The Telegraph
Since 1st March, 1999
Email This Page
Satyam bags mega deal in Malaysia

Kuala Lumpur, Sept. 5 (PTI): Satyam Computer Services Ltd, India’s fourth largest software exporter, today announced the sale of $850,000 logistics solution software called Project Genero to Konsortium Logististik BHD, a Malaysian company.

Satyam chairman Ramalinga Raju said it was a milestone development, not just in terms of the technological competencies but also for the company’s strategy to grow operations in Malaysia and the region.

“We are quite committed to this market place. We believe that there is an enormous opportunity for the growth of business. The government and economy here are very responsive to the dynamics of market environment. This growth will be fuelled by the use of technology and knowledge-based approaches,” he said.

This is the first major business contract for Satyam since it firmed up operations in Malaysia in April last year with the launch of a global development centre. The company expects a large growth from Malaysia. “By the end of the current financial year we expect to earn around $2 million,” Satyam's senior vice-president of Asia Pacific Virender Aggarwal said.

“We already have about 40 professionals based here and around 35 in India are dedicated to the Malaysian operations,” Aggarwal said, adding that this would be further enhanced as the business increases.

Email This Page