| Satyam Inaugurates Third Development Center at China – at the Guangzhou Software Park |
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- 100-seat / 500 sq. m., state-of-the-art facility established in Guangzhou Software Park
- Center to serve as a nearshore facility for Satyam’s customers at Hong Kong and Japan
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Hyderabad, India, November 15, 2006: Satyam Computer Services, Ltd. (NYSE:SAY), the leading global consulting and IT services company, announced today that it has launched its 100-seater development center in the Guangzhou Software Park, China. The 500 sq. m. state-of-the-art facility is designed to scale up to 1000 employees by 2008 end.
Earlier this year, an agreement to this effect was signed in the presence of Zhang Guangning, the mayor of Guangzhou, and B Rama Raju, co-founder and chief executive officer of Satyam. The development center will serve as a nearshore set-up for Satyam’s customers based out of Hong Kong and Japan.
Commenting during this event, Virender Aggarwal, director and senior vice president, Satyam APAC and MEIA said, “China is strategic to our Asia Pacific operations and the launch of the Guangzhou development center further fortifies our commitment to the Chinese market. Sound infrastructure, the availability of rich technical resources and a dynamic business environment made Guangzhou best-poised for our third development center in the country. With the middle kingdom emerging crucial in our North American de-risking plan, we are exploring all possibilities to ramp-up operations in China.”
The new center in Guangzhou strengthens Satyam’s presence in China, which today includes operations in Shanghai, Beijing and Dalian. Today a team of 400 associates (of which 97% are Chinese talent) work with various organizations locally, across technologies such as Oracle, SAP, Embedded and Engineering Services, Java, etc.
“Guangzhou will be an ideal nearshore location for our Hong Kong and Japanese clients who have invested in Southern China, given the rich local resources and proximity. The support from the government has been very encouraging and we will be looking to further grow the team size to 1000 by the end of 2008,”said Raghavendra Tripathi, country head, Satyam China.
Satyam has been one of the earliest entrants in the Chinese market, realizing its potential as an emerging nearshore hub for the company’s Asian customers and the rich pool of technical talent that the country offers. The first development center was set-up in Shanghai in 2002 with staff strength of 10 resources, which was further ramped-up to the present strength of 400+ associates. With a growth plan of increasing headcount to 3000 associates and setting up of two more nearshore centers in Dalian and Beijing, Satyam will soon have the biggest footprint in the region, compared to its peers.
Satyam Contacts
For further information, contact: rfi@satyam.com
India
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Rajesh, rajesh@perfectrelations.com, +91 40 55316861, +91 98490 42184
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US
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Ivette Almeida, ialmeida@hfgcg.com 1- 646-284-9455 | +1-201-232-0128
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Europe
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Priti Thakker, priti_thakker@satyam.com, +1 973 753 1858, +1 973 997 1149
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Asia- Pacific
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Reshma Wad Jain, reshma@wer1.net, +65 6737 4844, +65 98140507 or Amber Dale, a.dale@polaris-me.com, Jiang Ying, rfi@satyam.com, +86 21 5080 7600 extn 4015, +86 13816686084
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Safe Harbor:
This press release contains forward-looking statements within
the meaning of section 27A of Securities Act of 1933, as
amended, and section 21E of the Securities Exchange Act of
1934, as amended. The forward-looking statements contained
herein are subject to certain risks and uncertainties that
could cause actual results to differ materially from those
reflected in the forward-looking statements. Satyam undertakes
no duty to update any forward-looking statements. For a discussion
of the risks associated with our business, please see the
discussions under the heading “Risk Factors” in our report
on Form 20 F concerning the fiscal year ended March 31, 2006,
furnished to the United States Securities Exchange Commission
on April 28, 2006 and the other reports filed with the Securities
Exchange Commission from time to time. These filings are
available at www.sec.gov
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