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Satyam Launches New Facility in Pune
- Latest in growing network of Satyam centers around the world
- Accelerates city’s emerging status as next IT hub
HYDERABAD, India, September 23, 2008: Satyam Computer Services Ltd. (NYSE: SAY), a leading global consulting and IT services provider, announced today that it has opened a development center in the Pune Special Economic Zone at the Rajiv Gandhi InfoTech Park, Hinjawadi. The 475,000 square-foot facility will eventually accommodate 4750 associates. Currently, several hundred Satyam employees are working at the site, helping global automotive companies and financial services institutions enhance their customer service via enterprise application and business intelligence optimization projects.
Satyam now has 30 development centers in India and another 19 around the world. Its growing development capabilities are part of a trend.
“Our investment in this development center is further indication that the country is emerging as an innovation leader,” said Virender Aggarwal, Head of Satyam’s APAC and MEIA regions. “It is also an indication that Pune is becoming India’s next IT hub.”
This state-of-the-art facility, which Satyam leases from DLF, features cutting-edge networking equipment. It also is equipped with ample backup power, which will eliminate technical disruptions to operations. Moreover, in building the center, Satyam paid particular attention to its employees’ well-being. Because the SEZ is a considerable distance from downtown Pune, the facility provides transportation for all associates. It also features a multi-cuisine, multi-vendor cafeteria that accommodates 500 people at a time, as well as an executive dining designed for entertaining customers. Additionally, it has a well-equipped gymnasium, recreation center and meditation room.
SBI Life Insurance, Managing Director and Chief Executive Officer, Uday Sankar Roy inaugurated the facility at a ceremony, “Pune is emerging as one of the fastest growing InfoTech hubs of the country, challenging biggies like Bangalore and Hyderabad. I am confident it would soon become a prime claimant for the ‘Silicon Valley of India’ position. Overall strengthening of IT Infrastructure, through such state- of- the- art facilities built by Satyam, will help our country sustain its global leadership in IT.”
About Satyam
Satyam (NYSE: SAY), a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20* industries and 66* countries.
Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company’s 51,643* professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.
Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 670* clients, including more than one third of the Fortune 500. For more information, see www.satyam.com.
*As of June 30, 2008
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 6-K concerning the quarter ended June 30, 2008, furnished to the Securities and Exchange Commission on July 25, 2008, and the other reports filed with the Securities and Exchange Commission from time to time. These filings are available at http://www.sec.gov.
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