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Satyam extends relationship with Nestlé

  • 25 June, 2007 11:54

<p>Satyam extends relationship with Nestlé
- Three-year agreement extension covers broad range of services for key global initiatives</p>
<p>June 25, 2007: Satyam Computer Services Ltd., (NYSE: SAY), a leading global consulting and information technology services company, announced today that it has been awarded a three-year contract extension by Nestlé Corporation, the largest food and beverage company in the world.</p>
<p>Satyam is working with Nestlé to establish global business practices based on a common technology platform, a key component of the company’s Global Business Excellence project. Satyam will provide services ranging from software development, maintenance, and support to infrastructure management. As a result of this agreement, the number of Satyam consultants working for Nestlé is expected to grow close to 500 over the next year.</p>
<p>“We are extremely pleased to be continuing our work with Nestlé,” said Subu D Subramanian, director and senior vice president – Manufacturing &amp; Automotive Practice, Satyam. “We measure business success in many ways, but none more important than long-term customer relationships. With Nestlé, we’re equally proud of the results we’ve delivered and the strength of our partnership.”</p>
<p>Nestlé operates 500 factories in 85 countries and employs over 250,000 people worldwide.</p>
<p>About Satyam</p>
<p>Satyam Computer Services Ltd. (NYSE: SAY), a leading global consulting and information technology services company, provides a comprehensive scope of services to help customers reengineer and reinvent their businesses to compete successfully in an ever-changing marketplace. Nearly 40,000* highly skilled Satyam professionals work onsite, offsite, offshore, and nearshore to provide customized business solutions for companies in several industries. Satyam’s ideas and products have resulted in technology-intensive transformations that have met the most stringent international quality standards. Satyam has Development Centers in the USA, the UK, the UAE, Canada, Hungary, Malaysia, Singapore, India, China, Japan, and Australia. These centers serve 558* global companies, of which 163* are Fortune Global 500 and Fortune US 500 corporations. Satyam’s presence spans 55 countries, across six continents.</p>
<p>*As of March 31, 2007</p>
<p>Safe Harbor</p>
<p>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 quarter ended March 31, 2007, furnished to the United States Securities Exchange Commission on April 30, 2007 and the other reports filed with the Securities Exchange Commission from time to time. These filings are available at http://www.sec.gov.</p>

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