Satyam Opens Development Center in Vizag
- Region’s engineering colleges will provide many of the 2000 professionals
slated to work at facility in the next one and half years
Vizag, India, May 3, 2007: Satyam Computer Services Ltd.,
(NYSE: SAY), a leading global consulting and information technology services
company, today opened its first facility in this port city, which is also known
as Vizag. The 6.5-acre campus at Resapuvani Palem was inaugurated by the Honorable
Chief Minister of Andhra Pradesh, Dr. Y.S. Rajasekhara Reddy. Other dignitaries
participating in the ceremony include T Subbi Rama Reddy, Union Minister of
State for Mines and Konathala Ramakrishna, Minister for Commercial Taxes, Government
of Andhra Pradesh among others.
“We at Satyam are delighted to benefit from the progressive economic
policies in Andhra Pradesh, which have enabled us to establish this state-of-the-art
facility,”Raju said. “We look forward
to leveraging the superior capabilities of the people in the Vishakhapatnam
region, who will deliver world-class services to our clients around the globe.
In addition, we are proud to have been one of the first professional services
organizations to recognize this area’s enormous potential, and are
eager to play a key role in making Vizag the next business and IT hub of
Andhra Pradesh.”
The Vizag Center, the second Satyam facility in Andhra Pradesh (the other
is in Hyderabad), will employ about 750 associates during its first phase.
Thirteen hundred more will join before Phase II is complete. These professionals
will deliver a broad range of services, led by information technology and business
process outsourcing for customers in Asia and Europe.
The Vizag region is renowned for its natural beauty, notably its pristine
beaches and, farther inland, the rolling green hills and pleasant climate of
the Araku Valley. It is an exceptional business location, too, said Srinivas
Vadlamani, Satyam’s chief financial officer.
“There are a dozen engineering colleges in and around the city,
and we will rely upon them to provide many of the professionals who will
work in the new development center,”Vadlamani said. “In
addition, the cost of living is reasonable, making Vizag is a very desirable
place to work and live.”
Satyam Contacts
For further information, contact: rfi@satyam.com
India
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Shakuntala Sarkar, rfi@satyam.com,
+91 9885106696 or 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 6 - K concerning the quarter ended December 31, 2006,
furnished to the United States Securities Exchange Commission on January
27, 2007 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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