| HYDERABAD, India, September 24th 2009: Mahindra Satyam, the new brand identity of Satyam Computer Services Ltd. (NYSE:SAY), a leading global consulting and IT services provider, announced today that it has received an extension of its multi-million dollar contract with GE for next three years effective January 1, 2010.
GE, which is among the top 5 customers of Mahindra Satyam for over a decade now, is being ably supported in the specialized areas of Application Development Maintenance, Business Intelligence and engineering services. GE has signed a similar contract with 11 other vendors.
“GE recognizes the support extended over the years by Mahindra Satyam, and their commitment to delivery excellence, even during trying times.” said Steve Morrison, GDC Leader of GE.
Arvind Malhotra, Global Account Executive of Mahindra Satyam said, “This extension is a testimony to the commitment our associates, have demonstrated and truly symbolizes the value we have been able to add through our services. We thank the leadership at GE, for having reposed their confidence in us, and reinforce our resolve to excel in our deliverables to our esteemed partner, for years to come”.
About Mahindra Satyam
Mahindra Satyam (NYSE: SAY) is a leading global business and information technology services company that 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 professionals excel in enterprise solutions, supply chain management, client relationship management, business intelligence, business process quality, engineering and product lifecycle management, and infrastructure services, among other key capabilities.
Mahindra Satyam is part of the $6.3 billion Mahindra Group, a global industrial conglomerate and one of the top 10 industrial firms based in India. The Group’s interests span financial services, automotive products, trade, retail and logistics, information technology and infrastructure development.
Mahindra Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve numerous clients, including many Fortune 500 organizations.
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This press release contains forward-looking statements within the meaning of Section 27A of the 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. Mahindra Satyam undertakes no duty to update any forward-looking statements.
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