| Saab India Technology Centre in Partnership with Mahindra Satyam Inaugurated in Hyderabad |
Hyderabad – October 21, 2011 – Mahindra Satyam, a leading global consulting and IT services provider, today announced the inauguration of Saab India Technology Centre, a Research and Development Centre, in Hyderabad.
The Saab India Technology Centre, SITC, will form a bridge between India and Sweden. The aim of the centre is to support the internal operational excellence and optimization initiatives within Saab, while also supporting Saab to expand in the Indian market. An initial base of 100 skilled Indian engineers to be inducted by the close of 2012 will form the backbone of the Centre. The SITC is expected to increase its headcount to at least 300 over the next three years.
The Centre will undertake Research and Development in aerospace, defence and urban innovation including civil security.The primary areas of development will include Software Engineering, Electronic Engineering and Mechanical Engineering. The SITC envisages future development in the areas of Signal processing and Systems Engineering.
"Aerospace & Defence is a major growth area for us and establishment of SITC is a strategic step towards synergizing Mahindra Satyam's unique strengths in mission critical systems, engineering services, systems integration and Saab's expertise in aerospace, Network centric warfare, special IT systems", said CP.Gurnani, CEO, Mahindra Satyam at the inauguration ceremony.
Inaugurating the SITC Håkan Buskhe, Saab President and CEO Centre, said:
"With the establishment of this Research and Development Centre, Saab has invested in a sustainable and long term relationship with Mahindra Satyam to co-develop critical technologies not only for India but to support our global markets. This Centre is a part of Saab's future offer for the world market." According to Inderjit Sial, Managing Director, Saab India Technologies -
"This Centre represents Saab's commitment to investing in India and partnering in creating India's technology base in areas of national security and defence needs. Saab is providing technological and knowledge partnership to support India's ambition to be an independent player within the defence technology market, with special focus on aerospace technology."
About Saab
Saab serves the global market with world-leading products, services and solutions ranging from military defence to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers' changing needs.
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About Mahindra Satyam
Mahindra Satyam 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 $12.5 billion Mahindra Group, a global federation of companies and one of the top 10 business houses based in India. The Group's interests span automotive products, aviation, components, farm equipment, financial services, hospitality, information technology, logistics, real estate and retail.
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.
For more information, see www.mahindrasatyam.com
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For clarifications, write to us at: MediaRelations@mahindrasatyam.com
Safe Harbor
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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