| Mahindra Satyam Enhances Relationship with Symantec to Collaborate on Security Solutions for Smart Grid |
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Hyderabad, India – May 2, 2012 – Mahindra Satyam, a leading global consulting and IT services provider, today announced that it is enhancing its current relationship with Symantec Corp., a leading provider of data protection, high availability, security and storage products, to collaborate on security solutions for smart grid. The two companies plan to work together to jointly improve smart grid network security, which will also enhance Mahindra Satyam’s ability to deliver secure and effective smart grid services to utilities globally.
“Mahindra Satyam is uniquely positioned to address some of the most pressing next generation energy challenges through smart grid technology,” said, Arvind Malhotra, Senior Vice President, Mahindra Satyam. “Collaborating with an industry leader such as Symantec will help us to provide highly secure, reliable and robust smart grid solutions to our customers across the world.”
Mahindra Satyam is a leader in consulting, product engineering, design, evaluation and implementation services for the Smart Grid sector. Mahindra Satyam and Symantec plan to combine expertise and capabilities to deliver cyber security and compliance solutions. This combined approach will leverage Symantec’s Smart Grid solutions for control center security, data control and management, as well as system and device security while utilizing Mahindra Satyam’s extensive experience in deploying and managing Smart Grid solutions.
“The integration of power grid management with IT and networking technologies opens up new possibilities but also brings with it new challenges,” said Jose Iglesias, Vice President, Smart Grid Initiatives, office of the CTO, Symantec. “We are excited to be working with industry leader Mahindra Satyam to maximize the benefits of smart grid technology and develop safe, secure and effective energy solutions.”
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 $14.4 billion Mahindra Group, a global federation of companies and one of the top 10 business houses based in India. The group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, vacation ownership, rural and semi-urban financial services, etc. Mahindra has a significant and growing presence amongst others, in the automotive industry, agribusiness, aerospace, automotive components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel and two wheelers.
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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