| Mahindra Satyam and Galorath announce a global alliance partnership for Should Costing Solutions |
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Hyderabad, India, May 7, 2012: Mahindra Satyam, a leading global consulting, Engineering and IT services provider, today announced a global alliance partnership with Galorath Incorporated, leading provider of estimation solutions, called the SEER solutions. This partnership shall focus on the “SEER for Manufacturing” solution in order to provide Should Costing solutions to discrete manufacturing companies across industry domains like Aerospace, Industrial, Energy & automotive verticals.
Should Costing is a systematic methodology for cost modeling and benchmarking that brings in required transparency in the cost structure of a product. Additionally, this enables a manufacturer to investigate cost optimization through efficient supply chain, manufacturing processes and assembly techniques. Manufacturing companies have typically realized 20-30% reduction in their cost budgets through should cost estimation.
Through this alliance partnership, Galorath and Mahindra Satyam will complement each other’s strengths to provide Should Costing consulting solutions to customers based upon the estimation strengths within the “SEER for Manufacturing” solution. To this effect, Galorath and Mahindra Satyam have already started delineating a joint Go-to Market plan to tap into this market.
This is going to be a win-win relationship for both the partners. Galorath’s “SEER for Manufacturing” solution contains a comprehensive knowledge base of manufacturing processes covering state of practice and state of the art metallic, non-metallic, electronic fabrication and assembly processes, including machining, fabrication, welding, PCB & electrical assemblies, as well as the industry’s most comprehensive knowledge base for composites processes. This will help Mahindra Satyam’s cost estimation processes become more robust and comprehensive, as well as help address opportunities across a wide spectrum of industry domains. Galorath will benefit from Mahindra Satyam’s global presence and expertise in Manufacturing Engineering services.
“We are extremely pleased to have SEER for Manufacturing utilized by Mahindra Satyam in their offering of its Should Cost analysis services,” stated Dan Galorath, Galorath’s President and CEO. “Mahindra Satyam possesses highly qualified employees who are extremely capable in performing Should Cost estimating services utilizing SEER and enable us to collectively assist clients in obtaining fair prices for the fabrication of their designs.”
“We are delighted to have Galorath as our Strategic Alliance Partner,” said Karthikeyan Natarajan, Global Head and Senior Vice President, Integrated Engineering Solutions business at Mahindra Satyam. “This tie-up will enable us to leverage the growing market for Should Costing solutions. Our customers continuously face cost pressures across their supply chain. This partnership with Galorath will help us leverage the SEER solution to reduce product development cost for our customers, thereby helping them launch cost competitive products.”
About Galorath
Galorath Incorporated has invested more than two decades developing solutions to help government and commercial organizations plan and manage complex software, hardware, electronics, manufacturing and IT projects. Their suite of SEER predictive modeling applications is the most comprehensive estimation, planning and management solution in the industry. Visit www.galorath.com for additional information.
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 industrial 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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