Satyam Allies with Temenos

Satyam Computer Services Ltd on April 25, 2007, has announced that the Company has forged a strategic alliance with Temenos, a Switzerland-based provider of integrated core banking systems. The alliance calls for Satyam to implement T24, Temenos's modular core banking system.

The Company's business and technology professionals, with significant expertise in the banking industry, will help banks around the world leverage T24 to manage operations more efficiently, increase flexibility, and enhance customer service.

"This alliance enables Satyam to help Temenos implement and serve as systems integrator for T24, which is recognized as the world's most technically advanced banking system." said Peter Swears, global banking head, of the Company. "We look forward to enabling banks to gain optimal value from robust Temenos products, end to ensuring that they can leverage the software to accommodate requirements well into the future."

The stock was trading at Rs.467.50, down by Rs.7.45 or 1.57%. The stock hit an intraday high of Rs.471.15 and low of Rs.461.55. The total traded quantity was 627535 compared to 2 week average of 1086822.

Source : Equity Bulls

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