Satyam enters strategic partnership to invest in Melbourne's human capital

Satyam Computer Services Ltd has announced that the Company and The University of Melbourne (MU), have signed a Memorandum of Understanding (MoU) that will increase opportunities for both Melbourne Information and Communication Technology students and businesses. The MoU was signed by Rama Raju, Company's CEO and co-founder, and Professor Vijoleta Breach-Maksvytis, deputy vice-chancellor, The University of Melbourne. This signing was witnessed in the presence of The Honorable Minister for Consumer Affairs and Information and Communication Technology, Marsha Thomson.

"This alliance will enable up to 10 MU students to undertake a software development internship with Satyam each year," said Virender Aggarwal, director and senior vice president, RBU APAC & MEIA. "Additionally, Satyam will recruit as many as 20 software engineers from the university every year".

Program participants will undergo a three-month training course in India and China, Raju added. Upon completion of the program, the Company will place them on projects in Australia, or one of its other 55 global locations.

The alliance enables both parties to carry out joint research projects. It also creates opportunities for the Company executives to deliver guest lectures about the Company's core competencies to MU ICT students. In addition, both organizations will invest in collaborative research on futuristic IT solutions such as grid computing.

Breach-Maksvytis called the alliance a major coup for the university, and for Melbourne. "We are very pleased and excited to have this formal collaboration with Satyam," she said. "Our students will have the opportunity for internships with Satyam, which will expose them to real-world problems in a commercial environment. It will clearly benefit both organizations."

Breach-Maksvytis also said MU looks forward to much closer collaboration and stronger research ties with Satyam, as well as opportunities for ICT knowledge transfer. "It is good to know that a Company of Satyam's caliber recognizes the potential we have here in Australia. For example, Satyam has sot up its largest Global Development Centre outside India here in Melbourne, and collaborated with Australian academia before."

Last year, the Company embarked on a similar initiative with the Victoria University. Students received intensive software training on the latest technology and were assigned to onsite and offshore projects, most of which involved data warehousing.

Source : Equity Bulls

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