Satyam wins $71 million Qantas deal

Satyam Computer Services Ltd on November 09, 2006 has announced that it has signed a seven-year contract with Qantas, a world-leading airline. The agreement worth over ALD$71 million covers application development and maintenance services for over 150 applications across a wide portfolio of technologies.

This follows the recent Oracle e-Business suite contract announced in August between Qantas and the Company for the implemented elements of Qantas' eBusiness systems. The transition of the IT support and service delivery of these applications to the Company is already underway.

Today's announcement follows an extensive, 12-month review by Qantas of its information technology applications development, support and maintenance functions.

Commenting on this win, Rama Raju, co-founder & chief executive officer of the Company said "We are very proud to partner with Qantas, Australia leading airline as one of their global service providers and we look forward to leveraging our global expertise towards achieving Qantas goals and objectives.

"This partnership calls for Satyam to further enhance Qantas operational efficiency and with our experience across ADMS and the airline industry, we look forward to expanding this relationship for any IT application development project in the future with Qantas," said Virender Aggarwal, senior vice president & director, of the Company Asia Pacific & MEIA.

Over 1000 associates are serving Australia in providing similar application development activities to global majors including nine of the top Fortune 500 Companies in ANZ. Satyam Australia is amongst the earliest organizations in Australia to be certified under ISO 27001 for Information Security and Management Standards, a certification which Satyam achieved enterprise-wide, globally.

Source : Equity Bulls

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