Satyam Inaugurates Third Development Center at China - at the Guangzhou Software Park

Satyam Computer Services Ltd and IT services company, announced on November 15, 2006, that it has launched its 100-seater development center in the Guangzhou Software Park, China. The 500 sq. m. state-of-the-art facility is designed to scale up to 1000 employees by 2008 end.

Earlier this year, an agreement to this effect was signed in the presence of Zhang Guangning, the mayor of Guangzhou, and B Rams Raju, co-founder and chief executive officer of the Company. The development center will serve as a nearshore set-up for the Company’s customers based out of Hong Kong and Japan.

Commenting during this event, Virender Aggarwal, director and senior vice president, Satyam APAC and MEIA said, "China is strategic to our Asia Pacific operations and the launch of the Guangzhou development center further fortifies our commitment to the Chinese market. Sound infrastructure, the availability of rich technical resources and a dynamic business environment made Guangzhou best-poised for our third development center in the country. With the middle kingdom emerging crucial in our North American de-risking plan, we are exploring all possibilities to ramp-up operations in China."

The new center in Guangzhou strengthens the Company’s presence in China, which on today includes operations in Shanghai, Beijing and Dalian. Today a team of 400 associates (of which 97% are Chinese talent) work with various organizations locally, across technologies such as Oracle, SAP, Embedded and Engineering Services, Java, etc.

"Guangzhou will be an ideal nearshore location for our Hong Kong and Japanese clients who have invested in Southern China, given the rich local resources and proximity. The support from the government has been very encouraging and we will be looking to further grow the team size to 1000 by the end of 2008," said Raghavendra Tripathi country head, of the Company, China.

The Company has been one of the earliest entrants in the Chinese market, realizing its potential as an emerging nearshore hub for the company’s Asian customers and the rich pool of technical talent that the country offers. The first development center was set-up in Shanghai in 2002 with staff strength of 10 resources, which was further ramped-up to the present strength of 400+ associates. With a growth plan of increasing headcount to 3000 associates and setting up of two more nearshore centers in Dalian and Beijing, the Company will soon have the biggest footprint in the region, compared to its peers.

Source : Equity Bulls

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