Mahindra Satyam gets $40 million deal from Nissan

The deal involves outsourcing new technology for application maintenance and operation services of Nissan, said sources. Wipro, Infosys go desi | Tech-periences

By PTI | May 12, 2010, 09.00 PM IST

HYDERABAD: Mahindra Satyam is understood to have won a $40 million contract from Japanese automobile major Nissan Motor Co Ltd.

According to sources, the deal valued at $40 million involves outsourcing new technology for application maintenance and operation services of Nissan.

Sources said the deal will be for three year from now and can be extended further two years.

However, a Mahindra Satyam (formerly Satyam Computer Services) spokespersons refused to comment on the deal and its size.

In 2006, Satyam Computer signed a five-year deal to maintain, support and enhance the application portfolio for Nissan North America.

The deal included an application portfolio spanning multiple business functions, plants, locations and business units. Satyam also manages all its mission critical business application in its key North American market.

Nissan is the second largest auto manufacturer of Japan and fifth largest in the world with revenues nearly USD 84 billion.

The scrip of Satyam Computers today closed at Rs 88.65 in Bombay Stock Exchange down Rs.089 against previous close.

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