Satyam plans an acquisition or alliance in Japan
Satyam Computer Services Ltd., a leading software exporter, is planning to make an acquisition or alliance in Japan as the company expands in Asia to trim reliance on the US.
By Agencies |
SINGAPORE: Satyam Computer Services Ltd., a leading software exporter, is planning to make an acquisition or alliance in Japan as the company expands in Asia to trim reliance on the US.
Satyam expects the sales contribution from Japan to rise to more than 4 per cent of its total in three years, from 1.5 per cent now, Shailesh Shah, senior vice president for corporate strategy, said in an interview in here today. He declined to identify potential partners or takeover targets of the Hyderabad- based company.
``We are looking at creating something that's Japan specific,'' Shah said. ``The Japanese market is significantly different from the rest of the world, and we want to serve that market as if we're a local company.''
Satyam is expanding into Japan at a time when economy is headed for its longest expansion in 60 years, and as earnings encourage companies to spend more on factories, equipment and services. Satyam has more than 200 employees in Japan, serving customers such as Nissan Motor, the Japan's second-largest automaker, as well as banks and telecommunications companies.
The company is also expanding into other Asian markets such as China and Vietnam, Shah said. Satyam expects revenue contribution from the region, which also includes the Middle East and Africa, to rise to 20 per cent in the next one to two years, from 16.5 percent currently, he said.
Satyam expects the sales contribution from Japan to rise to more than 4 per cent of its total in three years, from 1.5 per cent now, Shailesh Shah, senior vice president for corporate strategy, said in an interview in here today. He declined to identify potential partners or takeover targets of the Hyderabad- based company.
``We are looking at creating something that's Japan specific,'' Shah said. ``The Japanese market is significantly different from the rest of the world, and we want to serve that market as if we're a local company.''
Satyam is expanding into Japan at a time when economy is headed for its longest expansion in 60 years, and as earnings encourage companies to spend more on factories, equipment and services. Satyam has more than 200 employees in Japan, serving customers such as Nissan Motor, the Japan's second-largest automaker, as well as banks and telecommunications companies.
The company is also expanding into other Asian markets such as China and Vietnam, Shah said. Satyam expects revenue contribution from the region, which also includes the Middle East and Africa, to rise to 20 per cent in the next one to two years, from 16.5 percent currently, he said.
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