Satyam signs $ 200 mn deal with US firm

MUMBAI: Satyam Computer Services has signed a five-year contract worth 200 million dollar with US-based Applied Materials Inc, a global leader in Nanomanufacturing technology for providing application development, maintenance and support services.

Satyam would provide application development, maintenance and support (ADMS) plus business transformation and core technology services to Applied Materials through a managed services delivery model, Satyam informed the BSE.

"We expect the Managed Services approach to become commonplace and to serve as a model for numerous future engagements with other customers," Satyam Computer Services founder and Chairman B Ramalinga Raju said.

A company official said the contract was worth USD 200 million (nearly Rs 880 crore).

It is an example of how Satyam strives to deliver exceptional value and innovation to its customers. These efforts, as well as our commitment to continuous improvement, are further demonstrated by our establishment of a facility dedicated to Applied Materials, Ramalinga Raju added.

The company has created a development center for Applied Materials at Bangalore, as part of its Electronic City campus.

Satyam has provided ADMS and engineering services to Applied Materials for more than five years prior to this announcement, it added.