Satyam to set up IT development centers in south America

MUMBAI: IT major, Satyam Computer Services Ltd, plans to set up IT and BPO development centers in Mexico and Chile or Uruguay shortly, a top company official said.

After opening IT and BPO development centres in Egypt, Brazil and a second center in Australia, we are now looking at setting up the same in Mexico and either in Chile or Uruguay, Satyam Computer's President, Ram Mynampati, told reporters on the sidelines of a press meet here today.

Satyam sees a major growth in the next few quarters coming from outside the United States, mainly the Asia Pacific, Middle-East and Europe, Mynampati said.

Today, the US contributes 60 per cent business volumes, while Europe contributes 19.5 per cent and the remaining 20.5 per cent comes from the rest of the world.

Australia, Singapore, Canada and some Latin American countries are growing. Satyam's Middle-East operations increased 102 per cent in revenue for the first-quarter.

We are hopeful that 40 per cent volume currently coming from the Asia-Pacific will increase to 50 per cent shortly, Mynampati said. He pointed out that India has been the focus area for the company, where the company was growing at 100 per cent.