Announcement posted by Satyam 14 Apr 2008
Satyam to set up new Technology and Learning Centre in Geelong
· Establishment of new Technology and Learning Centre aimed at nurturing local ICT talent
· New 25-acre facility will house 2,000 associates in
· Centre to complement Satyam’s growing global presence across 28 global development centres
MELBOURNE, April 14, 2008: Satyam Computer Services, Ltd. (NYSE:SAY), a leading global consulting and information technology services company, today announced that it will set up a new campus at the Geelong Technology Precint, Victoria. The new 25-acre campus will accommodate 2,000 employees over the next few years, producing a positive economic impact on the city of
The Satyam Campus will house a software development centre and facilities for training, research and development etc.
B. Rama Raju, Satyam’s co-founder and managing director, officially opened the new facility at a ceremony, with Premier John Brumby.
“Satyam is well established in
Officially announcing the project at
"Economic modelling estimates that the Satyam Technology and Learning Centre will significantly boost
As part of this initiative, Satyam will engage in a range of collaborative activities with Deakin including staff exchange, a work integrated learning program for students, a graduate employment program, joint research activities apart from scholarships and prizes.
Today, Satyam
Satyam (NYSE: SAY), a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20* industries and 61* countries.
Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company’s 49,199* professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.
Satyam development and delivery centres in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 630* clients, including more than one third of the Fortune 500. For more information, see www.satyam.com.
*As of Dec. 31, 2007
This press release contains forward-looking statements within the meaning of section 27A of Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Satyam undertakes no duty to update any forward-looking statements. For a discussion of the risks associated with our business, please see the discussions under the heading “Risk Factors” in our report on Form 6-K concerning the quarter ended December 31, 2007, furnished to the United States Securities Exchange Commission on January 28, 2008 and the other reports filed with the Securities Exchange Commission from time to time. These filings are available at http://www.sec.gov.
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This announcement is not an offer of securities for sale in the