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Satyam wins 15 new contracts in Jan

February 03, 2009 14:11 IST

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Amid concerns being raised over its revival, the scandal-hit Satyam [Get Quote] Computer on Tuesday said it has won as many as 15 new outsourcing contracts in January from clients in the United States, Europe and rest of the world.

"The company has got three new contracts from the US market, including one each in insurance and pharmaceuticals and a contract extension from an existing technology unit," a Satyam spokesperson told PTI over phone from Hyderabad.

The development will also help several suitors in the fray to firm up plans on acquiring the company, which has attracted interest from corporate majors like L&T, Mahindras, Spice group and Hindujas.

"In Europe, the company has managed to win two accounts -- one in the chemical manufacturing sector and the other in the services business," the spokesperson added.

Besides, there are 10 other contracts from the rest of the world, including renewals in Japan, Africa, Middle East, Asia-Pacific and Australia-New Zealand regions, she added.

The news of new contract wins would also boost the morale of thousands of employees at the beleaguered IT firm, which is struggling to keep operations afloat in the aftermath of a massive financial wrongdoing disclosed by its founder B Ramalinga Raju last month.

Despite the crisis, the company saw just one client -- US-based State Farm Insurance -- terminating its contract in January, the spokesperson noted.



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