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Satyam sees inflow of business intelligence deals
BS Reporter in Hyderabad | February 06, 2009 15:07 IST
Showing clear signs of quicker recovery from the current crisis, the scam-devastated Satyam Computer Services [Get Quote] has been awarded a fixed bid project on data modelling by a leading provider of healthcare solutions by diagnostic, treatment and preventative care. Besides, another US-based transportation and logistics major in the extract, transform and load space has asked the company to initiate work on an upgrade project.
Over the last three weeks, we have seen significant developments in the business intelligence services space, where we continue to win more business from our existing clients. These wins are a testament to the faith that our customers place in us, and the commitment with which our associates continue to deliver services," Satyam said in the in-house newsletter to its associates.
The newsletter, christened Newstoday, in its sixth issue dated February 5, further said that a leading UK-based global financial services provider, engaged in retail and commercial banking, credit cards, investment banking, wealth and investment management services, has also stated that they would continue to do business with Satyam.
"One of the key reasons attributed to this is the positive attitude, commitment and perseverance of all associates. They appreciated our assertion that we will continue in 'business-as-usual' mode. The customer has also expressed a keen interest in possibly increasing the size of the associate team working on their project," it added.
Refuting a media report in a leading Australian publication that the National Australia Bank has "dropped" Satyam and "it is set to cut ties", Satyam asserted that its four-year relationship with NAB is as strong as ever, and it remains one of the six strategic IT partners to NAB.
Satyam currently services NAB in the consulting, ADM and infrastructure management services areas with close to 300 associates serving this relationship.
"NAB and Satyam have decided to put on hold only the transitioning of the ITO ADM Wave 2, which had started two months ago. This has also been necessitated due to regulatory requirements. All other four existing engagements with NAB which includes multi-year contracts for ITO ADM Wave 0, IMS-enterprise application delivery programs and strategic process consulting transformation project, continue as before," the company said.
The work to be put on hold (Wave 2 ITO) will be transitioned back to NAB's internal IT team, and NAB will continue to monitor Satyam's situation in the coming months once the situation is deemed as being stable.
A decision will be made about whether it will be transitioned to Satyam or retained at NAB. The bank will utilise the services of Satyam's Australia-based associates to supplement their internal teams to the extent possible, Satyam said, adding "NAB leadership team has been working closely with Satyam account management team in Melbourne since the January 7 event, monitoring the situation and has put in place a robust contingency team."
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