GE extends multi-million dollar deal with Satyam
September 24th, 2009 - 9:45 pm ICT by IANS
Hyderabad, Sep 24 (IANS) General Electric (GE) has extended its multi-million dollar contract with India’s leading consulting and IT services provider Mahindra Satyam for the next three years, the company said Thursday.
Among Satyam’s top five customers for over a decade, GE is supported in the specialised areas of application development maintenance, business intelligence and engineering services.
The New York-based GE has similar contract with 11 other technology vendors worldwide.
“We recognise the support extended over the years by Satyam and their commitment to delivery excellence even during tyring times,” GE’s global development centre leader Steve Morrison said.
According to Satyam’s global account executive Arvind Malhotra, the extension of the deal by GE was a testimony to the commitment the company’s engineers demonstrated.
“The contract symbolises the value we have been able to add through our services to GE,” Malhotra added.
The scam-hit Satyam was later taken over by Tech Mahindra, the IT arm of the Mahindra group, and renamed as Mahindra Satyam.
Satyam founder Ramalinga Raju stunned corporate India Jan 7 this year by admitting the Rs.78-billion multi-crore accounting fraud. The accused face charges of cheating, criminal conspiracy, falsification of records and forgery.
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Tags: account executive, accounting fraud, arvind, business intelligence, centre leader, corporate india, criminal conspiracy, development maintenance, dollar contract, dollar deal, face charges, falsification, five customers, forgery, global account, mahindra group, maintenance business, specialised areas, steve morrison, technology vendors