Satyam gets contract from KMD

Mahindra Satyam, the brand identity of Satyam Computer Services Ltd. (NYSE:SAY), a leading global consulting and IT services provider has signed a new four year offshore contract with KMD, one of Denmark’s leading IT companies. KMD, which specializes in the public sector, signed a renewed contract with Mahindra Satyam for the next four years worth approximately $48 million ending in December 2013. The new contract is an extension of a previous contract that was due to expire this year which involved the supply of application development, testing and application support services particularly in the area of SAP which is a growing business for the Danish IT company.

The new contract involves stronger partnership and multi-fold increase in business commitment with offshore work conducted in a development centre in Bangalore, India. The scope of application development work covered will primarily include SAP, as well as other technologies such as Mainframe applications, .Net, Java, BizTalk, WebLogic, PL/1, Sharepoint and MQ Series.

According to Lars Monrad-Gylling, CEO of KMD, “We have chosen SAP as a strategic technological platform for our development work and consider it a common cornerstone to enable coherence between systems, global market standards and to offer our customers greater openness and freedom of choice. Mahindra Satyam’s outstanding competencies in this area were a major factor in our decision to extend the contract.”

He added, “The offshoring project with Mahindra Satyam allows KMD to achieve even greater growth in the SAP development area and allows us to offer customers a reduced time to market. We consider Mahindra Satyam among the world leaders in their field and the two companies have already been engaged in a highly successful partnership.

C P Gurnani, CEO of Mahindra Satyam commented, “We view this significant contract award as a great endorsement of the quality of work we have already delivered and a real testament to the success of the partnership that has developed between the two companies. We look forward with anticipation to the next phase of this relationship.”