Satyam Computer Services (NYSE: SAY), a leading global consulting and IT services provider, has been rated as a top player in the Indian vendor consulting market, according to the “The Forrester Wave™: Indian Vendor Consulting Capabilities, Q4 2005” study conducted by Forrester Research, Inc.
Forrester Research evaluated Satyam’s current offerings and strategy for providing technical and business process consulting services against 20 criteria. The survey found that Satyam’s strong skills were especially prevalent in the ERP and technical consulting space. The Futurus Lab, established a year ago, demonstrates Satyam’s investment and depth of experience, which plans to build future business scenarios in the consulting space. This, along with the company’s acquisition of Citisoft, a boutique agency focused in the investment management vertical, has given a significant boost to Satyam’s consulting practice.
According to the report, Stephanie Moore, Vice-President of IT Services Research Group at Forrester Research wrote, “Satyam has a strong consulting vision and has been able to deliver on both technical and business process consulting requirements.”
Commenting on the recognition G B Prabhat, Director, Consulting and Enterprise Solutions, Satyam, said, “It is immensely gratifying to be recognised by a respectable research agency such as Forrester. Satyam is both a pioneer and a leader in consulting. Starting with its investment in 1995, Satyam has achieved considerable maturity in delivering state-of-the-art consulting solutions using the offshore delivery model. The company as a whole is now experiencing significant consulting-led growth. We are confident of scaling new frontiers in consulting in the future.”
About Satyam Computer Services Limited
Satyam Computer Services Ltd. (NYSE: SAY) is a global IT consulting and services provider, offering a range of expertise aimed at helping customers re-engineer and re-invent their businesses to compete successfully in an ever-changing marketplace. Over 22,000* highly-skilled professionals in Satyam work onsite, offsite, offshore and nearshore, to provide customized IT solutions for companies in several industry sectors. Satyam’s ideas and products have resulted in technology-intensive transformations that have met the most stringent international quality standards. Satyam Development Centers in India, the USA, the UK, the UAE, Canada, Hungary, Malaysia, Singapore, China, Japan and Australia serve 429* global companies, of which 149* are Fortune Global 500 and Fortune US 500 corporations. Satyam’s presence spans 53 countries, across six continents.
*As of September 30, 2005
For more information visit us at: www.satyam.com
About The Forrester Wave™ Study
As the use of Indian vendors becomes increasingly accepted for applications development, infrastructure management, and business processes outsourcing (BPO) tasks, companies are beginning to look to their Indian providers for IT and business process consulting expertise also. To assess the state of the Indian vendor consulting market and see how the vendors stack up against each other, Forrester evaluated the strengths and weaknesses of top-tier Indian vendors across 20 criteria.
To review the full report, please visit www.Satyam.com
Safe Harbor
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 6K concerning the fiscal quarter ended September 30, 2005 furnished to the United States Securities Exchange Commission on October 27, 2005 and the other reports filed with the Securities Exchange Commission from time to time. These filings are available at www.sec.gov
