Satyam Computer Services Ltd, or Mahindra Satyam, on Tuesday said it has won a three-year outsourcing contract from BASF IT Services, a subsidiary of German chemicals company BASF SE.
Satyam did not give the financial terms of the deal but a company official, on condition of anonymity, said it was a mid-size contract awarded after a competitive bidding that included Accenture Plc. and Infosys Technologies Ltd.
Satyam will enhance BASF’s capacity to provide managed services for its installed base of SAP, messaging and groupware, as well as user administration, the company said in a statement.
The deal is outcome-oriented and can be extended twice for a year each, it added.
Although big-ticket contracts still elude Satyam, hit by a multi-crore accounting fraud, it has won six mid-size deals in the past six months and has retained nearly all its clientele after its April 2009 acquisition by Tech Mahindra Ltd, the IT arm of the Mahindra and Mahindra group.
Source:http://www.livemint.com/2010/05/04232712/Mahindra-Satyam-wins-midsize.html?h=B
