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Satyam bags World Bank order

Our Bureau

HYDERABAD: Satyam Computer Services Ltd has bagged a new long-term contract from World Bank amid stiff competition from other major global IT companies.

World Bank has chosen Satyam as its primary offshore IT service partner for this contract. Asked to comment on the value of the contract, a Satyam spokesperson said "as per the agreement with the World Bank, we are not supposed to divulge this information".

The Satyam President, Mr Ram Myanampati, said, "This is a very prestigious contract for offshore services with provision for onsite projects."

"We look forward to a continued and mutually rewarding relationship with World Bank. Satyam had supported the media design of the World Bank intranet, which was ranked among the world's top 10 best intranet sites by Nielsen Norman (NN) group, a US agency, in October 2002," Mr. Myanmpati said.

Mr Rakesh Asthana, Director, Corporate Information Services of World Bank, in a statement said, "With this contract, our relationship with Satyam has matured from a contractual relationship to a strategic partnership. Over the next five years, we see Satyam as a key contributor to the implementation of the World Bank's IT strategy." Following this arrangement, Satyam will provide World Bank with an ERP solution and extend document management and integrated messaging system among other applications.

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