Denmark based KMD extends SAP contract with Mahindra Satyam for $48 million
SOURCE: Press Release
DATE: March 11th, 2010
Mahindra Satyam, the brand identity of Satyam Computer 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 specialises 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.”
About Mahindra Satyam
Mahindra Satyam (NYSE: SAY) is a leading global business and information technology services company that leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance.
The company’s professionals excel in enterprise solutions, supply chain management, client relationship management, business intelligence, business process quality, engineering and product lifecycle management, and infrastructure services, among other key capabilities.
Mahindra Satyam is part of the $6.3 billion Mahindra Group, a global industrial federation of companies and one of the top 10 industrial firms based in India. The Group’s interests span financial services, automotive products, trade, retail and logistics, information technology and infrastructure development.
Mahindra Satyam’s development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve numerous clients, including many Fortune 500 organizations. For more information, see www.mahindrasatyam.com, Follow us on Twitter: http://twitter.com/mahindra_satyam
About KMD:
KMD is among the largest Danish-based IT companies and has more than 35 years experience in development, operation and maintenance of some of Denmark’s largest IT systems. KMD develops and provides IT solutions for the local authority, state and corporate markets in Denmark. KMD has more than 3,000 employees in Denmark and annual revenue in excess of EUR 500 million. KMD is owned by EQT and ATP.
KMD has chosen SAP as strategic technological platform for the development work. The choice of SAP as a common cornerstone means better coherence between systems, global market standards, and greater openness and freedom of choice for our customers.
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