Press Release
Satyam Release date: March 6, 2008
H.E. Dr. Tarek Kamel Inaugurates Satyam's Global Solutions Centre (GSC) in Egypt Egypt GSC to be the first in the Middle East and Africa region and the 28th globally for the IT major
March 06, 2008
Satyam (NYSE: SAY), a leading global business and information technology services company, announced yesterday (Wednesday, March 5,2008) the inauguration of its Global Solutions Center (GSC) in Egypt by H.E. Dr. Tarek Kamel, the Egyptian Minister of Communications and Information Technology in a press conference held at the convention center in Smart Village. Located in Smart Village, Giza, the GSC is a joint undertaking by the Government of Egypt and Satyam Computer Services Ltd. and will train and deploy about 300 personnel to serve as a major technological development and software support group for Satyam's customers in the Middle East. Also present at the press conference were senior company officials including Mr. B. Rama Raju, Co-founder and CEO of Satyam; Virender Aggarwal, Director and Sr. Vice President, Satyam Asia-Pacific, Middle East and Africa; Murali V, Director and Senior Vice President - Commercial, Satyam; Sriram Papani, Sr. Vice President - Enterprise Applications, Satyam; Eng. Mohamed I. Embaby, Head, Egypt Global Solutions Centre; in addition to H.E A. Gopinathan, Ambassador of India - Egypt, and Dr. Hazem Abdelazim, CEO, Information Technology Industry Development Agency (Egypt).
The rising IT spend in Egypt, which according to IDC has been projected to grow by 12.4 per cent over the next five years and reach USD 120 million by 2010, has amplified its repute as the next important IT hub in the Middle East and African region. Recognizing the tremendous opportunity amidst the country's growing IT services market, Satyam has identified Egypt as the perfect location for its first GSC in the Middle East and African sub-continent which will serve to support the Egyptian Government's aims to develop local talent by creating more jobs. The GSC is a state-of-the art center spanning 2,100 sq. meters and its facilities include 2 training labs, video conferencing, high-speed networks and 24/7 connectivity to all other global locations. As the cornerstone of Satyam's strategy in the region, the 300-seater GSC will mainly house locals and is going to be headed by Mohamed I. Embaby, an Egyptian national. The GSC will serve as a near-shore to the Middle East and North Africa markets and also cater to the BPO, KPO and ITeS needs of European markets due to the availability of European language skills in Egypt.
Speaking at the inauguration, H.E. Dr. Tarek Kamel said, "We have come to an era where information technology is the fuel that drives the development of the most important industries within the global economy. Our efforts to bridge the gap in the IT competency of our citizens is only the first phase of our action plan to develop the IT potential of Egypt, which we expect to benefit all government and private sectors. The presence of the Global Solutions Centre in Smart Village is an enormous step towards achieving our ambitious goals for the local IT sector, and we are looking forward to having more projects of this kind in the future."
As a part of the company's globalization spree, this GSC is Satyam's 28th globally "Our investments in the Middle East and North African markets are in line with our larger globalization strategy," said B. Rama Raju. "We are confident that our investments in the region will also benefit the local economy by way of increased job opportunities for the local population, as we are keen on hiring and training a significant number of locals. The Egyptian Government has been extremely supportive of our expansion plans in the country, and we are committed to giving back something to the Egyptian economy." Raju also pointed out that Satyam is building world-class Global Solution Centres (GSC) across the world, in line with its strategy to strengthen its presence globally.
As part of its active presence in the regional IT arena, Satyam has recently pioneered the virtually integrated delivery model 2.0 (VIGDM), which renders services from multiple locations across the globe in real time. In addition to its established regional offices in UAE, Kuwait, Bahrain, Qatar, Oman, KSA and Jordan, the company has also recently launched its global delivery campuses in China and Malaysia. Following the inauguration of its GSC in Egypt, Satyam is currently looking at Saudi Arabia as a viable market for a second GSC in the region.
About Satyam Satyam (NYSE: SAY), a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20* industries and 61* countries.
Satyam 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 49,199* professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.
Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 630* clients, including more than one third of the Fortune 500. For more information, see www.satyam.com. As of Dec. 31, 2007
Satyam in Middle East
o Leading IT Services Organization servicing the Middle East and African markets
o Significant presence in Dubai, Saudi Arabia, Kuwait, Qatar, Abu Dhabi, Oman, Bahrain, Jordan, Mauritius, Kenya, Nigeria Johannesburg and Cape Town
o Global Solutions Center in Egypt and South Africa
o Competency across diverse industry segments
o Customer base in Middle East and Africa includes over 180 high profile organizations
o Completed over 200 Project full Life Cycles
o Over 450+ consultants on site in the region
o Multilingual and Local Project Teams
Satyam Contacts
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