Mahindra Satyam wins $48 mn deal from Denmark

HYDERABAD: India IT services provider Mahindra Satyam, controlled by Tech Mahindra, today announced that it has signed a new, four-year offshore contract with KMD, a Denmark based IT company.

KMD, which specializes in the public sector, signed a renewed contract with Mahindra Satyam for the next four years, worth approximately $48 million ending in December 2013, said a press release.

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 center in Bangalore. The scope of application development work covered would 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 that the offshoring project with Mahindra Satyam allows KMD to achieve even greater growth in the SAP development area and allows it to offer customers a reduced time to market.

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.”

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