Satyam, IdeaEdge join hands to form SIT

HYDERABAD: Satyam Computer Services, a globally integrated end-to-end IT

solutions provider, and IdeaEdge Ventures, a mobile Internet company of the US,

have announced a joint venture. The new company, Satyam IdeaEdge Technologies

(SIT), would provide technology solutions to companies in the emerging mobile

Internet industry.

"SIT will initially focus on providing solutions to IdeaEdge Ventures

and will strategically leverage the resource base of Satyam to launch its

services worldwide," said Satyam Computer Services managing director B Rama

Raju.

SIT, a 50:50 joint venture based in Hyderabad, will focus on developing

solutions in the areas of 2G, networking and wireless enablement. Over the next

three years, SIT's core delivery team, provided by Satyam, will see its strength

increasing to 500.

"We chose to partner with IdeaEdge as both the companies recognize the

enormous business opportunity that exists globally in the wireless industry,

particularly in the mobile Internet infrastructure space. We have an

understanding wherein 40 per cent of the business would be outsourced to Satyam,"

added Raju.

Satyam, founded in 1987 and headquartered in Hyderabad, has a presence in 35

countries across five continents.