Satyam Computer Services will buy a 9.06 per
cent stake in the US firm In Touch Technologies (ITTL). The board of
Satyam Computer has approved an investment of $2.5 million in the equity
of IITL, the US company which makes software for telecommunications.
"Satyam has decided to make this strategic investment in ITTL with
a view to access the company's customer base," a company statement
said. IITL, engaged in developing telecom products based on computer
telephony integration platform to bring cost effectiveness and flexibility
to global telecom service providers, has developed three products,
NetManager, CallManager and CallMonitor which are ready for the market
while other derivative products are in the development pipeline.
This strategic investment of Satyam Computers has been made with a view
to get access to ITTL’s customer base, who may require software
development related services as this is expected to provide an opportunity
of offering software development services to ITTL. In addition, this will
offer Satyam an opportunity to participate in the global telecom software
industry.