Advertisment

Satyam to pick up stake in IITL of US

author-image
CIOL Bureau
Updated On
New Update

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.

tech-news