Nestle, Nissan, CIBA to stick with Satyam

05 May 2009

There was some positive news for Satyam Computer Services employees on Monday, as three of its biggest clients - Nestle, Nissan and CIBA – have assured that they will continue to do business with the firm.

"Clients such as Nestle and Nissan has already expressed their confidence in the company and had assured us that they will continue with us," an official privy to the development told news agency PTI.

Analysts had feared that after the acquisition of the firm by Tech Mahindra clients of Satyam who were sitting on the fence would jump to other vendors. However, the opposite seems to be happening, as post acquisition several companies have expressed confidence in the entity and pledged to continue doing business with them.

Moreover, the UK, Switzerland and Germany, which had earlier imposed strict visa norms for Satyam employees, have eased them.

Nestle, a multi-million dollar SAP client of Satyam, gave some additional business last month after watching the developments. Satyam provides application management to Nissan. CIBA is another of its SAP clients which has expressed confidence in the company.

Satyam's government appointed chairman Kiran Karnik noted that it still got some new clients despite some clients defecting from it.