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Satyam Computer signs up long-term contract with World Banknews
New Delhi:
18 June 2003

New Delhi: Satyam Computer Services ( has announced the winning of a new long-term contract from the World Bank (

The World Bank is an existing customer of Satyam and the new contract was won against stiff competition from other global IT companies. The World Bank has chosen Satyam as its primary offshore IT services partner for this contract.

Says World Bank director (corporate information services) Rakesh Asthana: "With this contract, our relationship with Satyam has matured from a contractual relationship to a strategic partnership. Over the next five years, we see Satyam as a key contributor to the implementation of the World Bank's IT strategy."

Adds World Bank financial systems and Satyam relationship manager Scott Ligon: "Our relationship has moved to the next level with the introduction of quality processes and a tightly integrated ODC infrastructure. The Chennai World Bank-Satyam Offshore Development Centre is considered at par with our 110 World Bank country offices around the world."

Satyam was preferred for its relationship management, high-quality work and responsiveness to meet a full range of IT service needs. Satyam will deliver solutions like ERP, Java, .NET, Notes/Domino, Document Management and Messaging.

Says Satyam president Ram Mynampati: "This is a very prestigious contract and we are delighted to work with the World Bank. We have done many successful projects for them in the past, which has brought with it a lot of accolades and recognition. This contract is for offshore services with provision for onsite projects. We look forward to a continued and mutually rewarding relationship with the World Bank."

Satyam supported the media design of the World Bank intranet, which was ranked among the world's 10 best intranet sites by the reputed US agency Nielsen Norman Group in October 2002.

The World Bank group is one of the world's largest sources of development assistance. It is owned by 184 member countries. In fiscal year 2002, the institution provided more than $19.5 billion in loans to its client countries. It works in more than 100 developing economies with the primary focus of helping the poorest people and the poorest countries.

Satyam Computer Services, a diverse end-to-end IT solutions provider, offers a range of expertise aimed at helping customers reengineer and reinvent their businesses to compete successfully in an ever-changing marketplace. Over 9,700 highly skilled professionals in Satyam work onsite, offshore or offsite to provide customised IT solutions for companies in several industry sectors.

Satyam's ideas and products have resulted in technology-intensive transformations that have met the most stringent of international quality standards. Satyam development centres in India, the US, the UK, the Middle East, Singapore, Malaysia, Japan and Australia serve over 280 global companies, of which 81 are Fortune 500 corporations. The Satyam marketing network spans 45 countries across five continents.

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Satyam Computer signs up long-term contract with World Bank