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Satyam bagged more than 10 new clients in January

This article was posted on Feb 2, 2009 and is filed under Stock News

Mumbai: Amidst the hullabaloo over the affairs at Satyam Computer Services and reports of clients courting its rivals, the company’s sales team is learnt to have worked quietly to close about 15 deals.

Around 80% of the deals are with new clients, a company source said.

Going by the source, in the US, Satyam has bagged one client each in insurance and pharma sectors, while in Europe, it has won one client each in chemical manufacturing and the services business. Ten contracts are with clients in Japan, Africa, the Middle East, Asia Pacific, Australia, New Zealand and India.

A source familiar with Satyam’s Europe operations said, “The company has closed two multi-million dollar deals in the manufacturing sector, one each in Germany and Switzerland last week.”

Most of the deals are said to be in the $25-100 million range.

source: Dnaindia

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