Mahindra Satyam, the erstwhile Satyam Computer Services, said that it has signed a new four year offshore contract worth $48m with Denmark-based IT firm KMD.
The deal with KMD, which specialises in the public sector, is an extension of a previous contract that was due to expire this year which involved supply of application development, testing and application support services particularly in the area of SAP.
According to Mahindra Satyam, the new contract involves stronger partnership and multi-fold increase in business commitment with offshore work conducted in a development centre in Bangalore, India. The scope of application development work covered will primarily include SAP, as well as other technologies such as mainframe applications, .Net, Java, BizTalk, WebLogic, PL/1, Sharepoint and MQ Series.
Lars Monrad-Gylling, CEO of KMD, said: “We have chosen SAP as a strategic technological platform for our development work and consider it a common cornerstone to enable coherence between systems, global market standards and to offer our customers greater openness and freedom of choice. Mahindra Satyam’s outstanding competencies in this area were a major factor in our decision to extend the contract.
“The offshoring project with Mahindra Satyam allows KMD to achieve even greater growth in the SAP development area and allows us to offer customers a reduced time to market. We consider Mahindra Satyam among the world leaders in their field and the two companies have already been engaged in a highly successful partnership.”
