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| Satyam Allies with Temenos |
- Deal calls for Satyam to implement Temenos T24™,
banking industry’s most robust system
Singapore, 25th April 2007 - Satyam Computer
Services, Ltd. (NYSE: SAY), a leading global consulting and
information technology services company, announced today that
it has forged a strategic alliance with Temenos, a Switzerland-based
provider of integrated core banking systems. The alliance calls
for Satyam to implement T24, Temenos’s modular core banking
system.
Satyam’s business and technology professionals, with
significant expertise in the banking industry, will help banks
around the world leverage T24 to manage operations more efficiently,
increase flexibility, and enhance customer service.
“This alliance enables Satyam to help Temenos implement
and serve as systems integrator for T24, which is recognized
as the world’s most technically advanced banking system,”said Peter
Sweers, global banking head, Satyam. “We
look forward to enabling banks to gain optimal value from
robust Temenos products, and to ensuring that they can leverage
the software to accommodate requirements well into the future.”
“This alliance, which will initially focus on the
APAC region, will provide valuable support to our T24 installations,”said Mark
Cullinane, chief operating officer, Temenos. “In
particular, Satyam’s consultancy and project management
expertise will help us continue to develop our T24 Model
Bank offering, with its pre-configured processes to reduce
implementation times and risk.”
About Temenos
Founded in 1993, Temenos Group AG is a provider of integrated modular core
banking systems to over 580 financial institutions worldwide in 110 countries
worldwide. Temenos software provides banks with a single, real-time view
of the client across the enterprise, enabling banks to maximize returns while
streamlining costs. Whether providing 24/7 functionality to retail, universal,
wholesale and private banking sectors, partnering with central banks on core
system replacement, or working with the World Bank on solutions for the emerging
markets, Temenos knows banking. The company has a transparent approach to
its operations and brings to bear its experience, expertise, commitment and
professionalism on every project. Headquartered in Geneva, Switzerland, the
company has 41 offices in 31 countries and is listed on the main segment
of the SWX Swiss Exchange (TEMN)
Satyam Contacts
For further information, contact: rfi@satyam.com
India
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Rajesh, rajesh@perfectrelations.com,
+91 40 55316861, +91 98490 42184
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US
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Ivette
Almeida, ialmeida@hfgcg.com 1-
646-284-9455 | +1-201-232-0128
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Europe
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Priti
Thakker, priti_thakker@satyam.com,
+1 973 753 1858, +1 973 997 1149
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Asia-
Pacific
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Reshma Wad Jain, reshma@wer1.net,
+65 6737 4844, +65 98140507 or Amber Dale, a.dale@polaris-me.com,
Jiang Ying, rfi@satyam.com,
+86 21 5080 7600 extn 4015, +86 13816686084
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Safe Harbor:
This press release contains forward-looking
statements within the meaning of section 27A of Securities
Act of 1933, as amended, and section 21E of the Securities
Exchange Act of 1934, as amended. The forward-looking statements
contained herein are subject to certain risks and uncertainties
that could cause actual results to differ materially from
those reflected in the forward-looking statements. Satyam
undertakes no duty to update any forward-looking statements.
For a discussion of the risks associated with our business,
please see the discussions under the heading “Risk
Factors”in our report on Form 6 - K concerning the
quarter ended December 31, 2006, furnished to the United
States Securities Exchange Commission on January 27, 2007
and the other reports filed with the Securities Exchange
Commission from time to time. These filings are available
at www.sec.gov
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