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Satyam to set up new Technology and Learning Centre in Geelong

  • 14 April, 2008 15:34

<p>Satyam to set up new Technology and Learning Centre in Geelong</p>
<p>· Establishment of new Technology and Learning Centre aimed at nurturing local ICT talent</p>
<p>· New 25-acre facility will house 2,000 associates in Geelong</p>
<p>· Centre to complement Satyam’s growing global presence across 28 global development centres</p>
<p>MELBOURNE, April 14, 2008: Satyam Computer Services, Ltd. (NYSE:SAY), a leading global consulting and information technology services company, today announced that it will set up a new campus at the Geelong Technology Precint, Victoria. The new 25-acre campus will accommodate 2,000 employees over the next few years, producing a positive economic impact on the city of Geelong and surrounding areas, whilst highlighting Satyam’s commitment to Australia and nurturing the local ICT talent in Victoria and throughout Australia.</p>
<p>The Satyam Campus will house a software development centre and facilities for training, research and development etc.</p>
<p>B. Rama Raju, Satyam’s co-founder and managing director, officially opened the new facility at a ceremony, with Premier John Brumby.</p>
<p>“Satyam is well established in Australia and today’s announcement reinforces our ongoing commitment to the local ICT market,” Rama Raju said. “The Geelong campus is an important component of our long-term initiative to build new centres of excellence, in strategic locations, around the globe. The creation of this new technology and learning campus is central to the company’s philosophy that people need an atmosphere that nurtures their diversity, intelligence and curiosity. Geelong was selected as the location for its highly skilled ICT talent, excellent infrastructure and transport links to Melbourne. The support of the Victorian Government, the Geelong City Council and the collaboration activities with Deakin University directly influenced our decision”</p>
<p>Officially announcing the project at Deakin University’s Geelong campus this morning, Premier Brumby said the company’s decision to locate its new development centre in Geelong was a boost for the Victorian economy.</p>
<p>"Economic modelling estimates that the Satyam Technology and Learning Centre will significantly boost Victoria's economy". Premier John Brumby said.</p>
<p>As part of this initiative, Satyam will engage in a range of collaborative activities with Deakin including staff exchange, a work integrated learning program for students, a graduate employment program, joint research activities apart from scholarships and prizes.</p>
<p>Today, Satyam Australia has significant presence across the major cities of Sydney, Melbourne, Brisbane and Canberra with a diverse workforce of over 1400 associates serving Australia. Satyam has laid major emphasis on local employment generation and today over 42% of associates in Australia are local nationals.</p>
<p>~ end of release ~</p>
<p>About Satyam</p>
<p>Satyam (NYSE: SAY), a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20* industries and 61* countries.</p>
<p>Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company’s 49,199* professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.</p>
<p>Satyam development and delivery centres in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 630* clients, including more than one third of the Fortune 500. For more information, see www.satyam.com. *As of Dec. 31, 2007</p>
<p>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, 2007, furnished to the United States Securities Exchange Commission on January 28, 2008 and the other reports filed with the Securities Exchange Commission from time to time. These filings are available at http://www.sec.gov.</p>
<p># # #</p>
<p>This announcement is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from Satyam and that will contain detailed information about Satyam and its management, as well as financial statements.</p>

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