Mahindra Satyam is understood to have won a USD 40 million contract from Japanese automobile major Nissan Motor Co Ltd.According to sources, the deal valued at USD 40 million involves outsourcing new technology for application maintenance and operation services of Nissan. The contract is for three years till 2013. There is also an additional extension period of two years. The latest contract with the Japanese automaker is in addition to an existing one with Nissan America.Sources said the deal will be for three year from now and can be extended further two years.
However, a Mahindra Satyam (formerly Satyam Computer Services) spokespersons refused to comment on the deal and its size.Satyams chief executive CP Gurnani had observed a few months ago that the company had not fully gotten over its troubles and would require another couple of years to recover completely. The embattled company, once Indias fourth largest IT exporter, is in the process of restating its accounts for the last few years. It is expected to submit the details by June 30.
In 2006, Satyam Computer signed a five-year deal to maintain, support and enhance the application portfolio for Nissan North America.
The deal included an application portfolio spanning multiple business functions, plants, locations and business units. Satyam also manages all its mission critical business application in its key North American market.
Via:http://www.offshoringtimes.com/Pages/2010/offshore_news2964.html
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