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News >> Technology >>
Satyam to snap up firms in the West
By siliconindia
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Friday, 16 January 2004, 20:30 IST
HYDERABAD: Satyam Computer Services is actively looking for acquisitions to help boost growth, the head of its strategy and communications unit informed.
"One of the most important focus areas for us today in IT services is inorganic growth, we are actively looking into it," said K Thiagarajan, director and senior vice-president, corporate strategy and communications. (Should Indian IT firms concentrate more on R&D rather making acquisitions abroad?)
"We have grown organically quite a bit. We now have the areas where we don't want to spend inordinate amounts of time growing skill sets, growing markets, growing customer relationships which we can readily acquire," he said.
Hyderabad-based Satyam has the financial strength to acquire companies , he added, as long as their corporate cultures were compatible.
The countrys fourth largest software services exporter, which has cash of Rs 1,600 crore at the end of September, is looking for companies in North America and Europe.