Satyam acquires U.K. based Nitor for $5.5 Mn
By siliconindia | Wednesday, 24 October 2007, 07:00 Hrs
Hyderabad: Satyam Computer has announced the acquisition of UK-based IT infrastructure management consulting provider Nitor Global Solutions, in a cash deal worth $5.5 million. The company also disclosed the signing up of a multi-year deal with Fujitsu to provide IT services to Reuters, which is part of a 10-year $1 billion internal information transformation programme. The Chairman, B. Ramalinga Raju, said that the acquisition, second for the company in Europe, would enable Satyam to offer services in the infrastructure management space. Funded in 2002, Nitor posted revenues of $3 million and plays a role in consulting for infrastructure management services. Together with Satyam, the company expects to play a role in management services. Post this acquisition, Nitor is to be merged with Satyam's Infrastructure Management Services Group. The multi-year Fujitsu deal is expected to deepen Satyam?s relationship with Reuters as it extends range of services the company currently offers. Under the contract, Satyam would support and develop core applications, as well as managed infrastructure services for desk side support, create global network operations centre and provide remote infrastructure management. As a part of the deal, these services would be offered to 17,500 Reuters employees based in over 100 countries. Under the deal, Satyam would provide services to Reuters through Fujitsu. The services would be delivered from its Reuters offshore delivery centre in Hyderabad as well as a new centre in Chennai. The Managing Director, Private Sector, Fujitsu Services, Steve Andre, in a statement said, "Satyam is a key partner within our service integrator model for Reuters. Its expertise in application support and development, along with significant offshore capability and network operations skills, made it a compelling choice of our deal with Reuters."