Satyam eyes 10 deal; each over $50 mn

NEW DELHI: In a reflection of Indian IT services companies gaining appetite for larger deals, the country’s fourth largest software exporter Satyam Computer Services is pursuing 10 large contracts of over $50 million each. “These are large deals and have a 9-12 month gestation period,” a source said.

The company had clinched four large deals of over $100 million last year. Satyam had won a contract from the North American division of Nissan Motor to maintain, support and enhance the application software portfolio. The services to be provided by Satyam covered business functions such as product development, sales and marketing across multiple manufacturing units and locations.

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