The Hindu Business Line : Nestle extends Satyam contract for 3 years

Chennai June 25 Satyam Computer Services Ltd will earn cumulative revenue of around $75 million (around Rs 300 crore) over the next three years from Nestle Corporation for providing the Swiss company a range of software services.

The $78-billion food and beverage company has extended its relationship by three years with Satyam, which will increase its consultants working for Nestle to around 500 next year from the present 350. Satyam has set up a dedicated offshore development centre for Nestle at Bangalore, according to a Satyam official.

In the last three years, Satyam has been working with Nestle to develop a larger IT and business process framework. The extension of agreement gives further commitment for Satyam from Neslte, Mr Subu D. Subramanian, Director and Senior Vice-President, Manufacturing and Automotive Practice, Satyam, told newspersons.

The new agreement covers Satyam providing services ranging from software development, maintenance and support to infrastructure management.

The Hyderabad-based software company was open to acquiring companies to expand operations in Brazil, Mexico and Europe and also help providing services to Nestle, he said.

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