Satyam sells software worth $850,000 to firm

Satyam Computer Services Ltd, India’s fourth largest software exporter, on Friday announced the sale of $850,000 logistics solution software ‘project genero’, to a Malaysian company.

Announcing the deal at a joint conference with the company, Konsortium Logististik BHD, Ramalinga Raju, chairman Satyam Computer Services said this was a milestone development, not just in terms of technological competencies but also for the company’s strategy to grow operations in Malaysia. ‘‘We are quite committed to this market place. We believe that there is an enormous opportunity for the growth of business. We find that government and economy here are very responsive to the dynamics of market environment. This growth will be fuelled by the use of technology, ’’ he said. This is the first major business contract for Satyam since it firmed up operations in Malaysia last year with the launch of a global development programme.