Satyam client base intact in Asia Pacfic: Murty

One of the top 5 insurance cos in US had also decided to renew its contract,Satyam said.

Written by Reuters | Bangalore | Published: March 3, 2009 3:47:33 pm

Satyam Computer Services’ client base in Asia Pacific,the Middle East,India and Africa is intact despite the uncertainty about fraud-hit firm’s future,its new chief executive officer said on Tuesday.

The government-appointed board of Satyam plans to bring a strategic investor into the company to restore the confidence of its about 50,000 staff and more than 600 customers,including General Electric,Cisco and Qantas Airways.

“Our customer base remains intact and all our clients have chosen to stand by us during these challenging times,” A.S. Murty said in a statement about the firm’s business outside the United States and Europe.

“And,since the beginning of 2009,we have seen a record level of new contracts in the region,” said Murty,who was appointed CEO last month. He is in Singapore to meet staff and customers. Satyam was left struggling for survival after founder and chairman Ramalinga Raju quit on Jan. 7,saying profits had been overstated for years and assets falsified,but management has since said the company has stabilised. “We have a world-class roster of clients with whom we enjoy remarkably strong relationships,” Murty said. “My immediate priority as CEO is to initiate and cultivate additional measures that will continue to stabilise Satyam.”

Separately,Satyam said in a staff newsletter on Monday that it had recently won a significant four-year outsourcing deal from a leading telecom service provider along with another global information technology major.

One of the top five insurance companies in the United States had also decided to renew its contract,Satyam said without naming the clients in the newsletter.

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