H.E. Dr. Tarek Kamel Inaugurates Satyam's Global Solutions Centre (GSC) in Egypt

DUBAI, UAE, March 6 /PRNewswire/ --

- Egypt GSC to be the First in the Middle East and Africa Region and the 28th Globally for the IT Major

Satyam (NYSE: SAY), a leading global business and information technology services company, announced today the inauguration of its Global Solutions Center (GSC) in Egypt by H.E. Dr. Tarek Kamel, the Egyptian Minister of Communications and Information Technology in a press conference held at the convention center in Smart Village. Located in Smart Village, Giza, the GSC is a joint undertaking by the Government of Egypt and Satyam Computer Services Ltd. and will train and deploy about 300 personnel to serve as a major technological development and software support group for Satyam's customers in the Middle East. Also present at the press conference were senior company officials including Mr. B. Rama Raju, Co-founder and CEO of Satyam; Virender Aggarwal, Director and Sr. Vice President, Satyam Asia-Pacific, Middle East and Africa; Murali V, Director and Senior Vice President - Commercial, Satyam; Sriram Papani, Sr. Vice President - Enterprise Applications, Satyam; Eng. Mohamed I. Embaby, Head, Egypt Global Solutions Centre; in addition to H.E A. Gopinathan, Ambassador of India - Egypt, and Dr. Hazem Abdelazim, CEO, Information Technology Industry Development Agency (Egypt).

The rising IT spend in Egypt, which according to IDC has been projected to grow by 12.4 per cent over the next five years and reach USD 120 million by 2010, has amplified its repute as the next important IT hub in the Middle East and African region. Recognizing the tremendous opportunity amidst the country's growing IT services market, Satyam has identified Egypt as the perfect location for its first GSC in the Middle East and African sub-continent which will serve to support the Egyptian Government's aims to develop local talent by creating more jobs. The GSC is a state-of-the art center spanning 2,100 sq. meters and its facilities include 2 training labs, video conferencing, high-speed networks and 24/7 connectivity to all other global locations. As the cornerstone of Satyam's strategy in the region, the 300-seater GSC will mainly house locals and is going to be headed by Mohamed I. Embaby, an Egyptian national. The GSC will serve as a near-shore to the Middle East and North Africa markets and also cater to the BPO, KPO and ITeS needs of European markets due to the availability of European language skills in Egypt.

Speaking at the inauguration, H.E. Dr. Tarek Kamel said, "We have come to an era where information technology is the fuel that drives the development of the most important industries within the global economy. Our efforts to bridge the gap in the IT competency of our citizens is only the first phase of our action plan to develop the IT potential of Egypt, which we expect to benefit all government and private sectors. The presence of the Global Solutions Centre in Smart Village is an enormous step towards achieving our ambitious goals for the local IT sector, and we are looking forward to having more projects of this kind in the future."

As a part of the company's globalization spree, this GSC is Satyam's 28th globally "Our investments in the Middle East and North African markets are in line with our larger globalization strategy," said B. Rama Raju. "We are confident that our investments in the region will also benefit the local economy by way of increased job opportunities for the local population, as we are keen on hiring and training a significant number of locals. The Egyptian Government has been extremely supportive of our expansion plans in the country, and we are committed to giving back something to the Egyptian economy." Raju also pointed out that Satyam is building world-class Global Solution Centres (GSC) across the world, in line with its strategy to strengthen its presence globally.

For more information, please contact: Satyam Contacts write to us at MediaRelations@Satyam.com Or contact our PR representative at: India - Vishwesh Iyer, vishwesh.iyer@ogilvy.com or Maan Dalghan CommuniGate Middle East PO Box 66861, Dubai, UAE Tel: +971-4-3988134 Fax: +971-4-3988137 Email: info@communigateme.com Website: http://www.communigateme.com