Wednesday, November 12, 2008

Satyam acquires Motorola software development center (SDC) in Cyberjaya

India's Satyam Computer Services Ltd, which is the 4th largest IT solutions and service provider and has its own building block in Cyberjaya Malaysia, has just initiated an acquisition to its Cyberjaya neighbour - the software development center (SDC) of Motorola in Malaysia.

On the recent Monday, the 128 staff in Motorola SDC were briefed about the acquisition, that all of them, together with the SDC’s assets, will be diverted from Motorola to Satyam by the end of the year. Anyhow, they are assured by the management that their contractual bonus for the year will not be affected.

The SDC is part of Motorola's Home and Network Mobility business and focuses on network management system development. After the acquisition, Motorola will outsource the business to Satyam and get the same level of service as before.

Both Satyam and Motorola are listed in New York Stock Exchange (NYSE). To date, Satyam has a staff strength of over 500 in Malaysia.

1 comments:

web said... Reply To This Comment

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