Satyam enters Egypt

Satyam is expanding into the Egyptian market. The New York-quoted global consulting and IT services outfit has signed a memorandum of understanding with the Government of Egypt to establish a 300-seat global development centre in Smart Village, Cairo.

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By  Stuart Wilson Published  December 14, 2006

Satyam is expanding into the Egyptian market. The New York-quoted global consulting and IT services outfit has signed a memorandum of understanding with the Government of Egypt to establish a 300-seat global development centre in Smart Village, Cairo. The new centre will serve as a technical development and software support facility for Satyam’s Middle East customer base. B. Ramalinga Raju, Satyam’s founder and chairman, said: “The Land of the Pharaohs has always enthralled us with its advanced knowledge of science and alchemy. The present day generation has garnered the knowledge of their ancestors and built a modern day Egypt, which is as marvellous as the ancient one.” “The government of Egypt has prepared the economy for the new millennium through economic reform and massive investments in communications and physical infrastructure. The infrastructure is tremendous, the resource pool is talented and the corporate base is thriving in business opportunities. In short, Egypt is ideal for a sink and source strategy. While the Egyptian engineers’ specialised skills can be leveraged for better software delivery to our customers globally, the domestic market would offer ample opportunities for business generation,” he added. Dr. Tarek Kamel, Minister for Communication and Information Technology in Egypt, said: “The ICT industry is a key success factor to economic progress of Egypt. The presence of IT pioneers like Satyam will enable us to transform Egypt into a thriving dynamic IT hub, as they leverage the country’s skilled and abundant labour, highly advanced infrastructure and facilities as a global test bed for ICT applications, and a hub for their regional operations in Asia. As we continue to consolidate our partnership with companies like Satyam, we are confident that Egypt’s leadership position in the information age is closer to reality.” Raju continued: “Satyam is on a globalisation spree for the last few months. We have inaugurated our Guangzhou centre in the month of November and recently announced plans of setting up the 2000-seat global delivery campus in Malaysia. Technological advancement in telecommunication and connectivity has nullified distances across the globe. This is forcing companies like Satyam to adopt a strategy that leverages the local benefits of every country in terms of resource and business opportunities. “The announcement of the global delivery campuses in China, Malaysia and now the 300-seat delivery centre in Egypt, is Satyam’s commitment to building up an alternate workforce, a multi-country model and a global delivery approach that offer the optimum and most customized business solution to our global customer base,” Raju concluded.

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