Satyam to open second GDC in the Middle East
IT services giant Satyam Computers plans to set up a second Global Development Centre (GDC) in the region
IT services giant Satyam Computers plans to set up a second Global Development Centre (GDC) in the region.
The new centre will be located in Saudi Arabia and will open probably in the next few months, Satyam president Ram Mynampati told IT Weekly in an interview after the company’s leadership summit in Dubai, its first to be held in the region.
The centre will, however, operate separately from the company’s first centre, located in Egypt.
“Each centre is looked at in isolation to any other centres. While we may set up a centre in Saudi Arabia and others, that may not have any relevance to what we’re doing in Egypt,” Mynampati said.
Other centres in the region were a possibility, he added, but said there are no plans to open any more at present.
Satyam announced it was setting up its first regional GDC, a 300-seat facility in Egypt with research and software support facilities, earlier this month.
The opening of the centres is part of a concerted effort by the Indian company to expand its business in the region.
Satyam claims to enjoy 70% year-on-year revenue growth in the Middle East, but its sales in the region account for just 3% of its overall turnover. The bulk of the firm’s revenue comes from North America, over 65%, while 18% comes from Europe.
The company aims to increase the percentage of its sales in the Middle East to 7%-8% over the next four years, Mynampati revealed.
Satyam now has offices in seven different countries in the region including in Dubai, Oman, Bahrain, and Kuwait and employs approximately 200 people in the region in total.
“The most important element for us is to continue to enhance the brand. Our brand is still not where we would want it to be and we will continue to try and make it a global brand,” Mynampati said.
“The Middle East definitely has a lot of potential. There is a tremendous spending capacity waiting to be unleashed,” added Satyam director and senior vice president Virendar Aggarwal.
Satyam has enjoyed a number of regional customer wins over the past year gaining new customers in Qatar, Saudi Arabia and Bahrain. It has more than 160 regional customers in total.