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Satyam seals Egypt office

Satyam is expanding into the Egyptian market

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 Cairo's Smart Village.

The new centre will serve as a technical development and software support facility for Satyam's Middle East customer base. "The government of Egypt has prepared the economy for the new millennium through economic reform and massive investments in communications and physical infrastructure," said B. Ramalinga Raju, chairman at Satyam.

"The infrastructure is tremendous, the resource pool is talented and the corporate base is thriving in business opportunities," he added. "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."

The opening of a global delivery hub in Egypt augments recent moves by Satyam to strengthen its worldwide model by setting up similar centres in China and Malaysia.

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