Underscores focus and reinforces presence in the North American Market
Fargo – June 19, 2012 – Mahindra Satyam, a leading global consulting and IT services provider, today announced the opening of its new delivery centre in Fargo, North Dakota. The Company intends to develop Fargo as a near-shore delivery location, offering innovative solutions in Business Processes and Infrastructure Management Services sector and IT Services.
Mahindra Satyam will share space with Cargill’s Global Business Services Center in Fargo. Cargill, the international producer and marketer of food, agricultural, financial & industrial products and services major had earlier selected Mahindra Satyam as their business service provider in North America. Together, they will create a regional delivery hub in Fargo.
“After a rigorous selection process, we have chosen Mahindra Satyam as our primary
Third-party service provider for North America,” said Al Johnson, Vice President,
Cargill Global Business Services. “Mahindra Satyam has strong expertise in
providing common business processes that meet Cargill’s needs.”
Americas as a region has been an important geography for the company. Verticals such as BFSI, Healthcare and Life Sciences form key growth areas for the company as they generate more than 50% of its revenue from the Americas market.
“Mahindra Satyam has always believed in creating avenues for capacity and capability building in the markets that it operates in. The delivery centre in Fargo will act as a strong foundation for our flagship Talent Exchange Program across geographies which enable local talent to acquire diverse skills and business process knowledge, while delivering an outstanding customer experience,” said Sujit Baksi, Executive Chairman, Mahindra Satyam BSG.
The near-shore delivery centre model has been quite successful for Mahindra Satyam and its clients. The company has near-shore delivery centres in Europe, the United Kingdom and now in North America.
“It will be our endeavor to provide excellent opportunities for local talent as we look forward to enhancing customer delight and delivering cost effective yet path-breaking solutions to the North American market,” said Lakshmanan Chidambaram, Senior Vice President, Sales & Operations, Americas, Mahindra Satyam.
With Mahindra Satyam’s domain expertise and customer base, the Company will be able to strengthen its ability to address evolving market needs by establishing this Center. Fargo is seen as a strategic location for the company, in terms of resource availability and competency development.
About Mahindra Satyam
Mahindra Satyam is a global business consulting and information technology services company leveraging deep industry and functional expertise, leading technology practices and a global delivery model to help businesses transform their processes and improve performance. The company's professionals excel in enterprise solutions, supply chain management, client relationship management, business intelligence, business processes, engineering and product lifecycle management, infrastructure services, among other services.
The company has development and delivery centres in the United States of America, Canada, Brazil, the United Kingdom, Germany, France, Hungary, Egypt, United Arab Emirates, India, China, Malaysia, Singapore, and Australia and serves numerous clients, including many Fortune 500 organizations.
Mahindra Satyam is part of the USD 15.4 billion Mahindra Group. The Mahindra Group employs more than 144,000 people in over 100 countries and operates in key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow. In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Mahindra Satyam undertakes no duty to update any forward-looking statements.