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Satyam Computer Services and Triple Point Technology Announce Strategic Alliance; Satyam to Provide Best-of-Breed Consulting and Services for Triple Point's Market-Leading Trading and Risk Management System

Posted on: Friday, 27 January 2006, 09:00 CST

Satyam Computer Services Ltd. (NYSE:SAY) and Triple Point Technology, Inc. today announced a strategic alliance where Satyam will provide integrated consulting, implementation and support services to the Energy and Utility (E&U) industry sector, for Triple Point's market-leading Commodity XL(TM) trading, risk management and logistics system.

The alliance of these two international, industry-leading companies will provide a best-of-breed solution for clients seeking to integrate commodity trading and risk management systems with Enterprise Resource Planning (ERP) and other enterprise systems.

Satyam Computer Services, Dr. Keshab Panda, head of European Operations said, "The energy and utilities vertical markets is a rapidly growing practice for Satyam, particularly in our offerings in Trading and Risk Management. We are confident that our alliance with Triple Point, coupled with their expertise in this area, will help us meet the challenging business requirements in this industry segment. Satyam's objective has always been to deliver value to our customers."

"We're very excited that an industry leader such as Satyam recognizes Commodity XL's premier position in the market place," said Dilip Daswani, vice president, Business Development, Triple Point. "This is another key building block in a very successful time for us including winning software house of the year, notable new customer wins, and significant product advancements."

The two companies will jointly market their services to new and shared clients in the Energy and Utility sectors.

About Satyam

Satyam Computer Services Ltd. (NYSE: SAY) is a global IT consulting and services provider, offering a range of expertise aimed at helping customers reengineer and reinvent their businesses to compete successfully in an ever-changing marketplace. Over 23,000* highly-skilled professionals in Satyam work onsite, offsite, offshore and nearshore, to provide customized IT solutions for companies in several industry sectors. Satyam's ideas and products have resulted in technology-intensive transformations that have met the most stringent international quality standards. Satyam Development Centers in India, the USA, the UK, the UAE, Canada, Hungary, Malaysia, Singapore, China, Japan and Australia serve 452* global companies, of which 155* are Fortune Global 500 and Fortune US 500 corporations. Satyam's presence spans 53 countries, across six continents. For more information, please visit www.satyam.com

*As on December 31, 2005

About Triple Point Technology

Triple Point Technology is the leader in trading, risk management, scheduling and logistics solutions for commodities including power, oil, gas, coal, metals, agricultural products and freight. Triple Point Commodity XL(TM) profitably manages the complex, ever-changing requirements of physical and financial markets. Commodity XL integrates front-to-back office and delivers best-of-breed functionality for the supply, trading, marketing and movement of commodities on a single next-generation platform. Triple Point's real-time system helps customers of all sizes streamline trade processing, reduce transaction costs, maximize supply chain efficiencies, precisely measure and manage market risk, evaluate performance, and ensure regulatory and accounting compliance.

Named "Software House of the Year" by Energy Risk, Triple Point's award winning solutions are used by more than 25 percent of both Global 500 commodity trading companies and Global 500 energy companies including Amerada Hess, HETCO, Louis Dreyfus, BP, Lehman Brothers, Morgan Stanley, Preem, Tesoro, Valero, OMV, BPCL, ConocoPhillips, Petronas, Oxy, Cinergy, Marathon Oil, Noble Group, Commerce Energy, ITOCHU, General Maritime and Glencore. Founded in 1993 and headquartered in Westport, Connecticut, USA, Triple Point serves clients in Asia, Africa, Australia, Europe, North America and South America from its five development and support centers strategically located around the world. More information is available at www.tpt.com.

Safe Harbor

This press release contains forward-looking statements within the meaning of section 27A of 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. Satyam undertakes no duty to update any forward-looking statements. For a discussion of the risks associated with our business, please see the discussions under the heading "Risk Factors" in our report on Form 6K concerning the fiscal quarter ended Sept. 30, 2005, furnished to the United States Securities Exchange Commission on Oct. 27, 2005, and the other reports filed with the Securities Exchange Commission from time to time. These filings are available at http://www.sec.gov.

Source: Business Wire

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