Satyam Partners with K2 to Deliver Business Efficiency Solutions

December 8, 2008

HYDERABAD, India and REDMOND, Wash., Dec. 8 /PRNewswire-FirstCall/ –
Satyam Computer Services Ltd. (NYSE: SAY), a leading global consulting and
information technology services provider, announced that it has entered into a
partnership with software maker K2 to provide end-to-end business process
management solutions (BPM) on Microsoft platforms. K2 is a U.S.-based company
that delivers workflow and BPM solutions based on its K2 blackpearl and K2
blackpoint software. Satyam will also engage with K2 on go-to-market
activities to promote software adoption and sales.

As organizations increasingly streamline business operations to remain
competitive, processes need to become customer-centric and highly responsive
to change. BPM provides that flexibility, while enabling convergence of
people, process and technology.

“This partnership will benefit customers of both companies,” said Sriram
, Head of Content and Process Management at Satyam. “K2′s robust
products, combined with Satyam’s BPM consulting and implementation services,
will deliver operational cost savings, error reduction and improvement for
organizations throughout the world and in numerous industries, including
energy, finance, healthcare, manufacturing, telecommunications and insurance.”

K2 blackpearl is a comprehensive BPM suite that enables Microsoft users to
build process-driven applications with visual, familiar tools. Its
applications can be set up to automate and manage practically any type of
business processes, or pull together business processes, human resources,
services, information and systems into a single application. As a result,
companies can streamline operations, reduce IT costs, improve responsiveness,
minimize risk and make better business decisions.

“The combination of Satyam’s experience in collaboration, enterprise
content management and business process solutions, along with the power of K2
blackpearl, K2 blackpoint and our K2 connect for SAP offering, enables a new
class of applications for our customers,” said Dave Marcus, vice president of
global alliances for K2.

In 2009, Satyam will develop a Center of Excellence (CoE) in Chennai,
, that will ensure timely support, delivery and governance of K2-based
solutions. Professionals at the facility will develop frameworks and
methodologies using K2′s SmartObject (i.e., reusable business entity)
technology, which will result in better decision making, routing and reporting
based on 360-degree visibility across line-of-business systems.

About Satyam

Satyam (NYSE: SAY), a leading global business and information technology
services company, delivers consulting, systems integration, and outsourcing
solutions to clients in 20* industries and more than 65* countries.

Satyam leverages deep industry and functional expertise, leading
technology practices, and an advanced, global delivery model to help clients
transform their highest-value business processes and improve their business
performance. The company’s 52,865* professionals excel in engineering and
product development, supply chain management, client relationship management,
business process quality, business intelligence, enterprise integration, and
infrastructure management, among other key capabilities.

Satyam development and delivery centers in the US, Canada, Brazil, the UK,
Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve
690* clients, including 185* Fortune 500. For more information, see

*As of September 30, 2008

About K2 (www.k2.com)

The K2 software platform is for delivering process-driven applications
that improve business efficiency. Visual tools make it easy for anyone to
assemble reusable objects into applications that use workflow and
line-of-business information.

K2-based solutions are deployed by a growing number of the global Fortune
100. K2 is a division of SourceCode Technology Holdings, Inc. based in
Redmond, Washington, and has offices all over the world.

    K2 Media Contact:
    Dave Marcus

    Melissa Baratta
    +1-212-679-3300, ext. 118

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 6-K
concerning the quarter ended September 30, 2008, furnished to the Securities
and Exchange Commission on November 7, 2008, and the other reports filed with
the Securities and Exchange Commission from time to time. These filings are
available at http://www.sec.gov.

SOURCE Satyam Computer Services Ltd.

Source: newswire

comments powered by Disqus