Satyam announces acquisition of UK-based Nitor Global Solutions Limited

• An all-cash transaction, under which NITOR will be merged with Satyam’s Infrastructure Management Services (IMS) Group
• The acquisition to catalyze Satyam’s IMS business in Europe

In October 2007, Satyam entered into a definitive agreement to acquire 100% stake in Nitor Global Solutions Limited (“NITOR”) of the UK, a niche consulting firm providing Infrastructure Management Services (IMS), for about GBP 2.76m (US$ 5.5M) in cash. The deal marks the second acquisition in Europe by Satyam, which recorded revenues of US$1.46 billion in the fiscal year ended 31 March 2007.

NITOR, which was founded in 2002, posted revenues of US$ 3M for year ending September 2007.

NITOR has rich expertise in end-to-end solution implementation and program/ project management in the IMS space. NITOR brings to Satyam new relationships with some of the dominant players in Banking, Pharma, and Telecom & Media industry in Europe.

Dr. Keshab Panda, Head of Satyam European Business said: “The acquisition of NITOR is of strategic importance to our business. With this acquisition we are confident of achieving rapid growth in our Europe IMS business”

Nick Sharma, Global Head of Satyam’s IMS Business said: “The people at NITOR are seasoned IMS professionals, held in high regard by their customer community as well as the Alliance community and known for their flawless execution of high end IMS consulting projects. We are confident that their leadership will provide the right impetus for our business in Europe.”

Todd Whaley, the Managing Director of NITOR said: “We are delighted to become part of Satyam. Satyam today serves a very high number of Global F500 customers in Europe. We are confident that we can bring to fore our IMS consulting capabilities to delight these customers and make Satyam’s IMS Business one of the largest and most respected in Europe”.

Satyam will merge NITOR into its IMS business. The Directors of NITOR, Todd Whaley and Stephen Craike will lead Satyam’s IMS business in Europe following the acquisition.

About NITOR:

Nitor Global Solutions (NITOR) is a specialized professional services firm that empowers organizations with the ability to rapidly design, implement and manage Microsoft technologies. NITOR assists clients to accelerate key technology and business processes by providing a wealth of program management and technical expertise to their employees, partners and customers. For more information on NITOR, visit www.nitorsolutions.com

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