ADM deal likely to fetch $150 mn in 5 years

Subramanian said that Satyam, by partnering with Cap Gemini and Hewlett Packard, had been offering services and solutions to General Motors (GM) over the last 4-5 years.

Yesterday, GM announced that it had awarded contracts worth $7.5 billion to a number of key tier-1 IT suppliers to provide integration services over the next five years.

This deal is expected to fetch a significant revenue for Satyam as Cap Gemini and HP, who are among the IT suppliers that won the contracts from GM, have agreements with Satyam to carry out application development and maintenance (ADM) projects for GM.

Subramanian said that ADM deal was expected to fetch a revenue of $150 million to Satyam over the next five years.

"We won in all the areas that we competed. We are quite happy over this and the deal will help strengthen and position our leadership in the industry," he added