Satyam Computer Services Ltd.

Satyam Computer Services Ltd. is a technology company based in India that offers consulting, business process outsourcing, and information technology services. Client companies cover numerous industries, from aerospace and defense manufacturing to media and entertainment corporations, and are in contact through Satyam's worldwide network that is present in 63 countries across six continents. Celebrating its 20th anniversary in 2008, Satyam is one of India's youngest companies to achieve the success that it has.

Fast Facts

1. Stock symbol: SAY (NYSE)
2. Annual revenue (2007): $2.1 billion
3. Founders: Ramalinga Raju, Rama Raju, Sr.
4. Year established: 1988
5. Industry: Information technology
6. Phone: 91-40-3063-3535
7. Fax: 91-40-2309-7515
8. HQ: Hyderabad, India
9. CEO: Ramalinga Raju
10. CFO: V. Srinivas
11. Staff: 49,200

Key Dates

1. February 23, 1988: Company is founded
2. October, 2007: Announced a collaboration with Cisco Systems to enhance Health Management Solutions
3. November, 2007: Is named the official Information Technology Sevices Provider for the FIFA World Cup tournaments in 2010 and 2014
4. February 23, 2008: Celebrates its 20th anniversary, and is the youngest company in India to earn more than $2 billion in revenue

Satyam and Fox News

Satyam has held as sole-provider contract with the World Bank for enterprise resource planning since 2003. In October, 2008, Fox News Channel reported that the World Bank computer systems had been hacked and a Satyam contractor or contractors was suspected.¹

Fox reported that the World Bank shut down the off shore connection of Satyam. After Fox's report was released, the World Bank refuted the story, saying it was wrong and filled with errors and misinformation based on leaked emails.¹

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Related Pages on Mahalo

Satyam Computer Services Ltd. | World Bank | World Bank Hacked | Fox News Channel | Infosys | Wipro Technologies | Satyam World Bank

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