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Integration of Tech Mahindra, Satyam begins

Integration of Tech Mahindra, Satyam begins
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First Published: Thu, May 28 2009. 12 51 AM IST
Updated: Thu, May 28 2009. 12 56 PM IST
Mumbai: The integration of Tech Mahindra Ltd and Satyam Computer Services Ltd has started, with the sales and finance teams of their business process outsourcing, or BPO, divisions beginning to work together.
The teams are working jointly on bids and proposals for future outsourcing projects, and have been pitching jointly to prospective clients, according to people at the two companies, who didn’t want to be identified.
“The aim of this synergy in operations is to cater to a larger base of clients and offer a wider gamut of services,” said one person.
Industry experts say that consolidation of BPO operations is easier and typically the first integration undertaken after a merger in the information technology industry. Tech Mahindra bought Satyam in April.
Satyam founder B. Ramalinga Raju confessed on 7 January to having doctored the company’s books to the tune of Rs7,136 crore over a period of several years, plunging it into a crisis that led to its eventual sale in a competitive auction.
Raju has since been detained in a Hyderabad jail as multiple authorities investigate the scam.
cnbctv18@livemint.com
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First Published: Thu, May 28 2009. 12 51 AM IST