Satyam Computer buys consultancy, Caterpillar arm

Satyam Computer buys consultancy, Caterpillar arm
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First Published: Mon, Apr 21 2008. 12 06 PM IST
Updated: Mon, Apr 21 2008. 12 06 PM IST
Mumbai: Satyam Computer Services Ltd, India’s No. 4 software-services exporter, said on Monday, 21 April, it had acquired Belgium-based S&V Management Consultants for $35.5 million (Rs142 crore) in an all-cash deal.
The supply-chain management firm services clients in the manufacturing and pharmaceutical industries, it said.
Satyam also acquired construction equipment maker Caterpillar Inc.’s market research and customer analytics operations for $60 million in an all-cash deal, it said in a statement.
Satyam will service Caterpillar’s new product development, customer survey execution and other areas, it said.
“It accelerates development of our business transformation capabilities and enhances our end-to-end business solutions — from strategy on through to BPO.” Satyam chairman B. Ramalinga Raju said in the statement.
Satyam earlier reported an 18.5% rise in quarterly profit on Monday to Rs4.67 billion ($117 million), lagging forecasts, as a slowdown in the United States crimped outsourcing deals.
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First Published: Mon, Apr 21 2008. 12 06 PM IST