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Nestle extends offshore IT deal with Satyam

By Andy McCue , Silicon.com on June 28, 2007 

 

Summary

The three-year extension follows a deal signed in 2004 and will contribute to the US$75 million revenues the Indian IT services provider expects from the partnership.

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Food and drinks giant Nestle has signed a three-year extension to its US$75 million IT outsourcing contract with Indian company Satyam.

Nestle originally signed a three-year deal with Satyam in 2004 for SAP application support for the company's 'Globe' project--one of the world's largest global SAP rollouts.

The US$2.4bn Globe project is aimed at standardizing the way Nestle does business around the world by building a single SAP system for procurement, distribution and sales management across 500 factories in 85 countries.

Satyam's role was initially to provide custom development work around mySAP and the interface to Nestle's legacy applications.

As part of the Nestle deal Satyam provides a dedicated offshore software development center in Bangalore and a disaster recovery facility in Hyderabad, with a team of 350 tech staff. That figure will rise to 500 over the next year on the back of this contract extension.

The exact value of the deal extension has not been disclosed but Satyam said it expects revenues from the overall deal--including the original contract in 2004--to total around US$75 million.

Andy McCue of Silicon.com reported from London.

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