Satyam eyes $75 mn from pact with Nestle

Satyam has signed a three-year agreement with Nestle. The company is partnering with Nestle to roll out a global template across 85 countries worldwide.
The IT bellwether expects to generate revenues of around $75 million over next three years from this contract.
New York-listed Satyam said it would provide services ranging from software development, maintenance and support to infrastructure management.

"As a result of this agreement, the number of Satyam consultants working for Nestle is expected to grow close to 500 over the next year," it said.

Satyam Technologies has now found place in the Information Technology 100, BusinessWeek's ranking of the top tech performers in the world.

The IT major is a top ranker among the top IT 100 companies of the world, according to the financial data from Standard & Poor's Compustat.

The company’s revenue have grown beyond USD 300 million over the past 2-years