Satyam Broadens GE Pact In Alliance (SAY, GE)

By Douglas A. McIntyre Published May 20, 1:08PM EDT

Follow 24/7 Wall St. on Google

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Satyam Computer Services Ltd. (NYSE: SAY) has partnered with General Electric Co. (NYSE: GE) unit GE Healthcare to support customers deploying healthcare IT solutions based on GE Centricity Enterprise software.

The companies will jointly plan, design, and implement infrastructures for global healthcare providers of all sizes, from small clinics to large hospitals, and they will perform
application integration and tailor solutions for providers.

Satyam will be the first global systems integrator to start enrolling consultants in new GE Healthcare certification exam programs for Centricity Enterprise Software in the fourth quarter of 2008.

Satyam is one of the largest India-based outsource operations for global consulting and information technology services. Normally, single contracts and ventures are one-off items for companies the size of Satyam. But scoring GE Healthcare when it wants to expand its reach is likely a larger deal than most. The companies have already worked with each other in the Middle East and India.

As far as wondering the size of Satyam now, it lists 51,127 people as its professionals. On a weak day like today, Satyam shares are still down over 1.8% at $25.86; its 52-week trading range is $20.02 to $30.89.

Unfortunately, it doesn’t look financial terms of this alliance were not disclosed.

Jon C. Ogg
May 20, 2008

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.