Offerings and Efficiency in Delivering Outsourced Innovation
HYDERABAD, India and SANTA ANA, Calif., Sept. 10 /PRNewswire-FirstCall/ -- Satyam Computer Services Ltd. (NYSE: SAY), a leading global consulting and information technology services provider, announced today that it has extended its strategic alliance with MSC.Software Corporation (NASDAQ: MSCS), a leading global provider of enterprise simulation solutions, including simulation software and services. The extended agreement calls for Satyam to provide specific service offerings in support of the company's SimEnterprise solutions, including MD Nastran, SimManager and SimXpert to global discrete manufacturing customers.
These MSC solutions allow aerospace and industrial manufacturing companies to achieve improved product development efficiencies, accelerate new product introductions and reduce time-consuming redesign cycle periods from weeks to just days.
"Our initial agreement with MSC.Software provided such value for our discrete manufacturing customers, that we elected to expand our relationship with a more comprehensive set of enterprise simulation services and provide customers even greater business value," said Dr. TSK Murthy, Satyam's Global Head of Engineering. "By expanding the alliance to include the company's new, robust products, Satyam will provide a managed simulation environment that automates processes, manages data pedigrees, is fully scalable, and captures and reuses best practices. The result of all of these attributes will be more accurate and efficient analysis for our customers."
"We are pleased to partner with Satyam to bring these SimEnterprise service offerings to the global marketplace," said Frank Kovacs, Vice President, Global Partners and Alliances, MSC.Software. "Satyam's unique combination of deep CAE skills and PLM expertise, combined with our SimEnterprise products, provide immediate, tangible business benefits for both company's clients."
Satyam (NYSE: SAY), a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20* industries and 66* countries.
Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company's 51,643* professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.
Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 670* clients, including more than one third of the Fortune 500. For more information, see www.satyam.com.
*As of June 30, 2008
About MSC Software
MSC.Software (NASDAQ: MSCS) is the global leader of enterprise simulation solutions, that help companies make money, save time and reduce costs associated with designing and testing manufactured products. MSC.Software works with thousands of companies in hundreds of industries to develop better products faster by utilizing information technology, software, services and systems. MSC.Software employs 1100 people in 23 countries. For additional information about MSC.Software's products and services, please visit www.mscsoftware.com.
Satyam Contacts For clarifications, write to us at: MediaRelations@Satyam.com Or contact our PR representatives: India Deepa Jayaraman, email@example.com +91-981-980-8681 Ajith Henry, firstname.lastname@example.org +91-982-081-4870 US James Swords, email@example.com +1-703-877-2225 Europe Sandeep Thawani, firstname.lastname@example.org +44-783-010-3838 Asia-Pacific Dan Bleakman, email@example.com +61-439-408-484 Reshma Wad Jain, firstname.lastname@example.org +65-98-140-507 MSC.Software Media Contact: Jennifer Brannon Senior Manager, Public Relations (714) 445-3119 email@example.com
Satyam Safe Harbor
This press release contains forward-looking statements within the meaning of section 27A of Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward- looking statements. Satyam undertakes no duty to update any forward-looking statements. For a discussion of the risks associated with our business, please see the discussions under the heading "Risk Factors" in our report on Form 6-K concerning the quarter ended June 30, 2008, furnished to the Securities and Exchange Commission on July 25, 2008, and the other reports filed with the Securities and Exchange Commission from time to time. These filings are available at http://www.sec.gov.
MSC Safe Harbor
The MSC.Software corporate logo, Adams, Dytran, Easy5, Laminate Modeler, Marc, MD Adams, MD Nastran, MD Patran, Mentat, MSC, MSC MasterKey, MSC Nastran, Mvision, Patran, SimDesigner, SimEnterprise, SimManager, SimOffice, SimTemplate, SimXpert and Sofy are trademarks or registered trademarks of the MSC.Software Corporation in the United States and/or other countries. NASTRAN is a registered trademark of NASA. All other trademarks belong to their respective owners.