Mahindra Satyam Acquires Complex IT, Brazil
MUMBAI, INDIA -- (Marketwire) -- 02/15/13 -- Mahindra Satyam, a
leading global consulting and IT services provider, today announced
the acquisition of a majority stake in Complex IT, one-of-the largest
SAP consulting providers in Brazil.
This acquisition will focus on developing solutions for the rapidly
expanding Enterprise Solutions market within Brazil. Mahindra Satyam
and Complex IT will be going to market with proprietary solutions for
large manufacturing, financial and consumer services companies in the
market. This initiative marks another important milestone in offering
Mahindra Satyam's customers a global delivery capability in Latin
"This combination of Complex IT and Mahindra Satyam strengthens our
commitment to the Brazilian market, which is one of the fastest
growing enterprise solutions markets. We look forward to expanding
our market presence and offer global delivery capabilities to our
customers," said Arvind Malhotra, Global Head, Latin America &
Strategic Accounts, Mahindra Satyam.
"The BRICS countries have the potential to achieve a leadership
position in the global economy and we believe that Mahindra Satyam
and Complex IT will contribute significantly to this strategic
vision. The relationship with Mahindra Satyam will mean enhanced
career opportunities for our team, and increased quality of services
to our customers and partners," said Antonio Rossi, Chairman & CEO,
Brazil is the second fastest growing geography globally for SAP AG.
Software revenues for SAP AG grew 20% in the last year. The current
spend on IT by companies in Brazil is approximately US$70B, with
US$36B being spent on services and software. As Brazil gears up to
host FIFA 2014 and the Olympics in 2016, it would only provide an
increased impetus to an already rapidly growing IT services market.
Together, Complex IT and Mahindra Satyam would be well positioned to
combine local expertise with ability to deliver large and complex
projects, in a period of sustained profitable growth for both
About Mahindra Satyam
Mahindra Satyam is a global business consulting and information
technology services company leveraging deep industry and functional
expertise, leading technology practices and a global delivery model
to help businesses transform their processes and improve performance.
The company's professionals excel in enterprise solutions, supply
chain management, client relationship management, business
intelligence, business processes, engineering and product lifecycle
management, infrastructure services, among other services. The
company has development and delivery centres in the United States of
America, Canada, Brazil, the United Kingdom, Germany, France,
Hungary, Egypt, United Arab Emirates, India, China, Malaysia,
Singapore, and Australia and serves numerous clients, including many
Fortune 500 organizations.
Mahindra Satyam along with Tech Mahindra, a leading global systems
integrator and business transformation consulting services provider
to Telecom companies and Telecom Equipment Manufacturers, forms the
IT sector in the USD 15.9 billion Mahindra group. The Mahindra Group
employs more than 155,000 people in over 100 countries and operates
in key industries that drive economic growth, enjoying a leadership
position in tractors, utility vehicles, information technology and
About Complex IT
Complex IT was established in 1998 and today is a very successful SAP
full services provider with more than 500 consultants, and more than
120 active clients. It has in its services portfolio, several
implementation projects and services delivery in large Brazilian
customers, in all industry segments.
Complex IT is based in Sao
Paulo (Headquarter) and offices in Rio de Janeiro and Porto Alegre.
Within the SAP local market, it is one of the top players. The
company is privately held, targeting to expand its participation in
other sectors and locations.
For more information, see www.mahindrasatyam.com
information, see www.complex.inf.br
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Certain statements in this release concerning the future
prospects of Satyam Computer Services Limited ("the Company" or
"Mahindra Satyam") are forward-looking statements. These statements
by their nature involve risks and uncertainties that could cause
Company's actual results differ materially from such forward looking
statements. The Company, from time to time, makes written and oral
forward-looking statements based on information available with the
management of the Company and the Company does not undertake to
update any forward-looking statement that may be made from time to
time by or on behalf of the Company.
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