
Motorola and Satyam Computer Services Ltd announced that Satyam has acquired 128 Motorola employees. This acquisition will create synergies and boost their competitiveness in Malaysia and throughout the Asia-Pacific region. Motorola will divest from its software development center (SDC) in Cyberjaya. All 128 employees along with the unit’s assets will shift to Satyam.
The SDC is part of Motorola’s Home and Networks Mobility business and focuses on network management system development. “This strategic acquisition will integrate and strengthen Satyam’s product engineering services to network equipment providers and operators in the areas of element management, mobile solutions and access networks,” said Nishith Mathur, head of Satyam’s Technology Infrastructure business unit.
“This is a unique effort that will continue to drive Motorola’s strategy in Malaysia, will strengthen our competitive position, and improve cost structure and operational efficiencies,” said Sudhakar Ramakrishna, corporate vice-president, software operations and WiMAX and LTE engineering, home and networks mobility.
When the deal is closed, subject to regulatory and other customary conditions, and completed by December 31, 2008, Motorola will contract directly with Satyam for development services of its market-leading network management software.
“This partnership reinforces the promise of the Cyberjaya Multimedia Super Corridor to attract new and dynamic research and development ecosystems,” said Virender Aggarwal, head of Satyam’s rest of the world region. “In fact, Satyam is developing a 15-acre campus in the Super Corridor, which will create both operational efficiencies for related development projects and career opportunities for our new employees and many other people in area.”
... contd.