SAAB gives estimated $400 million software contract to Indian IT firm, Mahindra Satyam

  • 12:00 AM, November 4, 2009
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Indian IT services firm Mahindra Satyam today announced that it has entered into a tie-up with defence and security company SAAB to develop its operations in India for the global defence and the homeland security market. Though the financials of the deal were not announced, the deal is worth $400 million ,according to media reports. Mahindra Satyam and SAAB have already initiated the setup of a Centre of Excellence for Network Centric Warfare (CoECoE–NCW), which will offer comprehensive skills and repository of tools, system, middleware, integration platforms and system showcases in the field of NCW, said a press release. This will be a development centre for mission-critical applications and C4I (Command, Control, Communications, Computers, and Intelligence) solutions for global opportunities accessible to either of the partners. On the collaboration, Ake Svensson, president and CEO of SAAB said, "We view the relationship with Mahindra Satyam as a strategic meeting of two highly skilled teams in technical and engineering excellence". Anand Mahindra, vice chairman and managing director of Mahindra Group said, "This collaboration is a strategic step towards synergizing Mahindra Satyam's unique strengths in mission critical systems, ERP, engineering services, avionics and integration and Mahindra Systech's manufacturing capabilities and engineering excellence".