Satyam signs MoU with Victoria University, Australia

Hyderabad:
10 June 2005

Hyderabad: Satyam Computer Services (NYSE:SAY) and Victoria University (VU) have signed a memorandum of understanding (MoU) to boost opportunities for both Victorian ICT students and businesses.

B Rama Raju, co-founder and managing director of Satyam, was present during the signing of the agreement along with Marsha Thomson, the minister for information and communication technology, Victoria.

B Rama Raju said: "The new alliance will enable up to ten VU students to undertake a software development internship with Satyam each year. We are also set to annually recruit up to 20 software engineers from the university to undergo a three months training course in India and China."

The alliance also paves the way for the parties to carry out joint research projects as well as creating the opportunity for VU to nominate Satyam executives to deliver guest lectures to ICT students on subjects that represent core competencies within the company.

"On successful completion of the training, the students will be allocated to projects either in Melbourne, or one of our other 46 locations around the world," Raju said.

Thomson said the alliance with Satyam is a major coup for Victoria, " The Memorandum of Understanding signed between Satyam and VU today will provide excellent global opportunities for Victorian ICT students that will have a direct flow-on effect to our local industry," she said.