Norwest ties up Satyam
Hyderabad: Norwest Venture Partners (NVP) has entered into an alliance with Satyam Computer Services for providing next generation technology to enterprises in the United States, Europe and in other parts of the world. Norwest Venture Partners plan to tap enterprises who are in the process of changing their business model to shun cost-cutting for competitive edge along with companies like Satyam.

Norwest was recently named the No. 1 venture capitalist by Forbes magazine. The company feels there was a lot of potential for Indian entrepreneurs to raise venture capital if they adopted the 'hybrid' model of having their front offices in the US and their back office operations in India, to leverage the availability of talent in India. The cost advantage that Indian companies have at the moment will not be there forever. Other Asian countries like China are fast catching up and Indian companies have to change to be competitive," he said.
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