Register to Subscribe



Home arrow News arrow Mergers and Acquisitions arrow Satyam Acquires Caterpillar Market Research & Customer Analytics
Satyam Acquires Caterpillar Market Research & Customer Analytics Print E-mail
Written by Vijay   
Tuesday, 22 April 2008
Mumbai: Satyam Computer Services Ltd has announced that the Company and Caterpillar Inc. the worlds leading manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines, have agreed to terms for the sale of Caterpillar's Market Research and Customer Analytics (MR&CA) operations. The deal calls for Satyam to acquire Caterpillar's MR&CA intellectual property and assets for $60 million.

Satyam will also launch a business unit to provide MR&CA solutions and services globally to Caterpillar and to its other customers in various industries.

The acquisition will strengthen Satyam's relationship with Caterpillar. Satyam will now support Caterpillar in segmentation, promotions, forecasting, new product development, service, validation, and customer survey execution, among other areas.

"We were honored to be named one of Caterpillar's few strategic partners in 2005, and this acquisition further demonstrates the trust both organizations have in each other," said Satyam Chairman B Ramalinga Raju. "It also accelerates development of our business transformation capabilities and further enhances our end-to-end business solutions- from strategy on through to BPO. It is a significant step in our march toward becoming true business transformation partners with our customer."

Caterpillar's MR&CA IP and assets will complement Satyam’s business consulting capabilities, deep industry knowledge, and market research processes, enhancing Satyam's offerings in these areas and enabling it to establish itself at the forefront of the substantial KPO market, According to a NASSCOM study, the KPO industry will reach US$17 billion by 2010, with India accounting for about $12 billion. Market research and analytics—tools and processes internet in organizations’ strategic planning - will constitute about 25 percent of that sum. Satyam is well positioned, thanks to the acquisition, to offer these strategic services to the greater marketplace, a step in line with its objectives to transform its clients’ businesses.

To accommodate Caterpillar's MR&CA requirements, as well as those of other organizations, Satyam will launch innovation centers in India, Europe, North America, Latin America and Asia Pacific. These facilities will enable Satyam to provide a full suite of innovative services—specifically, the gathering, storing, accessing, and analyzing of data to global companies in manufacturing, financial services, healthcare, telecommunications, and other industries.

 
Related news
More recent
Earlier on
< Prev   Next >

Sponsors

Mazak - The world's largest machine tool builder
JYOTI - India's most dynamic machine builder
TaeguTec - Cost effective tooling solutions
Advertisement

<< SHARE

Social

AD

Subscribe

Subscribe to MACHINIST by Email

Search

 
RSS 1.0
© 2019 MACHINIST
This site is best viewed with Firefox 2.0 or higher at a minimum screen resolution of 1024x768