The FINANCIAL — Motorola and Satyam, a leading global consulting and information technology services provider, announced on November 10 that Satyam has acquired 128 employees of Motorola.
This acquisition will create synergies and boost their competitiveness in Malaysia and throughout 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.
According to Motorola, 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 it is subject to regulatory and other customary conditions, but should be 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.”
Motorola employees who join Satyam will immediately have access to Satyam’s world-class training programs and they will gain exceptional career development opportunities.
“These Motorola professionals are steeped in capabilities that are in high-demand all over the globe,” Aggarwal said. “As such, they represent a very valuable group for our organization. We are always trying to increase our skills in strategic areas, and this agreement helps us in that regard significantly.”
For its part, Motorola is committed to delivering on customers’ expectations without disruption or distraction. “The Software Development Center provides significant efforts for both internal programs important to customer deliverables and for external Motorola’s global customers. Our commitment to those programs remains strong,” Ramakrishna said.