Satyam Partners with K2 to Deliver Business Efficiency Solutions


12/8/2008

Collaboration delivers cost efficiences and error reduction

HYDERABAD, India, and REDMOND, Wash. - Satyam Computer Services Ltd. (NYSE: SAY), a leading global consulting and information technology services provider, announced that it has entered into a partnership with software maker K2 to provide end-to-end business process management solutions (BPM) on Microsoft platforms. K2 is a U.S.-based company that delivers workflow and BPM solutions based on its K2 blackpearl and K2 blackpoint software. Satyam will also engage with K2 on go-to-market activities to promote software adoption and sales.

As organizations increasingly streamline business operations to remain competitive, processes need to become customer-centric and highly responsive to change. BPM provides that flexibility, while enabling convergence of people, process and technology.

“This partnership will benefit customers of both companies,” said Sriram Krishnan, Head of Content and Process Management at Satyam. “K2’s robust products, combined with Satyam’s BPM consulting and implementation services, will deliver operational cost savings, error reduction and improvement for organizations throughout the world and in numerous industries, including energy, finance, healthcare, manufacturing, telecommunications and insurance.”

K2 blackpearl is a comprehensive BPM suite that enables Microsoft users to build process-driven applications with visual, familiar tools. Its applications can be set up to automate and manage practically any type of business processes, or pull together business processes, human resources, services, information and systems into a single application. As a result, companies can streamline operations, reduce IT costs, improve responsiveness, minimize risk and make better business decisions.

“The combination of Satyam’s experience in collaboration, enterprise content management and business process solutions, along with the power of K2 blackpearl, K2 blackpoint and our K2 connect for SAP offering, enables a new class of applications for our customers,” said Dave Marcus, vice president of global alliances for K2.”

In 2009, Satyam will develop a Center of Excellence (CoE) in Chennai, India, that will ensure timely support, delivery and governance of K2–based solutions. Professionals at the facility will develop frameworks and methodologies using K2’s SmartObject (i.e., reusable business entity) technology, which will result in better decision making, routing and reporting based on 360-degree visibility across line-of-business systems.

About Satyam
Satyam (NYSE: SAY), a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20* industries and more than 65* countries.
 
Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company’s 52,865* professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.
 
Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 690* clients, including 185* Fortune 500. For more information, see www.satyam.com.
*As of September 30, 2008

About K2 (www.k2.com)
The K2 software platform is for delivering process-driven applications that improve business efficiency. Visual tools make it easy for anyone to assemble reusable objects into applications that use workflow and line-of-business information.
 
K2-based solutions are deployed by a growing number of the global Fortune 100. K2 is a division of SourceCode Technology Holdings, Inc. based in Redmond, Washington, and has offices all over the world.

K2 Media Contact
Dave Marcus
425-883-4200
dave@k2.com