US-Based telecommunications equipment manufacturer Motorola Inc, one of
Malaysia's largest investor and employer, has sold its software development
center (SDC) in Malaysia to Satyam Computer Services Ltd, Malaysian media
reported today.
No figures were revealed, but the deal is expected to be completed by Dec.
31, 2008.
Under the deal, Satyam, a leading global consulting and information
technology (IT) services provider, will take over all 128 Motorola employees
along with the unit's assets in Cyberjaya in Malaysian central Selangor state as
part of plans to boost its competitiveness in Malaysia and throughout Asia
Pacific.
Motorola will contract directly with Satyam for development services of its
market-leading network management software.
Motorola employees who join Satyam will have access to Satyam's world-class
training programs and career development opportunities.
The SDC is part of Motorola's home and network mobility business and focuses
on network management system development.
"The strategic transaction between Satyam and Motorola has strengthened
Satyam's value proposition in the telecommunications sector, which is
increasingly becoming more diversified and value-based. The acquisition
springboards us to expand our reach to wider addressable new geographies to
propel greater growth," Satyam head for Asia-Pacific, the Middle East, Africa
and India, Virender Aggarwal said in a statement yesterday.
"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 Motorola corporate vice-president of
software operations and WiMAX and LTE engineering, home and networks mobility,
Sudhakar Ramakrishna.