Satyam Computer doubles Singapore Office

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Singapore, Sep 13 (UNI) Indian software services firm Satyam Computer Services has said it is expanding its presence in Singapore and adding on a new 10,000 sq ft office space, effectively doubling its floor space in the region.

The new office in Changi Business Park will serve as the company's Global Innovation Hub and will be involved in research and development (R&D) work such as radio frequency identification and data analytics.

''More staff will be hired as part of expanding from the current Singapore workforce of 450. The Changi office has room for 100 staff,'' company's Chairman Ramalinga Raju said, but declined to reveal the number of people to be hired in Singapore.

Globally, Satyam plans to add 10,000 new positions, expanding further from the 43,000 staff it already has, said Mr Raju, who was this week in Singapore visiting the Satyam's regional headquarter covering Asia Pacific, the Weat Asia and African markets.

The existing 10,000 sq ft office in the financial district of Raffles Place will be maintained for operations.

Satyam has also been trying to build up revenues from markets outside the United States in recent years, as a ''risk mitigation'' measures to reduce the company's dependence on the American market, said Mr Raju in a report by the Straits Times today.

The US accounted for about 58 per cent of Satyam's 452.3 million dollar revenue for its financial quarter ended June, down from about 80 per cent about five years ago.

UNI

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