Hyderabad, Apr 29: Satyam Computer Services Ltd today announced it had signed a framework agreement with ArcelorMittal as one of the only two global IT services providers to consolidate sub-contractors' activities.
This agreement will focus on enhanced application support, cost advantages, reduced vendor management overhead, dependable partnership for future enhancements and IT convergence initiatives for ArcelorMittal, according to a press release here. Satyam will share a significant portion of approximately 70 per cent of the currently subcontracted activities in this initiative.
Satyam will deliver these services in combination with ArcelorMittal's European partners. The Framework Agreements will be valid till 2011.
In a statement, Satyam Computer Services Ltd Director and Senior VP Subu D Subramanian said, ''Satyam is delighted to partner with ArcelorMittal on the critical transformation initiative of their ITSWE (Information Technology Services Western Europe).
''ArcelorMittal has been a valued customer for Satyam since 2003.
This large deal provides Satyam a very significant opportunity to serve ArcelorMittal with integrated process and technology solutions, leveraging our industry domain expertise and solution architecting capabilities,'' he added.