In latest news, iGate CEO, Mr. Phaneesh Murthy, showed his interest in buying Satyam. he mentioned that he was planning on this thought even before Satyam fiasco. At current stage, Satyam will be a very cheap buy and it will give iGate a very good strategic position against other Indian IT companies.
Not to remind anyone that with present in about 66 countries and 54,000 strength of employees, Satyam was India's 4th largest IT company. Phaneesh was involved in growth of Infosys before iGate and believes that he has a good mangement team to handle such a large organisation. Satyam on the other hand currently strugling with lack of management while it has a skilled workforce and a lot of domain expertise to utilize.
With so much strenght and presence in his hand, he can change the face of Indian IT and rewrite the position of IT companies when market situation improves. Watchout this space for more info as the stiuation unfolds:)...
Sunday, January 11, 2009
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