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Mahindra Satyam inks strategic alliance with MasterCard

30 May 2011 Evaluate

Mahindra Satyam, a leader in global business and information technology has entered into global strategic alliance with MasterCard and announced the establishment of a center of excellence for testing at Kuala Lumpur in Malaysia. The center will provide support for global testing for MasterCard business applications, as well as application development in Java and Business Intelligence.

The company’s Testing Center of Excellence for MasterCard will support the company’s effort around research and development and facilitate global collaboration. Through this collaboration, Mahindra Satyam intends to leverage its proven expertise of testing in credit card functionalities and automated process to enhance the customer and cardholder experience for MasterCard around the world.

Mahindra Satyam registered a loss of Rs 147.30 crore for the year as compared to a net loss Rs 124.60 crore for the previous year. Its income from operation decreased by 9.72% at Rs 3594.30 crore for the year from Rs 3981.10 crore in previous year.

Peers
Company Name CMP
TCS 2090.40
Infosys 1014.20
HCL Technologies 1256.10
Wipro 164.95
Tech Mahindra 1564.60
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