Motorola Sells Malaysian R&D Centre to Satyam
Malaysian based IT service provider, Satyam has aquired the assets of Motorola's software development center (SDC) in Cyberjaya, including its 128 staff. The SDC is part of MotorolaÃ's Home and Networks Mobility business and focuses on network management system development.
"This is a unique effort that will continue to drive MotorolaÃ's strategy in Malaysia, will strengthen our competitive position, and improve cost structure and operational efficiencies," said Sudhakar Ramakrishna, Corporate Vice President, Software Operations and WiMAX and LTE Engineering, Home and Networks Mobility.
When the deal is closed it is subject to regulatory and other customary conditions, but should be completed by December 31, 2008. Motorola will contract directly with Satyam for development services of its network management software.
"This partnership reinforces the promise of the Cyberjaya Multimedia Super Corridor - to attract new and dynamic research and development ecosystems," said Virender Aggarwal, Head of SatyamÃ's Rest of the World Region. "In fact, Satyam is developing a 15-acre campus in the Super Corridor, which will create both operational efficiencies for related development projects and career opportunities for our new employees and many other people in area."
"These Motorola professionals are steeped in capabilities that are in high-demand all over the globe," Aggarwal said. "As such, they represent a very valuable group for our organization. We are always trying to increase our skills in strategic areas, and this agreement helps us in that regard significantly."
Posted to the site on 10th November 2008
