Mahindra Satyam and MasterCard Announce Global Strategic Alliance
Mahindra Satyam establishes Center of Excellence for MasterCard.
- (1888PressRelease) June 01, 2011 - Hyderabad, India - Mahindra Satyam, a leading global consulting and IT services provider, and MasterCard®, today announced the establishment of a Center of Excellence for testing in Kuala Lumpur, Malaysia. The center will provide support for global testing for MasterCard business applications, as well as application development in Java and Business Intelligence.
"At MasterCard®, our focus as a company is to deliver innovative products and solutions for our customers and cardholders, and we look for the best organizations to help us deliver on this commitment," said Sheryl Andrasko, Group Executive, MasterCard® Worldwide. "We believe that working with Mahindra Satyam will enable us to continue deliver on these goals to meet the global needs of these key stakeholder groups." she continued.
Mahindra Satyam's Testing Center of Excellence for MasterCard® will support the company's efforts around research and development, and facilitate global collaboration.
"Establishing this Center of Excellence connotes the beginning of a valued relationship with MasterCard®" said Lakshmanan Chidambaram, Senior Vice President - Sales & Operations, Mahindra Satyam.
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.
About MasterCard® Worldwide:
As a leading global payments company, MasterCard Worldwide prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere. MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. In 2010, $2.7 trillion in gross dollar volume was generated on its products by consumers around the world. Powered by the MasterCard Worldwide Network - the fastest payment processing network in the world - MasterCard processes over 23 billion transactions each year and has the capacity to handle 160 million transactions per hour, with an average network response time of 130 milliseconds and with 99.99 percent reliability. MasterCard advances global commerce through its family of brands, including MasterCard®, Maestro®, and Cirrus®; its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as MasterCard PayPass™ and MasterCard inControl®. MasterCard serves consumers, governments, and businesses in more than 210 countries and territories.
For more information, please visit us at www.mastercard.com.
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About Mahindra Satyam
Mahindra Satyam is a leading global business and information technology services company that leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance.
The company's professionals excel in enterprise solutions, supply chain management, client relationship management, business intelligence, business process quality, engineering and product lifecycle management, and infrastructure services, among other key capabilities.
Mahindra Satyam is part of the $11.1 billion Mahindra Group, a global industrial federation of companies and one of the top 10 business houses based in India. The Group's interests span automotive products, aviation, components, farm equipment, financial services, hospitality, information technology, logistics, real estate and retail.
Mahindra Satyam IMS is a leader in offering innovative and transformational infrastructure services to enterprises helping them build and manage their IT infrastructure more efficiently and effectively.
Mahindra Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve numerous clients, including many Fortune 500 organizations.
For more information, see www.mahindrasatyam.com
Follow us on Twitter: http://twitter.com/mahindra_satyam
For clarifications, write to us at: MediaRelations ( @ ) mahindrasatyam dot com
Safe Harbor
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forwardlooking statements. Mahindra Satyam undertakes no duty to update any forward-looking statements.
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