ACQUIRES US-BASED CONSULTING FIRM
Hyderabad, January 21, 2008 (IANS)
Computer Services Ltd Monday announced that it has entered into
an agreement to acquire Bridge Strategy Group, a Chicago-based management
consulting firm, for $35 million. Satyam founder and chairman B.
Ramalinga Raju told a news conference here Monday that with this
all-cash purchase, Satyam would significantly reinforce its strategic
consulting and business transformation capabilities.
Strategy, which was founded in 1998, earned $17 million in revenue
last fiscal. It develops profitable growth, operations design, performance
improvement, and execution strategies for clients of varying size.
Bridge Strategy will continue to serve clients in the US, Satyam's
largest and most mature market, its services will be made available
to Satyam clients worldwide via Satyam's advanced global delivery
Strategy Group is a highly respected organisation that is well known
for its exceptional professionals and its acumen in seven key industries,"
absorbing the company, we gain an immediate influx of 36 brilliant
and experienced strategy consultants, most of whom are alumni of
the world's best strategy consulting firms and business schools,"
the current president of Bridge Strategy, will assume the role of
CEO for the unit after the acquisition, and will report to Satyam
co-founder and CEO, Rama Raju, who will also serve as chairman of
Bridge Strategy Group. All current partners and staff are expected
to remain with the unit.
Strategy will operate as a fully owned subsidiary of Satyam, and
maintain its name and brand. Satyam said plans to seamlessly integrate
the firm into Satyam's global network of capabilities are under
way, and initially focus on defining go-to-market strategies and
value proposition and competency development.
a leading global business and information technology services company,
delivers consulting, systems integration, and outsourcing solutions
to clients in 61 countries.