Satyam: From Implosion to Company Sale?
Strange: Most IT consulting blogs have overlooked or ignored Satyam‘s recent meltdown. The Indian IT outsourcing firm imploded earlier this month after a botched acquisition involving company insiders. But the story doesn’t end there.
Now, the latest reports have IBM, Accenture or Cap Gemini stepping in to potentially bid on Satyam, reports Barron’s Tech Trader Daily blog (one of The VAR Guy’s favorite reads).
Confidentially, The VAR Guy did some work for Satyam in the 2004 or 2005 timeframe. It wasn’t a fun engagement. At all. There was always something just a little disfunctional about the company.
Apparently, the disfunction stretches all the way into Satyam’s board room, where four independent directors have resigned ahead of a critical meeting, according to The Economic Times.