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Strategy


Satyam: From Implosion to Company Sale?

  • Written by The VAR Guy 1
  • December 29, 2008
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.

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.

The VAR Guy is updated multiple times daily. Don’t miss a single post. Subscribe to his newsletter, RSS and Twitter feed.

Tags: Cloud Service Providers Digital Service Providers MSPs VARs/SIs Strategy

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3 comments

  1. Avatar Raseel December 30, 2008 @ 6:51 pm
    Reply

    Man !! These Satyam folks are screwing-up the Indian IT industry’s name.

  2. Avatar The VAR Guy December 31, 2008 @ 3:53 pm
    Reply

    Update: Satyam’s chairman is trying to restore faith in the company via a letter to employees, reports Bloomberg.

  3. Avatar The VAR Guy January 5, 2009 @ 2:31 pm
    Reply

    Update 2: Satyam appears to be seeking a buyer.

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