Date:04/11/2009 URL: http://www.thehindubusinessline.com/2009/11/04/stories/2009110450910400.htm

Mahindra Satyam, Saab in pact

Mumbai, Nov. 3

Mahindra Satyam will partner with Sweden-based Saab to develop the latter’s operations in India for the global defence and homeland security market. The two companies have initiated the establishment of a Centre of Excellence for Network Centric Warfare, which will offer skills and a repository of tools, systems, middleware, integration platforms and system showcases in the field of NCW. Financial details of the deal were not disclosed. The Satyam stock was down by 3 .18 per cent to close at Rs 98.95 on the BSE on Tuesday.

— Our Bureau