Browse Definitions :
Definition

Mahindra Satyam

WhatIs.com
Follow:

Mahindra Satyam (formerly Satyam Computer Services) is a software services company, owned by Tech Mahindra, part of India’s Mahindra Group. It provides IT consulting, outsourcing, and back-office processing services to global corporations.

Hyderabad-based Satyam Computer Services, established in 1987, was among the top four technology outsourcing companies in India. In early 2009, its founder and then Chairman B. Ramalinga Raju admitted to having committed accounting fraud for years by falsifying Satyam's revenues, profits, cash reserves,and even its employee-count.

The Indian government appointed a three-member committee headed by NASSCOM president Kiran Karnik to oversee the revival of the company and find a suitable bidder for it. In 2010, Tech Mahindra emerged as the successful bidder to acquire a 51% stake in Satyam for Rs 2,890 crore ($518.7 million, approximately).

Satyam has been renamed Mahindra Satyam and is in the process of being merged with Tech Mahindra at the time of this writing.

This was last updated in October 2012

Continue Reading About Mahindra Satyam

Start the conversation

Send me notifications when other members comment.

Register

Please create a username to comment.

-ADS BY GOOGLE

File Extensions and File Formats

SearchCompliance

  • Whistleblower Protection Act

    The Whistleblower Protection Act of 1989 is a law that protects federal government employees in the United States from ...

  • smart contract

    A smart contract, also known as a cryptocontract, is a computer program that directly controls the transfer of digital currencies...

  • risk map (risk heat map)

    A risk map, also known as a risk heat map, is a data visualization tool for communicating specific risks an organization faces. A...

SearchCloudProvider

SearchSecurity

  • access control

    Access control is a security technique that regulates who or what can view or use resources in a computing environment.

  • ethical hacker

    An ethical hacker, also referred to as a white hat hacker, is an information security expert who systematically attempts to ...

  • two-factor authentication (2FA)

    Two-factor authentication (2FA), sometimes referred to as two-step verification or dual factor authentication, is a security ...

SearchHealthIT

SearchDisasterRecovery

  • virtual disaster recovery

    Virtual disaster recovery is a type of DR that typically involves replication and allows a user to fail over to virtualized ...

  • tabletop exercise (TTX)

    A tabletop exercise (TTX) is a disaster preparedness activity that takes participants through the process of dealing with a ...

  • risk mitigation

    Risk mitigation is a strategy to prepare for and lessen the effects of threats faced by a data center.

SearchStorage

  • Flash Storage

    Flash storage is any type of drive, repository or system that uses flash memory to keep data for an extended period of time.

  • optical disc

    An optical disc is an electronic data storage medium that can be written to and read from using a low-powered laser beam.

  • RAID 0 (disk striping)

    RAID 0 (disk striping) is the process of dividing a body of data into blocks and spreading the data blocks across multiple ...

SearchSolidStateStorage

SearchCloudStorage

Close