Satyam Computer Services, Ltd. (NYSE:SAY), the leading global consulting and IT services company, announced today that it has launched its 100-seater development center in the Guangzhou Software Park, China.  The 500 sq. m. state-of-the-art facility is designed to scale up to 1000 employees by 2008 end.

Earlier this year, an agreement to this effect was signed in the presence of Zhang Guangning, the mayor of Guangzhou, and B Rama Raju, co-founder and chief executive officer of Satyam. The development center will serve as a nearshore set-up for Satyam’s customers based out of Hong Kong and Japan.

Commenting during this event, Virender Aggarwal, director and senior vice president, Satyam APAC and MEIA said, “China is strategic to our Asia Pacific operations and the launch of the Guangzhou development center further fortifies our commitment to the Chinese market. Sound infrastructure, the availability of rich technical resources and a dynamic business environment made Guangzhou best-poised for our third development center in the country. With the middle kingdom emerging crucial in our North American de-risking plan, we are exploring all possibilities to ramp-up operations in China.”

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