Satyam To Invest Rs 380 Cr In Overseas Buys

Business-standard reports that Satyam Computer Services is investing over $95 million (around Rs 380 crore) in a couple of acquisitions abroad, as part of its expansion plans to diversify its revenue base.
The company has entered into an agreement with Caterpillar Inc, the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines.
The deal for Satyam to acquire Caterpillar’s market research and customer analytics (MR&CA) intellectual property and assets is $60 million (Rs 240 crore).
Satyam will also launch a business unit to provide MR&CA solutions and services globally to Caterpillar and its customers in various industries.

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