Business Services Industry

Workstream and Satyam Partner to Drive Talent Management Adoption in Global 2000 Organizations

Business Wire, Feb 5, 2008

World-Class System Integrator to Support Deployment of Enterprise-Class Talent Management Solutions

BURLINGAME, Calif. -- Workstream Inc. (NASDAQ: WSTM), a leading provider of on-demand compensation, performance, and talent management solutions, today announced a strategic alliance with Satyam Computer Services, Ltd. (NYSE: SAY), a leading business and information technology services provider. The companies have begun an aggressive sales and marketing initiative that will accelerate adoption of Workstream's talent management solutions by Global 2000 organizations across North America. Satyam's implementation strength, combined with Workstream software solutions, will enable customers to deploy talent management quickly and efficiently throughout the enterprise, helping to drive the maximum positive impact on workforce productivity.

"Our partners like Satyam continue to be an important source of new business and support for Workstream," said Deepak Gupta, CEO for Workstream. "Many of our recent Global 2000 customer wins have come as a result of Workstream's commitment to developing this aspect of its business. Partnerships with leaders like Satyam provide customers a powerful end-to-end solution for talent management, while extending and enhancing the Workstream brand globally."

"Within Satyam, there has always been a clear focus on consulting, domain expertise and solutions that address the needs of large, complex organizations," said Joseph Lagioia, Global Consulting Head and Senior Vice President, Satyam Computer Services Ltd. "Satyam has a focused Workforce Management practice to address customer needs in the growing talent management space. Combined with Workstream's TalentCenter solution suite, which provides a unique on-demand platform with a modern and modular architecture, we can deploy integrated talent management solutions for Global 2000 customers quickly and successfully."

About Satyam

Satyam (NYSE: SAY), a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20* industries and 61* countries.

Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company's 49,199* professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.

Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 630* clients, including more than one third of the Fortune 500. For more information, see www.satyam.com.

*As of Dec. 31, 2007

About Workstream

Workstream provides on-demand compensation, performance and talent management solutions and services that help companies manage the entire employee lifecycle - from recruitment to retirement. Workstream's TalentCenter provides a unified view of all Workstream products and services including Recruitment, Performance, Compensation, Development and Transition. Access to TalentCenter is offered on a monthly subscription basis under an on-demand software delivery model to help companies build high performing workforces, while controlling costs. With offices across North America, Workstream services customers including Chevron, Kaiser Permanente and Wells Fargo. For more information visit www.workstreaminc.com or call toll free 1-888-221-4005.

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of Workstream's management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: inability to grow our client base and revenue because of the number of competitors and the variety of sources of competition we face; client attrition; inability to offer services that are superior and cost effective when compared to the services being offered by our competitors; inability to further identify, develop and achieve success for new products, services and technologies; increased competition and its effect on pricing, spending, third-party relationships and revenues; as well as the inability to enter into successful strategic relationships and other risks detailed from time to time in filings with the Securities and Exchange Commission.

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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