Satyam Extends Software AG Partnership with New Auto Insurance Claims Processing Framework

Business Wire,  March 6, 2008  

Tags: partnership, Satyam, Software AG

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Satyam, Software AG Strengthen Long-term Partnership

The release follows the November 2007 introduction of a new Order Management and Service Fulfillment process framework for telecommunications providers. When used in conjunction with the webMethods suite, telecoms can leverage this process framework to streamline the provisioning of new accounts with automated fulfillment improving time-to-market while reducing operational costs. Providers have taken advantage of this process framework to reduce the time required to create new service offerings and to manage their very dynamic and often complex product bundles for maximum payback within highly competitive markets. Additional process frameworks for manufacturers are expected to debut later this year.

Satyam was recognized as a 2007 receipt of the Software AG Customer Innovation Award. The company was honored for its New Bangkok International Aiport implementation, where Software AG technology was used to automate airport operations and facilitate the seamless flow of information throughout the facility.

1 Retaining Customers Through Better Claims Management for P & C Insurers [by Stephen Forte (September 20, 2007), Gartner, Inc.]

About Software AG

Software AG's 4,000 global customers achieve measurable business results by modernizing and automating their IT systems and rapidly building new systems to meet growing business demands. The company's industry-leading product portfolio includes best-in-class solutions for managing data, enabling service oriented architecture, and improving business processes. By combining proven technology with industry expertise and best practices, our customers improve and differentiate their businesses - faster. Software AG has more than 38 years of global IT experience and approx. 3,600 employees serving customers in 70 countries. The company is headquartered in Germany and listed on the Frankfurt Stock Exchange (TecDAX, ISIN DE 0003304002 / SOW). Software AG posted total revenues of EU621 million in 2007 (IFRS, unaudited).

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.