IT Firms May Court India's Satyam Computer Services

IT Firms May Court India's Satyam Computer Services

A host of private equity firms and global information technology majors are likely to vie for a stake in Satyam Computer Services, as angry investors look for an exit or a change in the Indian outsourcer's management team.

The company has said it will hold a board meeting on January 10 to consider options to improve shareholder value and corporate governance, leading to speculation of a possible stake sale or takeover bid.



Analysts say any acquisition of Satyam, India's No. 4 software IT services exporter, would give access to a profitable company with a cash balance of about $1 billion, a good set of clients such as General Electric and Qantas Airways, and a well trained workforce.