IFS Enters into Strategic Global Partnership with Mahindra Satyam

ITASCA, ILL.--(BUSINESS WIRE)--IFS, the global enterprise applications company, today announced that it has partnered with Mahindra Satyam, a leading global consulting and IT services provider, for joint sales and marketing activities around the IFS Applications software suite as well as staff training.

“We see great opportunities in the partnership with IFS, especially given their success over the last years. IFS’s consistent performance and impressive list of world-renowned customers make them an ideal partner. We look forward to a long and mutually beneficial partnership as we continue to develop new opportunities together.”

The agreement covers joint marketing, including sponsorship of the 2012 IFS World Conference, which will be held in October in Gothenburg, Sweden. The companies will cooperate on a number of key market opportunities and are already working together on a number of large projects.

Alastair Sorbie, CEO of IFS said “We are pleased to announce the global partnership with Mahindra Satyam. Developing our partner ecosystem is a key part of our global strategy and increases our execution capabilities. Mahindra Satyam’s industry focus and experience is a perfect match for IFS, as is the company’s dedication to providing service excellence to their customers. Combining IFS’s leading-edge technology with their domain knowledge and global coverage enhances our offering to new and existing customers.”

Commenting on the occasion, C P Gurnani – CEO of Mahindra Satyam said “We see great opportunities in the partnership with IFS, especially given their success over the last years. IFS’s consistent performance and impressive list of world-renowned customers make them an ideal partner. We look forward to a long and mutually beneficial partnership as we continue to develop new opportunities together.”

About Mahindra Satyam

Mahindra Satyam is a global business consulting and information technology services company leveraging deep industry and functional expertise, leading technology practices and a global delivery model to help businesses transform their processes and improve performance. The company's professionals excel in enterprise solutions, supply chain management, client relationship management, business intelligence, business processes, engineering and product lifecycle management, infrastructure services, among other services.

The company has development and delivery centres in the United States of America, Canada, Brazil, the United Kingdom, Germany, France, Hungary, Egypt, United Arab Emirates, India, China, Malaysia, Singapore, and Australia and serves numerous clients, including many Fortune 500 organizations.

Mahindra Satyam is part of the USD 15.4 billion Mahindra Group. The Mahindra Group employs more than 144,000 people in over 100 countries and operates in key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow. In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.

For more information, see http://www.mahindrasatyam.com/

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Safe Harbor

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Mahindra Satyam undertakes no duty to update any forward-looking statements.

About IFS

IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite built on SOA technology. IFS focuses on industries where any of four core processes are strategic: service & asset management, manufacturing, supply chain and projects. The company has 2,000 customers and is present in approximately 60 countries with 2,800 employees in total. For more information about IFS, please visit: www.IFSWORLD.com