Dr. Tarek El-Sadany, Senior Advisor to the Minister of Communications & Information Technology of Egypt for Technology Policies, wants to expand Egypt’s IT industry. He says that Egypt is a great choice for both European countries and the United States: Egypt is GMT +2, so it’s convenient for Europe, and Egypt is closer than India [...]

In a brow-furrowing turn of events, troubled outsourcer Satyam has asked the government to allow it to dismiss its auditor Price-Waterhouse and the government has given permission.  Price-Waterhouse had been checking on Satyam for over eight years, but stepped aside recently when asked to do so by the new government appointed board of Satyam, which [...]

The Indian government has approved a request from the new board of Satyam that the company be sold to the highest bidder, the Wall Street Journal is reporting.  Satyam’s board has already received several bids from suitors interested in purchasing the beleaguered outsourcing company, including Tech Mahindra Ltd, B.K. Modi’s Spice group, the Hinduja Group, [...]

The Economic Times of India (ET) is reporting that big shot Merrill Lynch has had enough of Satyam shenanigans.  The $40 million account is moving to another India company, Tata Consultancy Services (TCS). Merrill Lynch is keeping a tiny portion of its Satyam contract, though, and will not terminate the contract completely.  Satyam’s chairman Kiran [...]

Kiran Karnik is the new chairman of Satyam, appointed by the government for the outsourcing company with a full roster of Fortune 500 companies for clients.
Karnik graduated from the Indian Institute of Management and was the president of Nasscom, a global trade body based in India with more than 1200 members.
Satyam has secured bank loans [...]

Beleaguered outsourcer Satyam has been working to become the go-to organization for WHO, the World Health Organization, controlling its Staffing, procurement, and a great deal of the rest of that entity’s operations, according to a report by Fox News. But Satyam’s relationship with WHO has been fraught with missed deadlines, bungled testing, and overbudget expenses, [...]

Reuters reports that Satyam gained some fifteen new outsourcing contracts last month. This was despite the news that Satyam’s founder cooked the books to make it look like the company was doing better than it actually was, and in addition to Satyam’s claims that very few of its existing clients were opting to back out [...]

Dow Jones Newswire is reporting that The Hinduja Group is the latest to come courting with offers to purchase Satyam, whose founder is in jail on charges that he falsified records, creating  “fictitious” profits that existed only on paper.
“There are a lot of synergies between Satyam’s business process outsourcing business and our information technology arm, [...]

B. Ramalinga Raju is nothing if not imaginative. He wanted John Deere’s business so badly, he told them that if they didn’t like it, they didn’t have to pay for it. Then he proceeded to do a mock outsourcing setup to show Deere executives that he could serve them well, all the way from India. [...]

The Reuters news service is reporting that China’s smallish outsourcing industry may begin making strides to catch up with India’s booming outsourcing business. “If you really want to jump start the growth, if you want to grow double or triple … don’t miss a huge opportunity here,” Alex Peng, a partner in the McKinsey consulting [...]