Satyam Computer Acquires Bridge Strategy Group

Satyam Computer Services Ltd on January 21, 2008 has announced that it has entered into a definitive agreement to acquire Bridge Strategy Group, a Chicago, III-based management consulting firm. In making the $35 million, all-cash purchase, Satyam significantly reinforces its strategy consulting and business transformation capabilities.Bridge Strategy Group is a highly respected organization that is well known for its exceptional professionals and its acumen in seven key industries, said Satyam Founder & Chairman, B Ramalinga Raju. By absorbing the Company, we gain an immediate influx of 36 brilliant and experienced strategy consultants, most of whom are alumni of the worlds best strategy consulting firms and business schools. We also significantly bolster our ability to provide the entire spectrum of services to global customers. At the same time, Bridge Group clients gain access to Satyams world-class business process and technology skills and global resources.Bridge Strategy, which was founded in 1998, earned $17 million in revenue last fiscal year. It develops profitable growth, operations design, performance improvement, and execution strategies for clients of varying size. It also boasts a strong thought leadership focus, and is committed to helping its clients rapidly improve their business performance.Numerous factors make the acquisition ideal for Satyam, Raju said. The organizations strategy, when purchasing other companies, is to:- Add higher value service offerings- Bridge competency gaps- Enhance leadership capabilities- Add sound and significant customer relationships- Strengthen the brandBridge Strategy does all of the above, he said. With its experts as part of our team, Satyam will deliver superior, end-to-end transformational solutions with even greater speed and efficiency. As we deepen our relationships with longstanding customers, they expect us to provide highly strategic counsel. We are now more able to accommodate that demand.