Sometime back we had a post on Satyam's persual of some mega deals and the large sized ambitions of Indian IT Services companies, well here is the first of the announcements:

Satyam Yesterday announced that it has won a $200 million contract from semiconductor equipment manufacturer Applied Materials. "The contract is worth $200 million and will be executed over next five years," Satyam Computer Services senior VP Ramesh Shastri said.

"We believe the Managed Services model, along with service level agreements, is the right approach for Applied Materials," said Ron Kifer, group vice president and chief information officer of Applied Materials. "We expect this model to provide us with a very cost-effective solution for managing IT and business infrastructure processes and activities, as well as measurable service level and quality enhancements. Satyam's mature processes, deep technical capabilities and high level of commitment were the key factors in our decision to engage them in this strategic relationship."

As evidence of its commitment, Satyam has created a dedicated development center for Applied Materials. The facility will be part of Satyam's Electronic City campus at Bangalore.

"We expect the Managed Services approach to become commonplace, and to serve as a model for numerous future engagements with other customers," said B. Ramalinga Raju, Satyam's founder and chairman. "It is an example of how Satyam strives to deliver exceptional value and innovation to its customers. These efforts, as well as our commitment to continuous improvement, are further demonstrated by our establishment of a facility dedicated to Applied Materials."

Source: 1, 2

Prashanth Rai