Satyam bags large contracts from FIFA

Satyam Computer Services Ltd said on Tuesday it had signed two multi-million dollar contracts with FIFA to provide technical support for major events of the world soccer body.

"This is the start of long-term relationship that will see Satyam working closely with FIFA over the next few years," FIFA's head of information technology solutions, Michael Kelly, said in a statement issued by Satyam.

Satyam said the contracts with FIFA include development of an event management system। At 0802 GMT Satyam's shares were up 1।2 per cent at Rs 484.50, while the Mumbai market's IT index was up 0.2 per cent. The benchmark index was up 0.9 per cent.

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