Business Today

Mahindra Satyam gets contract from Irda

The company will implement business software which will help the insurance regulator cut costs and help manage payrolls, self-service portals and accounts among others.

twitter-logoPTI | November 14, 2010 | Updated 14:52 IST

Information Technology firm Mahindra Satyam on Thursday said it has received an order from Insurance Regulatory and Development Authority (Irda) to implement software solution in the organisation that will help manage accounts and payroll related services.

The company will implement business software which will help Irda to cut cost and help manage payrolls, self-service portals, accounts and provide post-implementation support, Mahindra Satyam (earlier Satyam Computer Services) said in a filing to the Bombay Stock Exchange.

However, the company did not disclose the financial details of the contract.

"We look forward forward to helping Irda deliver fast, accurate business decisions and provide exceptional value to its numerous employees more effectively," Senior Vice-president (Business Head - Middle East, Africa & India) Dilip Jha said.

In another filing to BSE, the company said it has establish Windows Azure Center of Excellence (CoE) in partnership with Microsoft. It will enable the company to build competency on cloud based services.

Cloud computing is internet-based processing, whereby shared resources, software, and information are provided on demand to the customers.

"Microsoft's Azure is a powerful web-based platform that offers a unique opportunity for our partners to extend and create services and solutions offering for a cloud based environment," Microsoft Senior Vice-president (Server & Cloud) Amitabh Srivastava said.

Shares of Mahindra Satyam were trading at Rs 88.15 on BSE, down 1.40 per cent from the previous close.

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