Satyam Partner with sistran to Help Insurance Customers Expand into Global Markets

Combination of Satyam Services and SISTRAN Software Extend End-to-End Insurance Solutions around the Globe.

September, 11th. "Many of our insurance customers are focusing on expanding into high-growth markets, primarily in Europe, Asia, and the Middle East,” said Tim Montgomery, leader of Satyam’s Global Integrated Insurance Business. “To meet the challenges associated with this new frontier, these customers need management systems that are quickly adaptable and scalable, and SISTRAN’s suite of tools accommodates those requirements perfectly. The suite provides the flexibility that will enable Satyam to deliver value to insurers faster.

“We are excited to collaborate with SISTRAN and benefit from its industry expertise and successful history in Latin America to transform insurance companies all over the world.”

Moreover, the strategic partnership enables SISTRAN, a company with an excellent track record in insurance software, to leverage Satyam's renowned Insurance Practice and strong global presence. In addition, Satyam can implement, optimize, and support SISTRAN’s world-class solutions globally. Satyam is also more effectively able to address complex business challenges and provide flexibility across the entire insurance value chain. As such, its insurance customers can respond rapidly to market changes.

"By joining forces with Satyam, SISTRAN can substantially increase its presence as the business expands in these global economies," said Alex Pineda, SISTRAN’s chief executive officer. "This alliance enables SISTRAN to bring world-class, end-to-end insurance solutions to customers around the world. At the same time, it adds a great deal of efficiency and value to our software implementations, product development, and support."

SISTRAN serves more than 100 insurance carriers, from small businesses to large enterprises. The company’s solutions allow insurers to enhance their operational and financial performance by improving the processes of risk-acceptance and loss-mitigation, automating underwriting, reducing claim cycle time, and managing increasing compliance and regulatory requirements.

“The partnership was a natural fit due to the synergies between Satyam’s global solution delivery methodology and support, and SISTRAN’s expertise in the insurance software business,” said Juan Mazzini, VP New Markets at SISTRAN.

“Both companies are dedicated to providing customers with complete solution delivery and support, customer-oriented solutions, and low system maintenance costs,” Montgomery added. “These common values are the foundation of a partnership that will deliver new and enhanced value to insurance customers worldwide.”

About Satyam

Satyam (NYSE: SAY), a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20 industries and 57 countries.

Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company’s 42,500* professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.

Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 570* clients, including one-third of the US Fortune 500. For more information, see www.satyam.com.

*As of June 30, 2007

About SISTRAN:

SISTRAN has been providing software solutions and services for the insurance industry since 1977. Solutions available include a rules based insurance product designer; a policy administration system; mobile & wireless solutions; a claims administration system; a reinsurance system; regulatory reporting, billing, accounting and a general ledger system. SISTRAN provides a wide range of services including: outsourcing, consulting, integration and maintenance services to carriers, MGAs and TPAs.

From the small, to the multibillion-dollar-companies, in the Life and P&C industry, SISTRAN helps them define their IT and operations strategies while evaluating, designing, developing and implementing the systems and processes that best solve their business challenges.

For further information please contact:
María Bóscolo: press@sistran.com