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Infosys not averse to acquiring Satyam customers

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Agencies

Posted: Jan 13, 2009 at 1710 hrs IST

Bangalore Software major Infosys Technologies Ltd would not poach on beleaguered Satyam Computers's employees but said it's not averse to acquire customers of the scandal-hit competitor.

Infosys made this position clear, a day after its Chairman and Chief Mentor N R Narayana Murthy reiterated that his company would not act on any CVs received from Satyam employees to ensure that nothing is done that would adversely impact the Hyderabad-based firm's future.

At a press conference to announce the company's third quarter results here today, Infosys CEO S Gopalakrishnan confirmed that some of Satyam's customers have approached the Bangaluru-headquartered, NASDAQ-listed company.

Gopalakrishnan stressed that Infosys would not proactively go after (to acquire) Satyam's customers but if the latter approached his company, it would be treated as any new business and Infosys would take the offer if its terms and conditions are agreeable for these clients. There are many customers for whom Infosys and Satyam are working together.

"...Some of the companies (Satyam's customers) are our clients also, they have approached us", he said.

Infosys sought to make a distinction between the company's stand of not entertaining the CVs of Satyam employees, and not being averse to acquiring its clients.

"They (Satyam employees) are not client employees; they are Satyam employees," Gopalakrishnan said.

Head -- HRD and Education & Research, T V Mohandas Pai argued that it's not right for the industry to poach professionals from companies in trouble.

Chief Financial Officer, V Balakrishnan, said regulators should take decisive, strong and quick action in regard to Satyam scam so that it acts as a deterrent.

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opinion by prasad on 31 Jan 2009

who overcome life challenges they are onlyenjoying life with taste fully

Take over by Infosys? by Dr. T.Charles John Bhaskar on 14 Jan 2009

The shocking but sad development of satyam scandal, raises many questions. In my opinion it is better that Government should not aid Satyam but can ask Infosys to take over Satyam. I think before doing so, it should assess Infosys too. Who knows what they had been doing? Properties of Satyam should now go to Government share and for managing Infosys can get a share. This will take care of many things such as Satyam's employees, customers, investors as well as Governments supervision would ensure investors fears are allayed. Before doing that we need to weed out yet hiding top management persons in Satyam who would have had their hands too. All these people should face vigorous punishment so that there would not be future repetitions of this sort by any corporate.

Flip Flop by indianIT_2009 on 13 Jan 2009

This is a flip-flop of Infy, Just few days ago there was a statement saying they will not aquire employees and clients of Satyam. Infosys is going crazy over Satyam debacle, too many of Sr. Leaders form Infy are Media Frenzy and talking too early in the game,hurting Infy repute. CNN-IBN and TV-18 need to also look into other upand coming leaders inputs not just Mohan and NRNs of Infy. Net-Net Infy is very nervous over this entire Satyam Saga - they feel that there will be a new 4th large player who can pose threat to Infy.. will it be Mindtree, IGATE or Patni.. time will tell..

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