Hyderabad - November 21, 2011 - Mahindra Satyam, a leading global consulting and IT services provider, today announced that it has won EMC 2012 Partner Innovation Award for its outstanding Industry Solution for Financial Services - ProFinA. This award recognizes excellence and innovation in a select group of partners who develop solutions based on EMC offerings for the Financial Services industry (Banking, Insurance, Investment Banking & Capital Markets) that help customers drive business and operational efficiencies, manage compliance issues, and enhance customer centricity.  Mahindra Satyam was presented this award at the EMC Partner Conference at Momentum Berlin on October 31, 2011.      

ProFinA is Mahindra Satyam's innovative solution to manage the multitude of complexities involved in Project Finance Approvals.

Project finance is the preferred financing method for large-scale, high-value projects for various infrastructure (Oil & Gas, Ports, Airports, Power, Telecommunication) and non-infrastructure (Engineering, Textiles, Tourism & Hospitality, etc) projects. The Project Finance market is growing at a rapid pace. But there are very few software solutions which address the entire process of project finance from end-to-end.

ProFinA is a next generation comprehensive Project Finance approval solution that manages all aspects of Project Finance from enquiry to disbursement. It combines document management, workflow management and real time project monitoring - all on a single unified platform. ProFinA is powered by EMC Documentum xCP which is a leader in the Case Management category of software product.

"EMC is pleased to recognize Mahindra Satyam for its innovation and excellence in developing an end-to-end solution based on EMC Documentum xCP. The ProFinA (Project Finance Approval) solution combines case management and capture technologies from EMC with Mahindra Satyam's domain expertise in banking to deliver a solution that can reduce turnaround times for approval processes by 60%." said Chris McLaughlin, Vice President, Worldwide Channel Sales & Alliances, Information Intelligence Group, EMC.

"Mahindra Satyam has developed a new solution for managing the project assessment approval, disbursement and monitoring process of  large Infrastructure projects which are  on the rise globally, particularly  in ASEAN, APAC markets,  including India. We found EMC Documentum xCP to be a suitable product to develop ProFinA, to cater to needs of a complex function which is intense on document management, workflow, case management, and communication and reporting.  Our expertise in the Banking & Financial Services domain combined with our technology expertise in leveraging the functionalities of Documentum xCP has resulted in a unique service offering. We thank EMC for this award under the category "Most Innovative Solution in Financial Services segment." said Sriram Krishnan, Senior Vice President, Content & Process Management, Mahindra Satyam.

With unique differentiating features like centralized repository, best of breed security quick deployment, ProFinA addresses the Project Finance process from funding enquiry, Project Finance Request creation, Internal Project Finance Consultation through Financial Modeling & Risk Assessment, Sanctions & Signoff. The large Project Finance software solution market is sure to see the positive impact of ProFinA, a one stop solution delivering results in all business areas.

About Mahindra Satyam

Mahindra Satyam is a leading global business and information technology services company that 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 professionals excel in enterprise solutions, supply chain management, client relationship management, business intelligence, business process quality, engineering and product lifecycle management, and infrastructure services, among other key capabilities. Mahindra Satyam is part of the $12.5 billion Mahindra Group, a global federation of companies and one of the top 10 business houses based in India. The Group's interests span automotive products, aviation, components, farm equipment, financial services, hospitality, information technology, logistics, real estate and retail.

Mahindra Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve numerous clients, including many Fortune 500 organizations.

For more information, see www.mahindrasatyam.com

For clarifications, write to us at: MediaRelations@mahindrasatyam.com

Safe Harbor
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Mahindra Satyam undertakes no duty to update any forward-looking statements.