The Satyam Fiasco : The Client Exodus

There have been contract terminations, and there are many in the offing as well.

Let's have a look at the terminated contracts.

1. State Farm Insurance (SFI)

Deal Size : Over $100 million

Relationship Duration : 15 years

Top 10 Client : YES

Satyamites involved  : 400

Satyamites absorbed : 25-30

Moved to : TCS or Wipro

Brighter side : None

2. National Australian Bank (NAB)

Deal Size : $50 million to $100 million

Relationship Duration : 5 years

Top 10 Client : NO

Satyamites involved : 100 (onsite. Offshore data unavailable)

Satyamites absorbed : NA

Moved to : In-house IT operations

Brighter side : Satyam retains the support operations for the work done till date.

3. EA Sports

Deal Size : $10 million

Relationship Duration : 3 years

Top 10 Client : NO

Satyamites Involved : 250

Satyamites absorbed : NA

Moved to : TCS. KT starting this week.

Brighter side : None.