Kuala Lumpur: Satyam Computer Services Limited, India's fourth largest software exporter, on September 5 announced the sale of $ 850,000 logistics solution software project, to a Malaysian company.

Announcing the deal at a joint conference with the company, Konsortium Logististik Bhd, Ramalinga Raju, chairman, Satyam Computer Services said this was a milestone development not just in terms of the technological competencies, but also for the company's strategy to grow operations in Malaysia and the region.

"We are quite committed to this market place. We believe that there is enormous opportunity for the growth of business. We find government and economy here very responsive to the dynamics of market environment. This growth will be fuelled by the use of technology and knowledge based approaches," he said.

This is the first major business contract for Satyam since it firmed up operations in Malaysia in April 2002 with the launch of a Global Development Center. The company expects a large growth from Malaysia.

"By the end of the current financial year we expects to earn around $ two million," Virender Aggarwal, Satyam's senior vice president, Asia Pacific, told reporters, referring to the company's Malaysian operations.

"We already have about 40 professionals based here and around 35 in India are dedicated to the Malaysian operations," Aggarwal said, adding that this will be further enhanced as the business increases.

PTI