Satyam acquires Knowledge Dynamics

Satyam Computer Services has announced its second acquisition during the last two quarters. This time it is Singapore-based Knowledge Dynamics, a consulting solutions provider in the business intelligence segment. Satyam acquired Knowledge Dynamics for $3.3 million; it anticipates this to strengthen its business intelligence and data warehousing activities. During the last quarter of 2004-05, Satyam acquired Citisoft for $38.7 million.

As per the agreement, Satyam is paying $1.8 million initially and the rest will be paid over two years. Based on revenues and profitability targets over the next three years, $2.2 million additional amount will also be made as earnout payments.

B Ramalinga Raju, Chairman, Satyam Computer Services, says “This acquisition will accelerate our progress in emerging competencies in business intelligence and analytic, synergising our leadership in data warehousing and integration.”

Knowledge Dynamics recorded revenues of Singapore $6 million in 2005. It has about 75 employees and 20 clients in the Asia-Pacific region. It is expected to add 20 more clients to Satyam’s list, while Citisoft has added 22 customers.