Satyam rises on signing an alliance pact with Pentaho

Satyam Computer Services is currently trading at Rs 46.30,up by 1.15 points or 2.55% from its previous closing of Rs 45.15 on the BSE.

The scrip opened at Rs 43.90 and has touched a high of Rs 47 with a low of Rs 43.25.So far 29, 15,531 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs 5 has touched a 52 week high of Rs 544 on May 30, 2008 and a 52 week low of Rs 11.50 on January 9, 2009.

The scrip price has witnessed upswings of 16.77% since last week and 9.98% since last month.

IT services major, Satyam Computer Services, has signed an alliance pact with Pentaho Corporation, a leading Open Source Business Intelligence (OSBI) product company to offer ‘On Demand BI Solutions.’

As per the deal, Satyam will host ‘On Demand BI Solutions’ for customers on Pentaho BI Suite Enterprise Edition.

‘On Demand BI Solutions’ reduces total cost of ownership for the customer through reduced cycle time in solution deployment, smooth upgrades, and solution customization.

The web-based delivery platform provides an easy to use interface and product features that can be delivered through a browser. This includes a consistent Service Level Agreements (SLA) with complete control and stream lined processes for IT infrastructure, software and system integration services.