DEAKIN’S SILICON VALLEY IN GEELONG RAMPS UP WITH SATYAM

Global consulting and IT services company to set up software development and learning centre

Deakin University's "Silicon Valley" has received a further boost today with the announcement of a partnership project with Satyam Computer Services Ltd. Satyam will establish a software development and learning centre on a 10 hectare site at Deakin's GTP (Geelong Technology Precinct) located at its Geelong Campus at Waurn Ponds. The project, in cooperation with the Victorian Government and Geelong City Council, will create at least 2,000 new jobs in the Geelong region within eight years.

The Vice-Chancellor of Deakin University, Professor Sally Walker said "This is a highly significant partnership. Satyam's decision to establish its facility at Deakin will add further impetus to Deakin's Silicon Valley."

"Deakin is immensely grateful to the Victorian Government for facilitating this co-location.

"With this project, Deakin accelerates new employment in the Geelong region, including employment for Deakin's graduates, while the Relationship Agreement creates real value for Deakin University, its staff and students."

Under the Relationship Agreement Satyam will engage in a range of collaborative activities with Deakin including staff exchange, a work integrated learning program for students, a graduate employment program, jointresearch activities and scholarships and prizes.

The announcement is the latest to expand the scale and scope of activities at Deakin's GTP and the "Silicon Valley" concept. In early 2008, in partnership with the Victorian Government, Deakin announced the building of a proof of concept facility. Most recently, the Federal Minister for Innovation, Industry, Science and Research, Senator Kim Carr announced that the Innovative Regions Innovation Centre for Australia would be located at the GTP.

Satyam Computer Services Ltd is a global consulting and IT services company with a presence in 61 countries. Headquartered in India, it is listed on the Bombay, New York stock exchanges and on EuroNext. Company revenue for the financial year 07-08 was approximately US$1.44 billion; projected revenue for 2008 is $2 billion. Satyam has over 50,000 employees globally and its development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 630 clients, including more than one third of the Fortune 500 organisations.