Satyam is not the first Indian services company to eye U.S. or European business consulting opportunities. Infosys Technologies, a Satyam rival, launched a new U.S. consulting unit last year.
Satyam Computer Services in Hyderabad, India, has acquired London-based business consulting company Citisoft, the companies said this week. Satyam, one of India's leading outsourcing companies, agreed to pay up to $38.7 million for the company, which includes $15.5 million in performance-based pay. Citisoft specializes in advising institutional and private wealth investment companies with operations in London, Boston and New York.
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