Satyam bid: cognizant gains higher chance..

Hours before the final lap of the Satyam bids, US-based IT services company Cognizant is holding a crucial meeting in Hyderabad.

According to information available exclusively with we the cognizites, Cognizant CEO Francisco D'souza flew in to Hyderabad on Friday to hold a senior management call on Satyam. He also addressed the trainees in the campus. Surprisingly this was his first visit to the centre since its inception.

The move is interesting because Cognizant, so far, has not made any formal comment on the Satyam bid.

Cognizant was incorporated as a 26% partnership between Satyam and the Dun and Bradsheet Group in 1994. Now, with over $924 million in cash, the offshoot of Satyam is gearing up to gobble the parent.

D'souza said Coginzant is best equipped to handle the Satyam bid, and the company has enough cash to acquire Satyam.

UTVi has learnt that two bidders - Wilbur Ross and Tech Mahindra - are unlikely to bid for Satyam. That leaves only two players - L&T and Cognizant - in the race to acquire 51% stake in Satyam.

The new onwer is likely to be announced tomorrow(13/04/2009). The deal is expected to be based on a share price between Rs 55-60, and the valuation of the company is expected to be around $2.4 billion.

Will Cognizant Takeover Satyam

Almost the day is nearing..
just 5 more days to the D-Day.. April 13th
The day Satyam will announce the bid winner for the buying of the scam hit Indian IT Major..
Running up in the competition the Final list released had the potential winners listed as L&T, Tech Mahindra, both from India and Gross from US and also the US based Cognizant technology solutions...
Cognizant Technology solutions is always related to satyam as both had the same roots of origin..
Yeah Satyam Started its growth as DBSS(Dun & Bradstreet Satyam Software) with DB holding 74% and Satyam holding 26% shares in it.. Later Satyam software split up as a separate one and so DB needed an IT arm and hence it started CTS.. Cognizant Technology Solutions as its IT arm.. So both Satyam and Cognizant Belong to the same family and there will be a soft corner and eye on satyam for Cognizant..
Moreover Cognizant is concerned on its US base of clients while Satyam has global reach because of its SAP.... so if cognizant wins the bid surely it will extend the reach of Cognizant and it will also make it move further as the Top IT Major of the county...
Hence the possibilities are high for Cognizant overtaking Satyam
Lets wait and see if it happens