IBM and Accenture
are looking to take Satyam Computer Services
customers away from the beleaguered company. According to Bloomberg
pair are targeting companies that want to outsource some of their operations and
would naturally go to Satyam.
Moshe Katri, an analyst at Cowen said that US
companies may no longer trust Indian outfits and IBM and Accenture are the two
largest U.S. computer-services providers. Katri told Bloomberg that the
Satyam crisis is going to create a temporary or near-term crisis of confidence
in the sector. He added that this is really the first time this has happened in
the IT industry.
Karl Keirstead, an analyst at Kaufman, said that Satyam
gives other US and Europe-based companies another reason to be hesitant before
sending business to an emerging market.
Dhruv Chopra, of Morgan Stanley said
Satyam’s clients are most likely to shift their business to other companies they
already work with. However IBM and Accenture could potentially pick up share as
they already work with a significant number of Satyam’s clients.