Satyam BPO gets $10 mn investment

HYDERABAD: Nipuna Services, a business process outsourcing (BPO) of Satyam Computer Services Limited (SCSL) has received a $10 million investment from Olympus Capital Holdings and Intel Capital Corporation.
"A similar amount will be invested in the second phase which is expected to close by December 2003," a SCSL release said here on Thursday.
"We are very happy to have Olympus Capital and Intel Capital invest in Nipuna, which is a reflection of how potential international investors are looking at Nipuna," Satyam Chairman Ramalinga Raju said on the deal.
Olympus Capital, Asia, Managing Director Fredrick Long said Satyam''s existing global customer base could be of good use to Nipuna.
Olympus will appoint Dilip Kothari, based in Singapore, to the board to help Nipuna develop financial services and client opportunities, the release added.