Home > business > Oz national bank removes Satyam from its IT roster home

Oz national bank removes Satyam from its IT roster home

Executives of the National Australia Bank have decided to cancel the second phase of a massive outsourcing project contracted to troubled IT services firm Satyam Computer Services.

Australian IT quoted NAB technology services general manager Craig Bright as saying that the bank would be exposed to too much risk if it continued with the second wave of its IT outsourcing (ITO) strategy, which was given the green light last November.

NAB announced the decision in separate briefings to its staff and Satyam employees at Melbourne’s Telstra Dome on Thursday sources close to the company said.

complete article available @ IBNLive

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