Satyam Computer Services Ltd., responded to news about the company losing its case against UPaid Systems Ltd., a British Virgin Islands company dealing with mobile payment services. In a press release, the company declared that it is considering legal options regarding the appeal in the London courts.

During 1997-1998, a subsidiary of Satyam was engaged by Intouch Technologies (currently UPaid Systems) for product development work. UPaid wished to patent this product and Satyam provided support as per its contract with UPaid. Some of the then Satyam employees were co-inventors to the Patents. In 2002, Satyam and UPaid ended the business association. In 2006, UPaid filed claims against some companies in the US. However, the Satyam employees who were co-inventors denied signing the documents. Following this UPaid filed a case against Satyam in Texas. Satyam appealed the decision to fight the case in Texas because according to their settlement agreement signed then, any future disputes were to be tried in the UK. Satyam lost the appeal.

Satyam is confident that it has advantages in this case and will challenge the case. However, the company feels that it is too early to come to any conclusion on the quantification of any potential damages. X