Satyam has denied rumours of an alleged World Bank ban.

A number of unsubstantiated media reports claimed that the world body had prevented the company from bidding on offshore contracts due to its involvement in computer "intrusions." 

According to Satyam, the stories cited misinformation from unattributed sources and leaked e-mails that were taken out of context.

"Like other public and private institutions, the World Bank has repeatedly experienced hacking attacks on its computer systems and is constantly updating its security to defeat these. But at no point has a hacking attack accessed sensitive information in the World Bank's treasury, procurement, anti-corruption or human resources departments," the company said in a statement.

Satyam had won a five-year contract from the World Bank in 2003 to implement an enterprise resource planning solution that included extended document management and an integrated messaging system. The company confirmed that the deal had lapsed, but was not willing to disclose any further information.

As IT Examiner previously reported, Satyam is attempting to expand its operations abroad, with a focus on Europe and South America.

"We have a presence in Sao Paulo (in Brazil), but we would like to enter that market in a big way. Eastern Europe is also a region to look for," said Chairman B Ramalinga Raju.

The company currently maintains a number of offices in North America and operates a development centre in Hungary.

Satyam is also hoping to increase European sales in an effort to reduce its dependency on the US. As such, it is bidding for large contracts on the continent and focusing on generating new business from existing customers such as European Aeronautic Defence and Space. In addition, the company is competing for deals in the French telecommunications industry. X

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