Applied Materials would seem to have cancelled its 2007, five-year US$200 million IT application development, maintenance, and support (ADMS) contract with Indian based, Satyam Computer Services and signed a new five-year contract with IBM, for an undisclosed sum. Satyam had been struggling to retain major customers after a major corporate fraud case accused former executives of overstating revenue figures and other corporate governance alleged failings.
IBM will provide Applied with the same kind of ADMS as well as database monitoring, security and controls monitoring, batch scheduling, data interface monitoring and performance services.