Satyam burst is good for Kerala IT Companies?

Since Many Big Kerala IT companies in the state either work with Satyam or are competitors, Its reported that Satyam burst will help them to get Satyam clients as well as employees.It is advantage time for IT companies in Kerala. With Satyam under a cloud, the software companies in the state are busy trying to win over clients of the tainted IT bellwether even as they are flooded with job applications from Satyam employees.

V.K. Mathews, chief of IBS Software Services – one of the biggest IT companies in Technopark – told they have started reaching out to clients to explain their position as part of confidence building measures in the wake of what happened at Satyam.One should not generalize with what happened to Satyam. The need of the hour is for regulating agencies like Securities and Exchange Board of India (SEBI), Registrar of Companies, and the Company Law Board to step in and see that such things do not happen again – He added.

We work with Satyam for five companies in the country and we are their competitors in the US. The biggest fallout of this would be that clients will now insist on very strict insurance clauses, thereby leading to increased insurance premiums which will be borne by companies like us,’ said Gupta, CEO of the Kerala operations of the New Jersey-headquartered Collabera IT company.

Founder president of Group of Technopark companies (GTECH), Sunil Gupta said that since Thursday, the day after the Satyam chief admitted to a Rs.70 billion fraud, he has been getting frantic calls from clients.

Anyway It would be a good news at time of recession, if the Technopark companies can win the satyam clients, it would help them to survive the tough times in the industry. What the readers think? please post your comments.