Summary

Everest Research Institute, an experienced leader in outsourcing and offshoring research and analysis, has developed a comprehensive point of view on the Satyam situation. Everest's team of industry experts has developed a detailed situation analysis including the issues surrounding the crisis, implications for buyers and suppliers, and recommendations for how to effectively respond.

The 50+ page situation analysis includes:

• Timeline of key events in the unfolding of the Satyam crisis
• Recommendations for current Satyam clients on effective crisis management
• Facts and analysis on supplier alternatives
• Everest’s approach to managing supplier risk

Since this is a rapidly changing situation, this document was updated as needed.

• The current version is 4.0 (final version of the analysis)
• 4.0 Updated to include developments related to Satyam’s acquisition process and includes Everest perspectives on managing supplier risk
• 3.4 Updated to include news through February 20
• 3.3 Updated to include information new leadership and client developments
• 3.2 Updated to include developments from January 28 through February 3
• 3.1 Updated information on the fourth Board meeting that conclused on January 27, 2008
• 3.0 Updated information on the third Board meeting, revised assessment of the situation, and potential scenarios which may unfold
• 2.2 Updated with information on potential acquisitions, Board comments on customers, and early highlights of Raju's revised confession
• 2.1 Updated with names of candidates for CEO and CFO
• 2.0 Updated to include summary of second Board meeting and analysis of events from January 12-17
• 1.2 Updated with key messages from January 12 Board meeting