Billion Dollar Trouble for Satyam Computers

IT Outsourcing giant, Satyam Computer Services has landed itself into a Billion Dollar Trouble. Satyam was developing mobile payment system for UPaid. When UPaid’s patent applications came up for review, Satyam Computers provided forged documents which resulted in Upaid losing a patent infringement case against Telecom giants Qualcomm and Verizon.

UPaid filed a case of fraud and forgery against Satyam Computers in Texas. Satyam sought the proceedings to be heard in London but the High Court of London dismissed the case. Satyam now has to goto trial in texas and chances of it losing the case are very very high.

So IT Managers, beware before you outsource work involving Intellectual Property Rights to India.