Danish IT company, KMD, has signed a new four year offshore contract with Mahindra Satyam in a deal worth approximately $48 million.

The new agreement is an extension of a previous contract that was due to expire this year which involved the supply of application development, testing and application support services particularly in the area of SAP which is a growing business for the Danish IT company. Offshore work will be conducted in a development centre in Bangalore, India.

Lars Monrad-Gylling, CEO of KMD said: “We have chosen SAP as a strategic technological platform for our development work and consider it a common cornerstone to enable coherence between systems, global market standards and to offer our customers greater openness and freedom of choice.”