Hyderabad’s IT firm, Mahindra Satyam (MSat) said that it has partnered with London-based Oxygen Finance to market Oxygen’s cloud-based Accelerated Payment system.

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It is believed that the letter of intent positions Mahindra Satyam as a new partner to market and operate Oxygen Finance’s Pure Oxygen system for SME suppliers. The new Mahindra Satyam cloud application will aim to attract public sector bodies and companies in travel, transport, telecoms and financial services sectors, the release said.

Mahindra-Satyam

David Brown, CEO, Oxygen Finance, said, “We are delighted to enter into this agreement with Mahindra Satyam. Their capability will enable us to provide SMEs the opportunity to receive early payments which in these difficult economic times, we know, they value very highly.”

Way to go Mahindra Satyam !!