Mahindra Satyam has signed a new four year offshore contract with KMD, one of Denmark's leading IT companies. KMD, which specialises in the public sector, signed a renewed contract with Mahindra Satyam for the next four years worth approximately US$48mn ending in December 2013. The new contract 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 growing business for the Danish IT company.