Hyderabad, July 9 (IANS): Mahindra Satyam renewed a five-year multi-million dollar contract with GlaxoSmithKline (GSK) to provide system application products (SAP) and other critical systems support worldwide, the IT services provider said here Thursday.

The fraud-hit Satyam Computer Services was working with GSK since 2002 to provide IT application development and support services.

"The contract renewal is good sign that we are on our way to regain our position as a market leader. GSK's selection recognises the competitive spirit and resolve of our employees," Mahinda Satyam chief executive C.P. Gurnani said in a statement here.

GSK chief information officer Bill Louv said the company looked forward to continuing to receive the high level of professionalism and commitment from Satyam as it had over the last seven years.

The Mumbai-based Tech Mahindra took over Satyam in April and renamed it as Mahindra Satyam last month.