LONDON, UK, 30 June 2008: Patni Computer Systems (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI) today announced the appointment of Kimmo Solla as Vice-President and Head of Patni’s Product Engineering Services (PES) practice for the EMEA region. As part of an aggressive European growth strategy, the appointment will strengthen Patni’s PES proposition and help Patni take full advantage of the rise in demand for product engineering services in the region.
Before joining Patni, Kimmo Solla was strategic client partner at Wipro, where he was responsible for one of Wipro’s biggest international accounts. Prior to that, he was global account manager at Capgemini.
Commenting on the appointment, Brian Stones, Executive Vice-President, Patni said, “We are experiencing major growth in Europe in the PES marketplace and I am delighted to welcome Kimmo to the team. He brings a strong background in the research & development field, along with long-term experience of working with large global clients.
Kimmo Solla commented, “There is a growing demand for scaleable and cost effective R&D services in Europe. While high quality is a given requirement, we’re seeing an increase in expectation for continuous innovation capability. Addressing all of these factors presents tremendous challenges for companies who are also operating in a highly competitive, low margin business. This is a fantastic time to be joining Patni, particularly in the area of PES and Patni is in an excellent position to be one of the pace-setters in this marketplace.”
Patni's product engineering services help clients reduce time-to-market for new consumer products while ensuring high levels of quality. Patni has strong sector expertise, providing a range of services to the consumer electronics, industrial automation, medical electronics, mobile and wireless and semiconductor markets.
The European region is gaining in significance for Patni and accounted for 16 per cent of its global revenues for the year ending 31 December 2007. Patni already enjoys a strong presence in European countries, including UK, Germany, the Netherlands and Sweden.
About Patni
Patni Computer Systems Limited (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI) is a global provider of IT Services and business solutions, servicing Global 2000 clients. Patni caters to its clients through its industry-focused practices, including insurance, financial services, manufacturing, life sciences, telecommunications and media & entertainment, and its technology-focused practices.
With an employee strength of over 15,000; multiple global delivery centres spread across 11 cities worldwide; 22 international offices across the Americas, Europe and Asia-Pacific; Patni has registered revenues of US$ 663 million for the year 2007.
Patni’s service offerings include application development and maintenance, enterprise application solutions, business and technology consulting, product engineering services, infrastructure management services, customer interaction services & business process outsourcing, quality assurance and engineering services.
Committed to quality, Patni adds value to its clients’ businesses through well-established and structured methodologies, tools and techniques. Patni is an ISO 9001: 2000 certified and SEI-CMMI Level 5 (V 1.2) organization, assessed enterprise wide at P-CMM Level 3. In keeping with its focus on continuous process improvements, Patni adopts Six Sigma practices as an integral part of its quality and process frameworks.
Safe Harbor:
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, liability for damages on our service contracts, the success of the companies in which Patni has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
For more information on Patni, visit www.patni.com
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