BOSTON and CAMBRIDGE, Mass., September 21, 2006 - Xplana Learning, a
leading provider of interactive educational software, today announced a strategic
partnership with Patni Computer Systems, Inc. (BSE: PATNI COMPUT, NSE:
PATNI, NYSE: PTI), a leading global IT services provider. Xplana will leverage
Patni's technology skills, processes and methodologies, while providing
educational and training solutions tools to Patni customers. Together, Xplana and
Patni will meet the needs of global publishers looking to rapidly deploy electronic
media and online educational solutions.
Through its global delivery centers and deep engineering expertise, Patni will
support Xplana's entire engineering lifecycle. Patni's application development and
quality assurance (QA) testing will allow Xplana to significantly scale conversion
operations, as well as speed products to market, assuring they are of the highest
standards. Additionally, Xplana will provide value-added educational and training
solutions tools for Patni's existing client base.
"We are currently developing online solutions for some of the key players in
global educational publishing, including McGraw-Hill, Thomson and Houghton-
Mifflin," said Hakan Satiroglu, CEO of Xplana Learning. "We will leverage
Patni's matured application development process to easily meet demands of any
size from these global customers and develop turn-key educational solutions."
"To serve the tremendous growth in demand from these publishers, we needed
an international outsourcing and IT development partner to help us turn around
strong solutions very quickly," said Alexander Pereira, CIO of Xplana
Learning. "Patni gives us global scalability, coupling our vision, product
management and knowledge of the educational marketplace with their strong IT
development capabilities."
Xplana chose Patni for its deep domain expertise, as well as its proven excellence
in application development and QA testing services. Alongside a team of
dedicated Patni employees, Xplana will efficiently deliver state of the art,
contemporary online publications to some of the biggest global publishing
companies.
"Xplana is an established name in the interactive publishing industry. With Patni
helping them achieve additional scalability, Xplana will now be able to take on
even the largest publishing house requests," said Shashank Nene, Senior Vice
President at Patni. "There is an immense market opportunity in education
publishing, making Xplana an extremely valued addition to our partner base."
Patni's technology skills and extensive experience in application development and
QA services, will ensure faster delivery of high quality software. Patni will deliver
reliable and cost-effective IT services, aiding Xplana through the lifecycle of its
projects. Patni's 'round the clock' global delivery testing model helps reduce costs
and shorten delivery schedules, resulting in faster time-to-market for customers
and maximized ROI.
PatniConnect provides a platform for Patni clients, IT & business leaders, and academic professionals to interact with Patni senior management and debate future trends in IT and outsourcing. This year, PatniConnect celebrated its third anniversary, featuring keynotes by Tom Stewart, Editor-in-Chief of the Harvard Business Review and David Tapper, Research Director IT Outsourcing, Utility Services and Global Offshore Services, IDC.
The three-day event in Austin, Texas was attended by key executives from across the technology, product engineering, insurance, financial services, telecommunications and manufacturing segments.
About Patni
Patni Computer Systems Limited (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI) is a
global IT Services provider servicing Global 2000 clients. Patni caters to its clients through
its industry-focused practices, including insurance, manufacturing, financial services,
telecommunications, and its technology-focused practices.
With an employee strength of over 12,000 and multiple offshore development facilities
across eight cities; Patni has 23 international offices across the Americas, Europe and Asia-
Pacific. Patni has registered revenues of US$ 450 million for the year 2005.
Patni's service offerings include application development, application maintenance and
support, packaged software implementation, infrastructure management services, product
engineering services, business process outsourcing and quality assurance services.
Committed to quality, Patni adds value to its client's businesses through well-established
and structured methodologies, tools and techniques. Patni is an ISO 9001: 2000 certified
and SEI-CMMi Level 5 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.
For more information on Patni, visit www.patni.com.
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. Additional risks that could affect our future
operating results are more fully described in our Red herring filing. 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.
About Xplana Learning
Xplana Learning is an innovative educational software company based in Boston, MA.
Xplana Learning provides software and services aimed at delivering superior learning
experiences and assessment possibilities. The company specializes in learning solutions
and products that facilitate more effective online teaching and learning. Xplana Learning's
work is driven by the core philosophy that while technology is a key component in
instructor and student success, it should blend with human touch and imagination rather
than disrupt them.
For additional information, please visit http://www.xplana.com. |
