India, Mumbai, February 26, 2007 - Patni Computer Systems (BSE: PATNI
COMPUT, NSE: PATNI, NYSE: PTI) today announced that it has been ranked the
strongest global services provider by ARC Advisory Group in strategic consulting
for Master Data Management.
ARC Advisory Group evaluated the capabilities of leading global services providers
for implementing Master Data Management (MDM) solutions and for providing
high end consulting with respect to data quality and governance issues.
Master Data Management solutions support the global identification, linking, and
synchronization of all data elements related to customers, products, and other
classes of master data. An MDM can serve as a central system of record, either
by creating and managing a central database or through the use of a metadata
layer that can pull a desired data attribute into a single view of the truth.
Mr. Steve Banker, Service Director, ARC Advisory Group has commended
Patni in this report with the following, "From a strategic consulting perspective,
Patni has the strongest story."
The report further states, "Patni's main offering in this area is their Data Quality
Assessment service which is based upon two key principles - engage the business
in the process and utilize Six Sigma to improve and control data quality."
Patni's full spectrum of Business Intelligence customized solutions and consulting
services includes BI Readiness Assessment, Data Quality Assessment, BI
Standardization, Single-version-of-Truth, Dashboard Assessment and the CIO
Framework. As a result, business executives get more relevant and reliable
information enabling them to make more effective decisions.
Delighted at receiving this accolade, Mr. Umesh Karpe, Head-Business
Intelligence Practice, Patni said, "Our endeavor has been to continuously grow
our consulting capabilities bringing in greater efficiencies for our clients'
businesses. Our focus has always been on helping clients in leveraging technology
for strategic business advantage. We strongly believe that Data Quality, Metadata
management and Governance are critical to the success of MDM initiatives."
The MDM market is expected to grow rapidly for the next five years to become
one of the fastest emerging software markets. The worldwide market for MDM is
expected to grow at a compounded annual growth rate (CAGR) of 14.7% over the
next five years. The market at $680 million in 2006 and is forecasted to be over
$1.35 billion in 2011, according to a new ARC Advisory Group study, 'Master Data
Management Worldwide Outlook'. Founded in 1986, Dedham, Massachusetts
based ARC Advisory Group is a leading global advisor and thought leader in
manufacturing, logistics, and supply chain solutions.
About Patni
Patni Computer Systems Limited (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI)
is a global provider of IT Services and business solutions, servicing Global 2000
clients. Patni caters to its clients through its industry-focused practices, including
insurance, financial services, manufacturing, telecommunications and media, and
its technology-focused practices.
With an employee strength of over 12,000; multiple global development centres
spread across 12 cities worldwide; 21 international offices across the Americas,
Europe and Asia-Pacific; Patni has registered revenues of US$ 579 million for the
year 2006.
Patni's service offerings include application development and maintenance,
enterprise application solutions, product engineering services, infrastructure
management services, business process outsourcing, quality assurance and
engineering services.
Committed to quality, Patni adds value to its client's businesses through wellestablished
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 forwardlooking
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 further editorial information contact:
For India
Ketan Jain Text 100 for Patni Computer Systems 98203 034120
KetanJ@text100.co.in
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Heena Kanal
Patni Computer Systems
98219 39992
heena.kanal@patni.com |
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