London, UK – June 11, 2007 – Patni Computer Systems Ltd., a global IT services provider has formed a strategic partnership in the UK with Clear Technology Limited, a provider of software solutions for the Insurance and Financial Services industries. Under the terms of the agreement, Patni will provide process consulting and system integration services to Clear. This will support Clear in its efforts to fully capitalise on growing demand for its Insurance and Financial Services solutions.
For Patni, the alliance will open the door to a host of new commercial opportunities to grow its presence within Clear’s portfolio of blue-chip Insurance sector clients and the UK Financial Services industry. For Clear, the access to a dedicated professional team of highly skilled systems integrators signifies substantial growth in implementation capacity, helping Clear to meet the needs of increasing market demand.
“The UK’s Insurance and Financial Services market is perhaps the most competitive in the world. This translates into a huge commercial opportunity for software companies that deliver immediate bottom-line improvements, which Patni has been able to do for many of the top global and local insurers in the UK over the last eight years,” said Brian Stones, Executive Vice President, Patni.
“The combination of Clear’s software platform and methodology, and Patni’s integration expertise will help customers transform their business operations by lowering their operational costs while accelerating time to market,” added Stones.
Graham Dawkes, Managing Director of Clear says, “This alliance will be of vital strategic importance to Clear as we embark on the next stage of our growth plan. Crucially, Patni’s highly experienced team will help to deliver our solutions and services to a wider range of clients, enabling us to meet growing customer demand.”
About Clear
Clear has developed a methodology and a software platform that enables the identification of the manual work of insurer’s top performers and maps this into a software solution that works with existing systems of record. Much like a SatNav system for drivers, this software navigates employees through the most effective route to a satisfactory customer outcome.
Clear’s customers include Norwich Union Insurance, Vertex Financial Services (Life and Pensions), Farmers Insurance Group, North Carolina Farm Bureau and Insurance Australia Group (IAG). Clear is headquartered in Westminster, Colorado and its European Headquarters are in London. For more information visit: www.clear-technology.co.uk
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 delivery 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 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
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