Pune, June 27, 2007: Patni Computer Systems Inc., a leading global IT services
provider and International Institute of Information Technology (I2IT), one of India's
largest graduate schools, which specializes in areas of advanced information
technology today, announced a partnership for collaborative research activities in
the medical device domain. The partnership will initially focus on bio-image signal
processing with an aim to develop reusable image processing libraries and explore
complex algorithms in this niche area. It will gradually move to other technology
areas such as Pattern recognition, Real-time Operating Systems and Embedded
wireless devices
For this partnership, a team from Patni's Product Engineering Services division will
actively work with students pursuing their M.S Program in Embedded Systems
Design. Beyond development of technology, the partnership will enable students of
I2IT gain a hands-on experience of the software industry and get a clear
understanding of the process methodology including coding standards and industry
domains.
Dr. Srikanth Thiagarajan, Professor and Head, Department of Advanced
Embedded Systems Design, I2IT said, "By partnering with a leading IT global
services provider such as Patni, our students will now have the opportunity to
leverage their skills in Advanced Embedded Systems Design with a focus on the
highly specialized Medical Systems domain. The collaboration will equip them to
integrate the knowledge gained at I2IT combined with practical hands-on
experience in the midst of senior technology professionals from Patni and gain a
competitive edge".
Commenting on the partnership, Mr. Ajay Chamania, Sr. Vice-President,
Product Engineering Services, Patni remarked, "Patni's engagement with I2IT is
a reinforcement of its commitment to industry-academia partnerships. The caliber
of the I2IT team will enrich and facilitate the joint exploration and development of
novel offerings in the Medical Systems domain. The program aims to create a
strong foundation for the niche Product Engineering Services space and foster
talent in the industry."
About International Institute of Information Technology (I2IT)
I2IT is an autonomous institute and it was dedicated to the Service of the Nation by
Bharat Ratna, Dr. A. P. J. Abdul Kalam, the Honorable President of India, on the
28th of May 2003. Awarded the 'Maharashtra Information Technology Award 2006'
for achievements in field of IT education, I2IT is one of India's premier technology
schools. With a curriculum developed and delivered by leading academicians and
industry professionals, I2IT provides aspirants with full-time residential MS and
MBA Programs in Advanced Technology.
Collaborating with universities and educational institutions from all over the world,
I2IT offers programs that are internationally recognized and industry-relevant. I2IT
attracts and trains the brightest students from all over India as well as other
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countries. I2IT provides state-of the-art infrastructure, an excellent research
environment and highly qualified faculty to fully develop a student's potential.
I2IT also concentrates on developing a student's self-confidence and personality,
and promotes team-based goal achievement. By cultivating values of innovation
and leadership I2IT aims to produce industry leaders of tomorrow. It is this focus
on holistic development that has earned it the reputation of being amongst the best
Technology Schools in India.
About Patni Computer Systems
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 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.
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