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 $1.35 billion in 2011, according to a new ARC Advisory Group study, 'Master Data Management Worldwide Outlook'. Founded in 1986, Dedham, Massachusetts based ARC Advisory Group is a leading global advisor and thought leader in manufacturing, logistics, and supply chain solutions.
About Patni
Patni Computer Systems Limited (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI) is a global provider of IT Services and business solutions, servicing Global 2000 clients. Patni caters to its clients through its industry-focused practices, including insurance, financial services, manufacturing, telecommunications and media & entertainment, and its technologyfocused practices.
With an employee strength of over 12,000; multiple global development centres spread across 12 cities worldwide; 21 international offices across the Americas, Europe and Asia-Pacific; Patni has registered revenues of US$ 579 million for the year 2006.
Patni’s service offerings include application development and maintenance, enterprise application solutions, 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 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.
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