Patni amongst the Top 10 Insurance Technology Vendors in 2008 FinTech 100 Ranking
Ranks 35th in the global annual listing of top technology providers for financial institutions
Mumbai –December 10, 2008 -- Patni Computer Systems (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI), a leading global IT and BPO services provider, today announced that FinTech 100, a premier annual listing of top technology providers, has positioned it as amongst the Top10 vendors for the Insurance sector. Patni is also ranked 35th among the top 100 global entities offering IT solutions for financial institutions.
Patni has consistently improved its ranking in the FinTech 100 and has moved up from # 45 in 2007 and # 60 in 2006. FinTech 100 is an annual ranking of IT providers within the financial services industry announced by The American Banker, SourceMedia's flagship publication for banking and financial services professionals, and global independent advisory firm Financial Insights, an IDC Company. This is the fifth year of FinTech 100, and each ranking is categorized and evaluated based on CY07 year-end revenues and the percentage of revenues attributed to financial services.
“Over the last two years Patni has made substantial investments in creating solutions, frameworks, processes and methodologies tailored to the needs of diversified financial services organizations,” said Mohan Hastak, Senior Vice-President, BFSI, Patni. “Our rise in the FinTech ranking validates our approach which focuses on enabling customers to achieve their business goals despite challenging times,” he added.
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 services its clients through its industry-focused practices, including banking, financial services and insurance (BFSI); manufacturing, retail and distribution (MRD); life sciences; communications, media and utilities (CMU), and its technology-focused practices.
With an employee strength of over 15,000; multiple global delivery centers spread across 11 cities worldwide; 23 international offices across the Americas, Europe and Asia-Pacific; Patni has registered revenues of US $663 million for the year 2007.
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 clients' businesses through well-established and structured methodologies, tools and techniques. Patni is an ISO 9001: 2000 certified and SEI-CMMI Level 5 (V 1.2) 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.
Patni leverages its vast experience spanning three decades; deep domain expertise; full-spectrum services; and suites of IP-led solutions, methodologies and frameworks; in being an effective business transformation partner to its clients.
For more information on Patni, visit www.patni.com