Strengthens its management team in line with growth plans
India, Mumbai, June 16, 2009: Patni Computer Systems (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI), a leading global IT and BPO services provider, today announced the appointment of Manish Soman as Executive Vice President and Chief of Operations to its Executive Leadership Team. Manish, formerly a part of Genpact’s management team brings over 18 years of experience in the IT Services and BPO industries.
At Patni, Manish will be responsible for driving the company’s key operations including sales, technology, business continuity & resource planning. He will work closely with the CEO, Jeya Kumar and focus on streamlining Patni’s long term goals of vertical growth by increasing competitiveness and improving customer experience.
Commenting on the development, Jeya Kumar, CEO, Patni, said, “Over the years, Patni has made consistent efforts to strengthen its management team and this is an important step forward for Patni to achieve operational excellence and maximize shareholder value in our next phase of growth. I am happy to have Manish join the Patni family and am confident that he will contribute significantly to our aggressive growth plans.”
Said Manish Soman, “Patni is a pioneer in the IT services industry known for its strong organisation and customer centric culture. I look forward to contributing to this track record as it continues to achieve business excellence and sustainable growth.”
Prior to joining Patni, Manish was with Genpact, where he was the Senior Vice President & Business Leader (Software), responsible for IT delivery integrated with BPO offerings and Professional Services across 6 industry verticals. His other experience includes successful spells with organizations like 3DI Systems, Washington Mutual, Software Management Consultants Inc, Tata Unisys Ltd and Deloitte –where he was CEO & MD of the India operations. He is a graduate in Computer Science and has a Master’s in Business Administration from the Pune University.
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 (BFS) and insurance (I); manufacturing, retail and distribution (MRD); life sciences; communications, media and utilities (CMU), and its technology-focused practices.
With an employee strength of over 14,500; multiple global delivery centers spread across 12 cities worldwide; 27 international offices across the Americas, Europe and Asia-Pacific; Patni has registered revenues of US$ 719 million for the year 2008.
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 http://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.