October 17, 2007

Patni announces mult-year million dollar deal

Patni Computer Systems Ltd has informed that Patni Computer Systems Inc, a leading global IT services provider announced a multi-year US$200 million deal with The Carphone Warehouse, a UK FTSE 100 Company.

Patni will become a key technology partner providing integrated services across consulting, systems integration, application development and maintenance. In addition, Patni will also be a key partner to The Carphone Warehouse for developing next-generation systems for its global telecom and retail operations. These services will be delivered across pan-European locations by Patni's global consultants and global delivery centres in India.

"We are delighted to announce this strategic deal with The Carphone Warehouse", said Mrinal Sattawala, COO, Patni. "In today's world, customers want innovation and agility coupled with operational excellence and cost leverage. We have delivered value to CPW across a set of large, complex engagements involving multiple service lines, and this contract creates the opportunity for both firms to drive sustaining mutual value through a strategic, multi-year engagement structure."

Patni's telecom business offers end-to-end solutions to its customers including consulting, package implementation, systems integration, application development and maintenance, testing services, business process outsourcing and infrastructure support services. It contributes 14.1 per cent to Patni's revenues.

Patni recently acquired Logan Orviss International - a telecoms consulting firm, to strengthen the Company's consulting and advisory capabilities for its telecom clients.

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