SAN FRANCISCO, September 18, 2008 : Patni Computer Systems Inc. (NYSE: PTI), a leading global IT services provider, today announced plans to exhibit and announce two new products and services at the Oracle OpenWorld conference Sept. 21-25 at the Moscone Center, 747 Howard St., in San Francisco.
Patni will introduce new offerings focused at the telecommunications industry and at stock, commodity and mercantile exchange operators. Both offerings will be based on Oracle technology.
Telecommunications: The Patni ATOMS™ pre-packaged business platform gives telecommunications providers the ability to accelerate the provisioning of new phone, cable, internet and wireless services quickly, efficiently and economically.
Financial Exchanges: The Patni Financial Exchange Management Framework - a business process framework streamlines the operations of stock, commodity and mercantile exchanges. It helps them equip their systems, integrate their processes and meet regulatory requirements concerning general ledger tallies, procurement and reporting.
Oracle OpenWorld is the world’s largest gathering of Oracle customers, partners, developers, and technology enthusiasts.
Patni executives will be available to discuss the telecommunications and financial exchange solutions as well as other Patni initiatives, including a hosted solution under development that will manage procurement processes in the hospitality business and other industries. Patni will be demonstrating the new offerings from Booth #2036 at Oracle OpenWorld at the Moscone Center in San Francisco.
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, life sciences, telecommunications and media & entertainment, 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 client's 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.
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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