London, UK / Mumbai, India August 2010: Patni Computer Systems Limited (Patni) (BSE: 532517, NSE: PATNI, NYSE: PTI), a leading global IT and BPO services provider, today announced that it has secured a seven-year contract for the development and delivery of ‘Progresso': Serco's new information management platform for schools.
Progresso is a centrally hosted management information platform that provides relevant data, tools and services directly to schools, parents and local authorities. It will reinforce the Serco Learning position as a provider of high quality and innovative solutions in education, and over time will replace the existing platform - ‘Facility'.
The Progresso platform is being designed by Serco and developed by Patni and will be available at the end of 2011. Serco will continue to provide direct user support and market direction for both, Facility and Progresso. Patni and Serco will deliver the new Progresso platform and then optionally host it as a managed service to schools, academies and local authorities.
Mohamad Djahanbakhsh, Managing Director, Serco Learning, said: "Progresso will feature leading edge, innovative and intuitive developments such as a Head Teacher dashboard view of their school - with online access to real-time data, including views of school-wide performance on attendance, behaviour and academic progress with drill-down to a holistic view of an individual student."
"We chose to work with Patni on this programme because we already had a long-standing, successful working relationship with the team there and had confidence that they would deliver. Patni was flexible in its approach and in our negotiations, but the number-one reason was that we knew we could rely on the team to support us and our customers in the adoption of Progresso."
Arthur Musgrove, Head of EMEA Transformation Programmes at Patni, said: "This new partnership with Serco Learning is a fantastic example of how we can work together with clients on transitional programmes of change from legacy systems to new platforms based on leading edge technologies. It means that Serco Learning can focus on its core business while we take on the development of Progresso and roll it out to customers in the UK and across the world."
Patni Computer Systems Limited (Patni) (BSE: 532517, NSE: PATNI, NYSE: PTI) is a global provider of IT services and business solutions, servicing global 2000 clients. Patni services its clients through its micro-vertical focus in banking, financial services (BFS) and insurance (I); manufacturing, retail and distribution (MRD); life sciences; communications, media and utilities (CMU). With an employee strength of around 15,000; multiple global delivery centers spread across 15 cities worldwide; 29 international offices across the Americas, Europe and Asia-Pacific; Patni has registered revenues of US$ 656 million for the year 2009. Patnis service offerings include application development and maintenance, enterprise software & systems integration services, business and technology consulting, product engineering services, infrastructure management 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: 2008 certified and SEI-CMMI-Dev Level 5 (V 1.2) organization. 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.
About Serco Learning:
Serco Learning provides innovative, 21st century educational technology solutions to over 2,000 schools and local authorities worldwide. The company has over 12 years experience delivering a diverse range of software and services to the education sector. Our technology solutions are found in over 2,000 schools worldwide and as a business, our products and services positively impact the lives of more than one million learners every day. Serco Learning employs specialist educational consultants who possess a wealth of experience and include Ofsted inspectors, as well as former head teachers and senior education managers. Our strengths allow us to develop software for schools that is informed by, and designed to answer, real school needs. At Serco Learning, we are intent on standing out from the crowd and being extraordinary. This means that our business is characterised by innovation and a commitment to achieving excellence in all that we do.
Safe Harbor (Patni):
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 unauthorised 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.