Posts Tagged ‘Patni’

Patni computer systems opens new ITO delivery center

October 13th, 2010

Patni Computer Systems Limited, a provider of global IT and business process outsourcing (BPO) services, announced the opening of a new ITO delivery center in Suzhou in China.

The new center is located in the Suzhou Software and Technology Park with a seating capacity of 500 seats and is the first center of Patni’s in China. Patni offers services including application development and maintenance, integration services, business and technology consulting, enterprise software and systems integration, BPO, quality assurance and engineering services.

New Suzhou delivery center is set to serve the Yangtze region which is one of the largest and most highly developed manufacturing bases for international companies, the company said. Through this facility, Patni aims to provide development and support services to Japanese, U.S, European and other local multinational corporations.
In a press release, Jeya Kumar, CEO of Patni, said, “The launch of our new Suzhou center is in line with our corporate strategy to focus on regional markets and adopt a truly global delivery model, to yield higher talent efficiencies. The Chinese outsourcing market possesses immense potential, both from a delivery and customer standpoint, and we are geared up to capitalize on this opportunity.”

According to KPMG reports, China’s onshore and offshore outsourcing market that was only $7.5 billion in 2007 reached $20 billion in the last year and it is estimated to reach $43.9 billion by 2014.

V. Mathivanan, president of APAC at Patni, said, “We have seen a meteoric rise of China as a potent outsourcing destination owing to conducive factors such as cost and labor arbitrage, skilled workforce and robust infrastructure.”

The center is planned to build-up systematically to full capacity by accommodating maximum local talents. In Suzhou, Patni has the advantage of getting an affordable destination with good accessibility to Tier 1 cities and a large number of talents who are expert in various computing skills.

The Patni Suzhou Center is built on a planned area of 3,400 sq. meters with 500 seating facilities. Three layers of security is provided such as guard or access card, camera and infra red. The planned area for Suzhou Software and Technology Park is of two sq. kilometers. Fifty-two percent area is reserved for office building and 48 percent area for training and services facilities.

Earlier this year the company announced the establishment of a new North American hub for Business Process Outsourcing operations in El Paso, TX.

Source:http://call-center-services.tmcnet.com/topics/call-center-services/articles/108427-patni-computer-systems-opens-new-ito-delivery-center.htm

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IT major patni inaugurates its suzhou china facility

October 11th, 2010

IT and BPO services-provider, Patni Computer Systems , on Monday announced the opening of a new ITO delivery (development and support) center in Suzhou, China.

Situated in the Suzhou Software & Technology Park (SSTP), the state-of-the art facility with a planned capacity of 500 seats is Patni’s first centre in China.

Patni’s new Suzhou delivery centre is set to serve the Yangtze region—the largest and one of the most highly developed manufacturing bases for international companies, a press release issued in Mumbai stated.

The centre will focus on delivering development and support services to cater to Japanese, the US, European and local multi-national corporations.

Commenting on the development, Patni’s CEO, Jeya Kumar, said, “the launch of our new Suzhou centre is in line with our corporate strategy to focus on regional markets and adopt a truly global delivery model, to yield higher talent efficiencies. The Chinese outsourcing market possesses immense potential, both from a delivery and customer standpoint, and we are geared up to capitalise on this opportunity.”

KPMG reports indicate that China’s onshore and offshore outsourcing market in 2007 stood only at $7.5- billion but witnessed a rapid uptick to reach $20-billion last year. By 2014, KPMG predicts that China’s total outsourcing market will be pegged at $43.9-billion, the release said.

“We have seen a meteoric rise of China as a potent outsourcing destination owing to conducive factors such as cost and labour arbitrage, skilled workforce and robust infrastructure. We look to address the changing customer dynamics of global outsourcing through a strong local presence and service customers from North America, Europe and APAC for development and support projects,” said Patni’s APAC president, V Mathivanan.

The centre will systematically build-up to full capacity, a majority of which will comprise local talent. For Patni, Suzhou has the advantage of being a cost-effective destination with good accessibility to Tier 1 cities and a large and competent pool of talent adept in various computing skill-sets.

Source:http://economictimes.indiatimes.com/infotech/ites/IT-major-Patni-inaugurates-its-Suzhou-China-facility/articleshow/6729523.cms

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Patni’s jeya Kumar has a magic idea

September 9th, 2010

Patni’s Jeya Kumar is urging employees to become “entrepreneurs” inside the company and in the process discover the firm’s next spurt of growth

Patni’s Jeya Kumar has a magic idea

His demeanour doesn’t reveal it but Jeya Kumar’s face is awash with half-smiles. He’s been thinking dangerous thoughts. Patni Computers’ CEO wants his company to miss its date with pre-destination, which is to remain a respectable but a small company. He wants to unleash the creative energy of his employees, when they might be happily curling their toes in their comfort zone. He thinks he can start an innovation fire within the company. What’s wrong with the man? IT outsourcing itself is a huge innovation. Now is the time for doing basically intelligent execution and not come up with high-flying theories of creative destruction.

Well, somebody stop him in that case! “What I have learnt during my career is that if you do the same thing over and over again, don’t expect a different outcome,” says Jeya Kumar. He is an Australian citizen but has a South East Asian lilt to his diction. He’s been with the erstwhile Sun Microsystems (now a part of Oracle) and has lead Mphasis (now a part of EDS). He is the guy whom the Patni board hired in February 2009 after a two-year search.

Kumar couldn’t have picked a more challenging time to join. The IT outsourcing market was weak and almost all companies were struggling. But Patni has done well for itself. A stock market recovery helped the firm’s share price double from the time Kumar came on board (it outperformed BSEIT and BSE TECk indices by a long shot). Patni basically got its house in order. It revamped its senior management. They improved the execution. Nothing very spectacular, but needed nonetheless in a company that seemed to have lost its competitive fire a couple of years ago.

For most part of the last three years, Patni has been racked by the news of a feud between the chairman Narendra Patni and his brother and non-executive director Gajendra Patni. According to company insiders, while the promoters’ sniping occupied management bandwidth, its competitors like Cognizant and HCL forged ahead. Both are three-four times larger than Patni today. Over the last year, the new management team under Kumar has been busy fixing the company.

The markets have taken a good view of the operational clean-up at the company but now they are going to look at growth in the company’s revenues and profits. Kumar himself has often spoken about a target: Revenues of $1.5 billion in December 2013. Given that Patni’s current revenues are $750 million, the target is a stretch that would do the venerable yogacharya B.K.S. Iyengar proud. However challenging the target ($1.5 billion by 2013 — doubling the company in three years) might look, Kumar knows there is no other option. “In this business if you don’t grow bigger you grow smaller, faster” he says.

He is right. There are scores of companies like Mastek and Sonata that are as old as Infosys and HCL but could not become big in size and were ultimately out of the competition with the big firms. The IT services business is tyrannical because the small firm has very few opportunities to leapfrog the bigwigs. In the last 10 years only Cognizant has posed any challenge and Patni is no Cognizant. No wonder then that the board is right behind Kumar to come up with some initiatives that can prevent Patni from going into a downward spiral.

So here is Kumar’s dangerous idea to speed up the journey towards the stretch target. It is a chance to become an “entrepreneur” inside the company (see graphic). All, but the top 50 people inside the company, can pitch ideas for services that Patni doesn’t offer currently. Every year the company will pick two ideas to support. To create the same risk — reward structure of entrepreneurial environment, the employee whose idea gets selected will have to forego his variable pay for a period of 18 months. This is the time in which the idea will have to be brought to market. The “Patni-preneur” will have the freedom to pick his team. He can, for instance, make an “offer” to an ace solution architect working in another division and bring him on board. If the solution architect accepts the offer, he too foregoes his variable pay, for the time that the project is brought to market.

Source:http://www.moneycontrol.com/news/features/patnis-jeya-kumar-hasmagic-idea_483683.html

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Infy, TCS to bag $1bn ABN amro deals

September 7th, 2010

In what could potentially bring outsourcing projects worth $1 billion to India over the next five years, Dutch banking major ABN Amro is set to renew its contracts for managing the bank’s software applications and computer hardware systems with IBM, Tata Consultancy Services (TCS) and Infosys Technologies.

The original contract signed by ABN Amro in 2005 was worth $2 billion, spread over five years, and had five vendors IBM, Accenture, TCS, Infosys and Patni. The bank had then aimed to save nearly $250 million every year by working with fewer vendors and consolidating its IT infrastructure.

Now, having gone through several restructuring itself, including its merger with Fortis Bank and nationalisation, the bank plans to cut the vendor base further, and drive the integration of different banking systems through outsourcing.

According to at least three people familiar with ABN Amro’s outsourcing decision, the bank has retained IBM for managing communication networks, desktops and computer servers, and plans to reduce the number of software application outsourcing vendors to two from the current three.

” TCS has already started handling incremental and new projects, and Infosys too has deep relationship with the bank, especially with Finacle. This leaves Patni and Accenture in a tight spot,” said one of the persons familiar with ABN Amro’s outsourcing.

He requested anonymity because the bank has not yet officially announced the renewal of contracts. He added that around 300 Fortis employees would get transferred to IBM’s payroll as part of this transaction.

IBM is also working on an integration plan for ABN Amro and Fortis, and aims to consolidate the IT systems by 2012, another person familiar with the process added. Officials at TCS and Infosys declined to offer any specific comments on Monday. ABN Amro officials had not responded to an email query sent by ET.

In a year when top outsourcing firms are hoping that customers would revive their tech spending, this could be the beginning of a series of such renewal opportunities being pursued by almost every vendor.

Outsourcing experts from research firms such as Ovum said around 500 contracts worth nearly $37.5 billion are set to expire by September this year, ranging anywhere between $1 million and $1 billion each. Among them, while China Mobile plans to adopt a total outsourcing model by giving away computer hardware and application development activities to a set of vendors, Verizon is looking to lower its operational costs by sending out some work overseas.

Larger offshore vendors, which now include the likes of HP, IBM and Accenture, are likely to bid for a number of contractual opportunities, Jens Butler, principal analyst at Ovum said in a recent interview with ET. “Cost-cutting is not the only theme, it is a component of client requirements,” added Butler, who is based in Sydney, Australia.

For vendors seeking to renew an existing outsourcing contract, the pressures of doing more with less is a perennial challenge, experts say.

“Right now, suppliers’ leverage is weak in the market, and in general the supplier doesn’t gain as much in renewals as when signing the deal for the first time,” said Ameet Singh, vice-president, global delivery, at outsourcing advisory firm Everest. “Billing rates are likely to remain same or go up slightly in most renewals given the soft environment. Buyers will look to drive more efficiency, which could be in terms of increased scope of work and better productivity,” he added.

Source:http://timesofindia.indiatimes.com/tech/news/software-services/Infy-TCS-to-bag-1bn-ABN-Amro-deals/articleshow/6512135.cms

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ABN to outsource $1 billion IT projects to india

September 7th, 2010

In a major IT outsourcing deal, Dutch banking behemoth ABN Amro is set to renew its contracts for managing the bank’s software applications and computer hardware systems worth $1 billon to IT giants in India. IBM, Tata Consultancy Services (TCS) and Infosys Technologies have reportedly bagged the deal from the banking giant, reports Pankaj Mishra & N Shivapriya from Economic Times.

The original contract signed by ABN Amro in 2005 was worth $2 billion, spread over five years, and had five vendors – IBM, Accenture, TCS, Infosys and Patni. The bank had then aimed to save nearly $250 million every year by working with fewer vendors and consolidating its IT infrastructure.

Now, having gone through several restructuring itself, including its merger with Fortis Bank and nationalisation, the bank plans to cut the vendor base further, and drive the integration of different banking systems through outsourcing.

According to at least three people familiar with ABN Amro’s outsourcing decision, the bank has retained IBM for managing communication networks, desktops and computer servers, and plans to reduce the number of software application outsourcing vendors to two from the current three.

“TCS has already started handling incremental and new projects, and Infosys too has deep relationship with the bank, especially with Finacle. This leaves Patni and Accenture in a tight spot,” said one of the persons familiar with ABN Amro’s outsourcing.

He requested anonymity because the bank has not yet officially announced the renewal of contracts. He added that around 300 Fortis employees would get transferred to IBM’s payroll as part of this transaction.

IBM is also working on an integration plan for ABN Amro and Fortis, and aims to consolidate the IT systems by 2012, another person familiar with the process added. Officials at TCS and Infosys declined to offer any specific comments on Monday. ABN Amro officials had not responded to an email query sent by ET.

In a year when top outsourcing firms are hoping that customers would revive their tech spending, this could be the beginning of a series of such renewal opportunities being pursued by almost every vendor.

Outsourcing experts from research firms such as Ovum said around 500 contracts worth nearly $37.5 billion are set to expire by September this year, ranging anywhere between $1 million and $1 billion each. Among them, while China Mobile plans to adopt a total outsourcing model by giving away computer hardware and application development activities to a set of vendors, Verizon is looking to lower its operational costs by sending out some work overseas.

Larger offshore vendors, which now include the likes of HP, IBM and Accenture, are likely to bid for a number of contractual opportunities, Jens Butler, principal analyst at Ovum said in a recent interview with ET. “Cost-cutting is not the only theme, it is a component of client requirements ,” added Mr Butler, who is based in Sydney, Australia.

For vendors seeking to renew an existing outsourcing contract, the pressures of doing more with less is a perennial challenge , experts say.

“Right now, suppliers’ leverage is weak in the market, and in general the supplier doesn’t gain as much in renewals as when signing the deal for the first time,” said Ameet Singh, vice-president , global delivery , at outsourcing advisory firm Everest. “Billing rates are likely to remain same or go up slightly in most renewals given the soft environment. Buyers will look to drive more efficiency, which could be in terms of increased scope of work and better productivity ,” he added.

Source:http://www.siliconindia.com/shownews/ABN_to_outsource_1_Billion_IT_projects_to_India-nid-71353.html

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Patni computers wins outsourcing deals from codan group, serco learning

August 26th, 2010

The Scandinavia-based Codan Group has selected midsized Indian IT and BPO services vendor Patni Computers Systems to provide crucial application management services. According to an announcement made in this regard by the Codan Group, the Indian tech firm has obtained the seven-figure agreement for a period of three years during which it will be providing managed services to a number of the fundamental insurance programs in Scandinavia – including Sweden, Denmark and Norway.

It may be noted here that a part of the insurance major RSA Group, Codan Group had asked five top outsourcing firms, including Patni, to submit bids for its application management contract sometime in September 2009. Of these five vendors, three were shortlisted in March 2010 and eventually the Scandinavian conglomerate decided to appoint Patni for the job in June this year.

An online news report quotes Codan Group CIO Frank Andersen as saying that they selected Patni Computers owing to the Indian firm’s profound knowledge regarding the insurance sector as well as the applications they utilize to operate their business. Praising the Indian tech firm, Andersen said that the team from the company appeared to be very honest in taking note of their precise concerns and he is positive that Patni Computers is committed to making unmatched services available to Codan. He further said that they not only valued the enthusiasm shown by the senior executives of Patni during the negotiations and the Indian tech firm’s investment in the relationship as well as the region.

According to another report in a financial news website, talking about the contract with Codan Group, David Kemp, Patni Computer Systems president (EMEA), said that they were thrilled over being chosen by the Scandinavian insurance giant for providing managed services for a number of its core fundamental applications. According Kemp, though the bidding process for the contract was extremely but, they succeeded in demonstrating their dedication to the customer, profound precipitation regarding the insurance sector and their strategies for the Scandinavian region.

Simultaneously, Patni Computers has also won another seven-year deal to provide an information management platform meant for schools for the UK-based learning and information technology solution vendor Serco Learning. According to reports, while Serco Learning has designed the new information management application for schools titled ‘Progresso’, it has been developed by Patni Computers. ‘Progresso’, which is scheduled to be made available by 2011 end, is a management information platform hosted centrally and directly providing pertinent data, tools as well as services to schools, local authorities and parents. According to Serco Learning managing director Mohamad Djahanbakhsh, ‘Progresso’ will incorporate leading edge, pioneering and insightful developments providing a complete view of the school and even an individual student.

Source:http://www.sourcingline.com/resources/patni-computers-wins-outsourcing-deals-from-codan-group-serco-learning

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Start a business,with outsourcing

August 26th, 2010

Starting a business can be frightful. Consider the amount of financial capital and a great deal of risk. You feel you are ready to start after finalizing the concepts of products and services. If you have the creativity, advertising, skills in managing, and decision making but these are not enough. You suddenly realize you cannot do all task alone that needed to be done. You need the services of the experts in accounting and bookkeeping.

Accounting and bookkeeping is the most essential part of the business. Because all the financial aspect of the business is handled by this function. It’s an advantage if you have an basic idea on this area but still not enough for you to gamble to into the big business world. For you to manage everything, you need the help of the experts in financial records and management. In able for you to be focus on the center business function as a business owner, the best answer for this is to outsource the most important area of the business like the accounting and bookkeeping. It’s quite easy to search an outsourcing company but starting a business can be daunting.

You can do it from the tip of your fingers. Try to surf and search to the internet with bookkeeping New York for the most trusted and competitive bookkeeping service company. These are the top 3 advantages in hiring a bookkeeping service company: 1. Concentrate on core business function. Appointing the most sensitive part of business operation to a respectable company allows you to have more time to focus on core business function such as decision making and gathering ideas in order to develop your products and services. A good quality product or services means bigger income for the company, lasting life for the business and respectable company reputation. 2. Assurance on expert handling. Let’s admit the fact that everybody does not hold the talent in handling everything. There are experts and best people for the job. Most of the outsourcing company hires only the best people in the field of accounting and bookkeeping. This is to assure their clients with quality job.

A good reputation in outsourcing business is essential for bookkeeping NY and professionals or experts in accounting and bookkeeping are the ones who will help them maintain their reputation.3. Great savings on operational cost. What makes outsourcing very popular nowadays is the savings on operational cost. Because the company don’t need to sustain an accounting department to handle the financial records.

This means the companies don’t have to worry about costs in employee benefits, salaries and wages, also costs of department operation and maintenance. Employing a respectable bookkeeping outsource company is the way to start the business. Having a bookkeeping Manhattan by your side, things will surely be exciting and less challenging because being new to the business world can be quite intimidating without the help of the experts.

Source:http://www.makemoneyonline-earn.com/smallbusiness/start-a-business-with-outsourcing/

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