WARREN, N.J (May 12, 2008) - MindTree Limited (NSE: MINDTREE), a global IT and R&D Services company, today announced that it has been named to the 2008 Global Outsourcing 100 list by the International Association of Outsourcing Professionals (IAOP). This year MindTree improves in the rankings to 54th, up from 68 in 2007, while also being named one of the “20 best companies by services offered” in the category of product research, development and manufacture. The list is published in the May 5th issue of Fortune magazine.
Winners were chosen through an evaluation process that considers four key criteria:
- size and growth in revenue, employees, development centers, and countries served
- customer experience as demonstrated through the value created at the company's top customers
- depth and breadth of competencies as demonstrated through industry recognition, relevant certifications and investment in the development of people, processes, and technologies
- management capabilities as reflected in the experience and accomplishments of the business's top leaders and its investment in management systems that ensure outsourcing success.
“MindTree is pleased to be named, along with a group of esteemed companies, to the Global Outsourcing 100 List again this year. We see our rise in the rankings this year as reinforcement that our core services and company philosophy are continuing to gain customer traction,” said MindTree CEO Krishnakumar Natarajan. “We look forward to the year ahead and an improved ranking on the Global 100 next year as well.”
IAOP brings together the world’s leading outsourcing customers, providers and advisors in a powerful, active and growing global association to exchange thought leadership, share best practices and network to maximize their effectiveness at using outsourcing as a management tool.
MindTree delivers proven expertise in a wide range of services and technologies including Internet and Enabling Technologies, Business Intelligence/Data Warehousing, ERP/SCM, IBM Technologies, Application Development and Maintenance, Consulting, Infrastructure Management and Technical Support; Product Development and Testing. MindTree’s domain expertise includes manufacturing, travel and transportation, capital markets, financial services, insurance and hi-tech industries.
About MindTree Limited
MindTree Limited is a global IT and R&D Services Company co-headquartered in the U.S. and India. With a passion for customer satisfaction, MindTree partners with its clients to create a transparent, value-based relationship. Our domain experts deliver business-enabling solutions by leveraging a consulting led, framework-based and IP-driven approach. Our R&D Services business works with Technology companies to help build innovative products by providing Product Realization services & Product Platforms.
MindTree was named among the Top 30 offshore service providers by the International Association of Outsourcing Professionals and Fortune magazine. MindTree has been consistently rated as one of the most admired employers by several industry surveys, including Hewitt Associates and Mercer/TNS, and is also the winner of the MAKE Award for knowledge management. MindTree is publicly listed in India. Please visit us at www.mindtree.com.
Joe King, 908-604-8080 ext 2560
Jay Russo, 860-739-5598