InsureWorx Chooses Patni Computer Systems for IT and Professional Services
11 July 2006 - 11:42PM
PR Newswire (US)
Patni to provide QA, maintenance, and implementation services for
InsureWorx's PowerSuite CAMBRIDGE, Mass., July 11
/PRNewswire-FirstCall/ -- Patni Computer Systems
(BSE:PATNIBSE:COMPUT)(NSE:PATNI)(NYSE:PTI) announced that they have
been selected by insurance software solution provider, InsureWorx,
to provide resources and services for Quality Assurance (QA)
testing, software maintenance, and implementation services for
InsureWorx's PowerSuite solution. The Patni/InsureWorx relationship
enables InsureWorx to enhance the bandwidth available to their IT
and professional services staff to leverage a broader set of
quality and cost-efficient resources for their development and
client support efforts. InsureWorx turned to Patni because of
Patni's wealth of knowledge and experience in the insurance market,
coupled with its extensive and proven technology expertise. The two
organizations have been working together on projects since February
of this year, with the success of these early efforts fueling the
decision to expand and formalize the relationship. "Patni was
chosen as a strategic partner to InsureWorx after extensive due
diligence and we are pleased with the results," said Pat
Moscarelli, Senior Vice President of Operations at InsureWorx. "We
partner on a number of initiatives and have unlocked considerable
value to our end customers by leveraging Patni's global delivery
capabilities." Bill Budde, Senior Vice President and head of the
Insurance Business Unit at Patni, added, "We are pleased to have
been selected by a market leader like InsureWorx. They have the
winning combination of a leading software solution and an
outstanding team of dedicated and skilled professionals. With the
synergy between our two teams, we look forward to a long and
mutually beneficial relationship." About InsureWorx InsureWorx,
located in the San Francisco Bay Area, (Oakland) California and
Denver, Colorado, is a leading provider of browser-based software
solutions to the insurance industry. The flagship PowerSuite
product line includes core-processing solutions for Workers'
Compensation and other Commercial Property & Casualty and Risk
Administration lines of business covering full enterprise claims,
billing, underwriting and policy administration functionality. For
additional information on InsureWorx, please visit
http://www.insureworx.com/, or call 800.785.4526. Note: InsureWorx,
PowerSuite, PowerSuite Policy, PowerSuite Claims and PowerComp are
trademarks of InsureWorx. About Patni Patni Computer Systems
Limited (BSE:PATNIBSE:COMPUTBSE:NSE:BSE:PATNIBSE:NYSE:BSE:PTI) is a
global IT Services provider servicing Global 2000 clients. Patni
caters to its clients through its industry-focused practices,
including insurance, manufacturing, financial services,
telecommunications, and its technology- focused practices. With an
employee strength of over 12,000 and multiple offshore development
facilities across eight cities; Patni has 23 international offices
across the Americas, Europe and Asia-Pacific. Patni has registered
revenues of US$ 450 million for the year 2005. Patni's service
offerings include application development, application maintenance
and support, packaged software implementation, infrastructure
management services, product engineering services, business process
outsourcing and quality assurance 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 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
http://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. Additional risks that could affect our
future operating results are more fully described in our Red
herring filing. 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. For editorial queries please contact:
Sriya Kodial Text 100 for Patni Computer Systems 617.399.4918 Colin
White Patni Computer Systems 617.914.8337 DATASOURCE: Patni
Computer Systems CONTACT: Sriya Kodial of Text 100 for Patni
Computer Systems, +1-617-399-4918, ; or Colin White of Patni
Computer Systems, +1-617-914-8337, Web site: http://www.patni.com/
http://www.insureworx.com/
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