VARINDIA IT MAGAZINE

MindTree has partnered with Dubai-based flydubai to shape the full digital experience of the connected traveller. Parthasarathy N.S., President & Chief Operating Officer, MindTree, said, “We are committed to flydubai’s goal of treating each passenger not just as a routine traveller but as a customer to be engaged and served across a full range of touch points. MindTree will work with flydubai to digitize their value chain, hone operations and create remarkable experiences for each traveller before, during and after their journey.” MindTree will focus on transforming flydubai’s information technology to support passenger sales and service systems, including services such as electronic ticketing and real-time baggage tracking. The agreement will also extend to other strategic business areas such as revenue management, target monitoring, ancillary revenue and operational optimisation... Read more

MindTree has announced that it has partnered with MetricStream, the market leader in Governance, Risk, and Compliance (GRC), to help simplify regulatory compliance for financial firms. MindTree will leverage MetricStream’s Zaplet, a cloud-based open platform to build, deploy and manage a variety of GRC applications for financial firms globally. Kamran Ozair, Executive Vice-President & Head of Banking, Financial Services and Insurance, MindTree, said, “Increasing global commerce, digitization and fraud is putting tremendous compliance pressure on financial institutions. This partnership will allow us to provide robust compliance solutions and help clients simplify regulatory requirements and reduce associated expenses.” Rajesh Raman, Vice-President of Zaplet, MetricStream, said, “In today’s environment, it has become imperative for financial institutions to have a robust compliance framework which enables them to operate efficiently and manage risks... Read more

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   MindTree  has announced a strategic alliance with Pegasystems(NASDAQ:PEGA)  to develop and optimize custom  BPM solutions . The solutions will be based on Pegasystems’ Build for Change technology platform. “Customers want a solution that leverages BPM platforms across multiple lines of business. Our broad alliance with Pegasystems helps our clients accelerate their efforts to create a more streamlined organization,” said Paul Gottsegen, Senior Vice-President, Chief Marketing & Strategy Officer, MindTree. MindTree’s EAI / BPM centre of excellence conceptualizes and incubates key solutions that provide clients with better performance and high-quality processes at reduced costs. Through a consulting-led approach, technology expertise and proven methodology, MindTree delivers large-scale EAI/BPM transformation........ See More

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   MindTree(NSE:MINDTREE)  has announced that it now provides application support and evolutionary maintenance services to SITA for its  new Strategic Finance System (SFS) platform. SITA’s new Strategic Finance Systems (SFS) , based on Oracle’s eBusiness Suite, consolidates all internal and external finance processing across the globe for 200 countries, encompassing 310 entities. SFS enables a central finance shared function for all receivables and payables activities across its global network of suppliers, airlines and airports. “Together, MindTree and SITA have had a successful relationship for more than 7 years, delivering next-generation technology solutions to airlines, airports and in turn millions of passengers across the world,” said Krishnakumar Natarajan, MD & CEO, MindTree . “We have been operating and supporting SITA’s billing and invoicing systems for more than five years and we are excited to be part of t...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   According to the latest announcement made by  MindTree Limited , the company has been selected by  Microsoft Corporation(NASDAQ:MSFT)  as a Windows Azure Circle Partner.  This elite program is reserved for Microsoft’s partners who have achieved success in delivering  Windows Azure-based solutions . Windows Azure Circle partners are high achievers in commitment and focus to cloud computing, particularly influencing the adoption, performing services and developing applications on the  Microsoft Windows Azure platform. "Only a small group of enterprises in the world can claim the honour of being named a Microsoft Azure Circle Partner. This recognition validates MindTree's deep expertise on the Windows Azure platform and is a testament of our ability to deliver world-class cloud solutions globally to our customers.  We are very pleased to be elevated by Microsoft to this partnership," said...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   To accelerate the continuous delivery of modern and innovative applications, with highest quality offering,  HP(NYSE:HPQ)  has announced that its HP Software  which has been selected by  MindTree  has to offer application testing solutions that shorten the testing cycle for its customers by up to 30 per cent. Furthermore, HP software's deployment will help MindTree to expand its presence in the $1-billion worldwide software testing market. HP Service Virtualization will enable development and testing teams at MindTree to work in parallel by providing a simulated, virtual environment. This will reduce the delays development and testing teams face in a conventional application development cycle. To address this, MindTree integrated  HP Service Virtualization , HP LoadRunner and HP Unified Functional Testing (UFT) into its testing practices. "To thrive and succeed, organizations need modern enterprise...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   MindTree  has announced its results for the fourth quarter and the year ended March 31, 2013, as approved by its Board of Directors. The key highlights of the results reveal that the company has earned a net profit of 55% which is at Rs.789 million, showing a decline of 20.1% q-o-q but a growth rate of 14% y-o-y. The revenue received is at Rs.6,124 million with a growth of 3.8% q-o-q and 16.5% y-o-y. The year ending revenue showed a net profit of Rs.3,389 million which has grown up by 55%. The revenue generated is Rs.23,618 million – up by 23.3%. As of March 31, 2013, the company added 232 new active customers. MindTree added 974 employees during the quarter on a gross basis, whereas 11,951 employees were added as of March 31, 2013. As per the report, MindTree will provide service desk and  End-User Computing (EUC) services  for its users across multiple countries. The company will also provide managed servic...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   Mindtree Limited has announced its results today for the third quarter ended December 31, 2012, as approved by its Board of Directors.  In USD terms, the revenue at $109.9 million (growth of 2.5% q-o-q / 6.0% y-o-y)and the net profit at $18.4 million (growth of 42.8% q-o-q / 51.9% y-o-y). As far as Rupee terms ar concerned, revenue at ` 5,901 million (decline of 1.0% q-o-q / growth of 13.5% y-o-y) and the net profit at ` 988 million (growth of 36.8% q-o-q / 63.0% y-o-y). “Our revenue growth has been satisfactory despite a seasonally weak quarter. We are very pleased that our efforts to reposition and strengthen our business continue to yield good results, as can be seen in our strong profitability improvements..... See More

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   It has been announced that  MindTree is hunting for engineering talent across Tier-1, Tier-2 and Tier-3 colleges and will use AMCAT , an adaptive assessment tool from Aspiring Minds to acquire "Top Talent" on a merit-based system. The company also claimed that having validated AMCAT's capabilities to assess performance, it will use an objective pre-set quality benchmark, which will help define the skill set required for an engineer to perform well in IT services roles irrespective of biases based on college or location.  Parthasarathy N. S., Chief Operating Officer,  MindTree Limited , said, "We believe that..... See More

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   MindTree has recently announced that it will be making significant investments over the next twelve months in its SAP Practice to drive growth in its services business across major global markets. To capitalize on this opportunity, MindTree is sharpening its focus on its SAP Practice. To this effect, the company has recently appointed Arun Rangaraju as Senior Vice-President and ERP Practice Head. Arun joins MindTree with a mandate to grow the SAP Practice by over 70 per cent in the next twelve months. MindTree targets to double its SAP headcount to achieve this goal. “Our customers continue to make significant investments in enterprise applications to achieve operational efficiency. We have successfully executed several cutting-edge SAP engagements for large global customers across various industries. Under the able leadership of Arun, I am confident that MindTree will deliver the depth of expertise and services that will help ...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   MindTree has announced its standalone results for the first quarter ended June 30, 2012, as approved by its Board of Directors. Krishnakumar Natarajan, CEO & MD, MindTree said, “The global demand environment continues to be challenging as customers are cautious in their IT spending. However, with our strategic initiatives, we expect to achieve NASSCOM’s current industry estimates for FY2013. Our margins have shown consistent improvement over the last 4 quarters and we will continue to focus on operational efficiencies as we move forward.  Given the great progress we have made, we are embarking on multiple initiatives to enhance our competitiveness, that will elevate us to the next level.” Key financial highlights Revenue at $105.5 million (growth of 0.4% q-o-q / 14% y-o-y) and Net Profit at $16.7 million (growth of 21.3% q-o-q / 116.2% y-o-y) in USD terms, whereas,  In Rupee terms: Revenue is at `5,630 million (gr...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE MindTree has announced that Subroto Bagchi and Dr. Albert Hieronimus will assume new roles in the Company’s Board of Directors as Chairman and Vice Chairman, respectively, effective April 1, 2012. "MindTree is now poised for scaling greater heights. It is a time when visionary leadership requires to be combined with fulltime executive involvement. Subroto Bagchi is, clearly, the best man for the job in this next phase of growth, profitability and customer satisfaction. I welcome Subroto in his new role and am confident that he will drive the company’s strategy, values and vision for the future," said Dr. Hieronimus. Bagchi said, "We are grateful to Dr. Hieronimus and the Board of Directors for their strong support to MindTree over the years. It is an honor to be elected as Chairman of the Board of one of the most admired companies in the industry. Along with Krishna kumar’s support and the guidance by the Board of Directors, ...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Iomega has launched Video Surveillance Storage Management solutions in partnership with Tulip Telecom and MindTree Limited. The partnership is said to provide India's first video surveillance services based on cloud technology. The cloud solution involves Iomega StorCenter network storage devices, Tulip's national broadband network with cloud data centers, and MindTree's video management software. The solution provides local cloud video surveillance solutions for SMBs and distributed enterprises. The solution will be made available on all Iomega StorCenter ix and px series in India. Jonathan Huberman, President, Iomega Corporation said, "Iomega is helping to redefine video surveillance technology by delivering a high performance, low cost all-in-one IP solution targeting small businesses and distributed enterprises. Our product not only delivers on the promise of an easy to install and use security appliance but also adds bu...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE MindTree Limited has launched SecureMind Surveillance Manager Application on Iomega StorCenter network storage devices. The integrated offerings is said to provide users with advanced IP network-based video surveillance and storage solutions that are believed to be easy to install, manage and monitor. The SecureMind Surveillance Manager is said to enable users to connect and configure USB and fixed/PTZ IP cameras from multiple vendors to the Iomega StorCenter, and monitor video remotely from anywhere in the world through a simple Web interface running on a PC or an Android-based tablet. Through seamless integration with the new devices, the SecureMind Surveillance manager claims to simplify installation by reducing servers needed for video storage/analytics and, hence, reduces the overall infrastructure management overhead, making it ideal for small-to-medium businesses (SMBs), distributed enterprises and remote offices. For More Details See ...