- Patni Computer Systems
Infobox Company
company_name = Patni Computer Systems Limited
company_type = Public BSE|532517
company_
foundation =February 10 ,1978
location =
key_people =Narendra Patni (Chairman & CEO)
industry =Information Technology
services = Software Services & Outsourcing
products =
revenue = $ 662.91 million (2007)
operating_income =
net_income =
num_employees = 15,000
parent =
subsid =
homepage = [http://www.patni.com/ www.patni.com]
footnotes =Patni Computer Systems Ltd., is a provider of
Information Technology services and business solutions. The company employs over 15,000 people, and has 23 international offices across theAmericas ,Europe andAsia-Pacific ,as well as offshore development centers in 8 cities inIndia . Patni's clients include more than 200Fortune 1000 companies. Patni has registered revenues of US$ 662.91 million for the year 2007.History
Patni Computer Systems Limited was incorporated as Patni Computer Systems Private Limited on
February 10 ,1978 under the Companies Act,1956 . In1988 , by virtue of Section 43A of the Companies Act, the Company became a "deemed public company" and subsequently onApril 15 ,1991 it was then converted into a private limited company. By virtue of its turnover exceeding prescribed limits under the then-applicable Section 43A of the Companies Act, onJuly 1 ,1995 , the Company became a deemed public company and consequent to the deletion of Section 43A from the Companies Act, 1956, the Company was converted to a private limited company onJune 27 ,2002 . The Company was again converted to apublic limited company onSeptember 18 ,2003 .In
2004 , Patni came out with aninitial public offering (IPO) of 18,724,000 equity shares in the price of Rs 230 per share for a face value of Rs 2 each. In the same year, Patni acquiredFremont, California basedCymbal Corporation for a sum of US$78 mn. Cymbal's acquisition allowed Patni to enter $60 billion IT services market in the telecom vertical which was previously not available to Patni on their business landscape. This acquisition also allowed Patni to spread it's Non-GE Business, and added a development center inHyderabad, India .In December 2005, Patni listed its ADRs on the
New York Stock Exchange (NYSE ) under the ticker PTI.Patni added 21 new clients taking the client number count to 336 and reported revenues to US$ 182.6 million (Rs. 7,837.1 million) during Q2 2008.
Board of directors
*Louis Theodoor van den Boog - Executive Director
*Michael A Cusumano - Independent Director
*Arun Duggal - Independent Director
*Arun Maira - Independent Director
*Pradip Shah - Independent Director
*Ramesh Venkateswaran - Independent Director
*Abhay Havaldar - Alternate Director to Mr. William O GrabeKey industries
*Financial Services
*Manufacturing
*Telecom
*Independent Software Vendors (ISV)
*Product Engineering
*Retail
*Media & Entertainment
*Energy & Utilities
*Logistics & Transportation
*Life SciencesIn addition to these, Patni serves its customers through following Horizontal Business Units across various industries:
*Enterprise Application Services
*Remote Infrastructure Management
*Customer Dynamics & Intelligence
*Engineering Design & Embedded Services
*Process Consulting and V&V
*Customer Interaction Services & Business Process OutsourcingGlobal locations
Asia Pacific
* India:
Mumbai ,Navi Mumbai ,Pune ,Bangalore ,Chennai ,Noida , Hyderabad,Gandhinagar
* Australia:Melbourne ,North Sydney
* Japan:Tokyo
* UAE:Dubai North America
*Canada:
Toronto
*U.S.A:Cambridge ,Cincinnati ,Jersey City ,Atlanta ,Costa Mesa ,Southfield ,Bellevue ,Milpitas Europe & UK
*Germany:
Frankfurt
*Sweden:Kista
*The Netherlands:Schiphol-Rijk
*UK:London Patni Knowledge Park, Airoli, Mumbai
Patni Computer Systems Ltd. Patni Knowledge Park IT-1, IT-2, TTC Industrial Area Thane-Belapur Road Airoli
----
Acquisitions
*April 2003: Acquired "The Reference Inc.," a company incorporated in
Massachusetts , USA for a consideration of about US$ 7.5 million, through its wholly owned US subsidiary, Patni Computer Systems Inc. The Reference Inc. has provided Patni with specialised skills and domain expertise in the financial services industry segment.
*November 2004: Acquired "Cymbal Corporation" for a sum of US$78 million. Cymbal's acquisition allowed Patni to enter the IT services market in the telecom vertical, gaining expertise and operations in the provision of services to clients in the telecommunications industry.
*June 2006: Acquired "ZAiQ Technologies," a design and verification company, in Woburn, Mass. Through the transaction, Patni obtained ZAiQ’sApplication-specific integrated circuit (ASIC) design capabilities andIntellectual Property (IP), as well as expertise inField-programmable gate array (FPGA) andSystem-on-a-chip (SoC) technologies.
*July 2007 : Acquired Europe-based "Logan-Orviss International (LOI)", a leading independent specialist telecommunications consulting services company. The consideration includes an upfront cash payment on completion of the transaction as well as performance-linked incentive payments on achieving financial targets over a three year period. LOI ended a profitable year with revenues of Euro 11.8 Million in 2006. [cite web |url=http://www.patni.com/newsroom/press-release/2007/LOI_Telecom.pdf |title=Patni acquires Telecoms Consulting Specialist |accessdate=2007-10-04 |date=2007-07-02 |format=PDF |publisher=Patni ]
*July 2007 :Acquired N.J.-based "Taratec Development Corp." through Patni Computer Systems Inc. a wholly owned subsidiary of the Company, for an aggregate price of $27.2 million in cash including contingent consideration. With more than $20m in annual revenues, Taratec is a leading consulting company in the life sciences industry providing integrated business, information technology, and regulatory compliance products and services. [cite web |url=http://www.patni.com/newsroom/press-release/2007/Taratec.pdf |title=Patni Acquires Life Sciences Services Company Taratec for $27 million |accessdate=2007-10-04 |date=2007-07-23 |format=PDF |publisher=Patni ]References
* cite press release
title = Patni Life Sciences launches PatniADEPT
publisher = Patni Computer Systems Ltd.
date = June 2008
url = http://www.patni.com/newsroom/press-release/2008/PatniADEPT.html
accessdate =* cite press release
title = Patni completes India’s first SAP ERP implementation at a temple trust
publisher = Patni Computer Systems Ltd.
date = June 2008
url = http://www.patni.com/newsroom/press-release/2008/SAP_ERP_temple.html
accessdate =* cite press release
title = Patni launches atoms™ for telecom and media companies
publisher = Patni Computer Systems Ltd.
date = May 2008
url = http://www.patni.com/newsroom/press-release/2008/Atoms_Release.html
accessdate =* cite press release
title = Patni announces Automated Framework for Insurance
publisher = Patni Computer Systems Ltd.
date = May 2008
url = http://www.patni.com/newsroom/press-release/2008/Patni_Announces_Automated_Framework_Insurance.html
accessdate =* cite press release
title = Schindler partners with Patni for revolutionary elevator technology
publisher = Patni Computer Systems Ltd.
date = May 2008
url = http://www.patni.com/newsroom/press-release/2008/Schindler_enhancement_testing_services.html | accessdate =* cite press release
title = Patni strengthens its European business operations with three key appointments
publisher = Patni Computer Systems Ltd.
date = April 2008
url = http://www.patni.com/newsroom/press-release/2008/Patni_strengthens_in_Europe.html
accessdate =* cite press release
title = Patni wins Golden Peacock Award 2007 for Training Excellence
publisher = Patni Computer Systems Ltd.
date = Dec 2007
url = http://www.patni.com/newsroom/press-release/2007/Golden_Peacock_Award_Final.html
accessdate =* cite press release
title = Patni Announces Enablement Services Based on Oracle SaaS Platform
publisher = Patni Computer Systems Ltd.
date = Nov 2007
url = http://www.patni.com/newsroom/press-release/2007/SaaS-Oracle.html
accessdate =* cite press release
title = Patni announces US$ 200 million deal with UK-based The Carphone Warehouse
publisher = Patni Computer Systems Ltd.
date = Nov 2007
url = http://www.patni.com/newsroom/press-release/2007/CPW-Patni%20Pressrelease_Oct1707.html
accessdate =External links
* [http://www.patni.com/newsroom-press-release.html Patni News ]
* [http://www.patni.com/ Patni official website]
* [http://www.patniblogs.com/ Patni Blogs]
* [http://www.globalservicesmedia.com/showArticle.jhtml;jsessionid=LJWSAENRYOVO2QSNDLRSKH0CJUNN2JVN?articleID=197001143 Top 5 Engineering Service Providers — Winner Patni Computer Services] , January 31, 2007
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