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Patni Computer Systems (PTI) |
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WIKI ANALYSIS
Patni Computer Services Ltd, based in Mumbai India, is a leading provider of information technology services. The company delivers a comprehensive range of IT services through globally integrated onsite and offshore delivery locations primarily in India, through its global delivery model. Patni focuses its efforts on companies in the insurance (22.9% of revenues in the third quarter of 2007), manufacturing (25.9%), financial services (14.2%), and the telecommunications (12.1%) industries, but is also working to expand its expertise in other areas, such as retail, energy and utilities, logistics and transportation, product engineering and media and entertainment, which, in total comprised 24.9% of revenues for the third quarter of 2007. Within these practices, the company offers services that include application development, maintenance and support (65.0% of revenues in the third quarter of 2007), enterprise application systems (13.5%), enterprise systems management (5.4%), embedded technology services (11.1%), and other services (5.0%). In November 2004, the company enhanced its expertise in the telecommunications industry by acquiring Cymbal Corporation, a U.S.-based IT services company, and is willing to use a targeted acquisition strategy as part of its expansion and growth strategy. Recently, Patni has formed a strategic alliance with Savvion, the industry's leading business process management (BPM) company. Patni will leverage its domain expertise and knowledge of industry best practices to collaborate, control, and improve business processes of its clients with Savvion BusinessManager going forward. During the third quarter of 2007, Patni derived 78.0% of its revenues from the United States, 15.1% from Europe, 3.1% from Japan, 2.2% from the remaining Asia/Pacific region, and 1.6% from the rest of the world. The company has approximately 14,290 employees, with 11,323 located in India. During the second quarter of 2008, Patni acquired Europe based telecommunications company Logan-Orviss International (LOI) and U.S. based life sciences company Taratec Development Corporation.
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