SOURCE: Symphony Services

February 22, 2010 19:07 ET

Dr. Pallab Chatterjee Succeeds Gordon Brooks as CEO of Symphony Services

Board Chair Chatterjee Expands Management Role as Brooks Continues as Board Vice Chairman

PALO ALTO, CA and BANGALORE, INDIA--(Marketwire - February 22, 2010) -   Symphony Service Corp., a global company specializing in software product engineering outsourcing services, today announced that Dr. Pallab Chatterjee will become Chief Executive Officer. Chatterjee, expanding his current position as Chairman of Symphony Services' board of directors, will assume responsibilities from Gordon Brooks, who has elected to leave day-to-day management of Symphony Services after six years as the company's president and CEO. Brooks will continue his commitment to Symphony as Vice Chairman of Symphony Services' board.

In his position as Chairman and CEO, Chatterjee will be responsible for Symphony Services' overall strategic direction and execution as the company continues its geographic expansion and organic and inorganic growth in outsourced engineering services for independent software vendors (ISVs), embedded software and engineering services for design and simulation.

A recognized technology innovator and experienced executive, Chatterjee is a managing director and operating partner of Symphony Technology Group (STG). Prior to STG, he was CEO of i2 Technologies, Inc., a market leader in supply chain management. Before i2, Dr. Chatterjee spent 24 years at Texas Instruments in a variety of positions, including senior vice president of research and development, chief technology officer of Texas Instruments Technology Labs and President of its $1.5 billion Notebook and Calculator Division. He has been the recipient of numerous industry awards and accolades, including TI Senior fellow (1985), IEEE Fellow (1986) and the IEEE J.J. Ebers Award (1986) and Member of the National Academy of Engineers (1997).

"I'm looking forward to expanding my role within Symphony Services and to working more closely with our employees and clients," said Chatterjee. "I'm excited to be able to use my strategic and operational experience to help us become the most admired engineering outsourcing provider now and in the future." 

Brooks, who presided over Symphony Services as the company revenue grew by nearly 500 percent in six years, will continue in his board position and assist operating management on major client deals. "I have really enjoyed my time as CEO of Symphony Services and my belief and confidence in our people, vision and strategy has never been stronger," said Brooks. "I remain committed to our company's success and will continue to support the company in every way possible."

"The advantage to working with such a deep and talented STG leadership team is that we can meet a need within one of our companies, even when there are big shoes to fill," said Dr. Romesh Wadhwani, chairman and CEO of STG. "Gordon has been an outstanding CEO and under his leadership, we saw explosive growth within Symphony Services, with new development centers in the U.S., India and China, representing 3,000 employees. We thank him for his dedication and leadership in this role. Under the visionary guidance of Dr. Chatterjee, I'm confident that Symphony Services will continue to grow and lead the market in innovation, delivering unmatched value to our clients, employees and shareholders."

Analysts that cover the software product engineering market such as Gartner, Zinnov Consulting Ltd., NeoIT and the Black Book of Outsourcing, have recognized Symphony Services for its market leadership. The company's focus on guaranteeing outcomes with its Outcome Certainty™ methodology to its clients' product engineering requirements is often cited. Symphony Services' ability to partner closely with clients' high-performing R&D organizations to build innovative products rapidly and economically, while linking results to client business goals such as clients' satisfaction and increased revenue, sets the company apart.

About Symphony Services:

Symphony Service Corp. is the only global specialist providing software product engineering outsourcing services that enable clients to achieve Outcome Certainty™. ISV's, software-enabled businesses, and companies whose products contain embedded software partner with Symphony Services to achieve their business goals: from improving product line revenue to raising client satisfaction, increasing product innovations and reducing time-to-market. The company helps clients drive unparalleled innovation while bringing predictability to costs, schedules and quality of the outsourced engineering process. Symphony Services' capabilities across the full Product Development Lifecycle maximize the ROI for client engineering organizations while delivering market-leading products in Telecom, Healthcare, Energy, Automotive, Consumer Electronics, Financial Services and Internet Commerce. 

The company's risk-reward partnership models and focus on transparent, metrics-driven value delivery ensures complete alignment with clients' business and R&D objectives. Utilizing an approach centering on a repeatable, industrialized process that drives productivity across all client engagements while guaranteeing business outcomes, Symphony Services is helping its clients deliver over 1,200 software releases annually. Leveraging the product DNA and superior intellect of its people, the company's approach leads to superior engineering on-time, on-budget, Outcome Certainty guaranteed. Symphony Services is headquartered in Palo Alto, Calif., with facilities in North America, India, Europe and China. For more information, please visit www.symphonysv.com

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