SOURCE: MindTree Limited

November 18, 2008 08:00 ET

MindTree Limited Becomes SAP® Channel Partner; Launches ServEz100 Qualified SAP Business All-in-One Partner Solution for Professional Services Industry

ServEz100 Streamlines Business Processes, Allowing Revenue and Margin Growth While Delivering Client Value

WARREN, NJ--(Marketwire - November 18, 2008) - MindTree Limited, a global IT and R&D Services Company, today announced it has become an SAP channel partner authorized to resell the SAP Business All-in-One solutions to midsize companies in North America. It also announced the availability of ServEz100, a qualified SAP Business All-in-One partner solution, aimed at the professional services industry. By becoming a value-added reseller of SAP Business All-in-One, MindTree has strengthened its relationship with SAP AG and has committed to grow revenues in the mid-market segment.

With its designation as an SAP channel partner, MindTree now provides a complete solution that encompasses all facets required for successful implementation, including SAP Business All-in-One software licensing, implementation services, training and documentation, staffing and optimization and support.

"SAP and its partners offer midsize companies the solutions they need to weather the current economic storm and grow their businesses profitably," said Glenn Wada, senior vice president and general manager of SAP America, Inc. "We look forward to working with MindTree as an SAP channel partner and helping companies gain a competitive advantage and accelerated growth through the use of ServEz100, a qualified SAP Business All-in-One partner solution."

MindTree's ServEz100 solution was designed for the consulting, audit and tax, engineering and IT service sectors. It provides companies in these sectors with an integrated platform, allowing them to grow their revenues and margins while delivering client value. This solution streamlines business processes and helps provide better control over key parameters, such as days of sales outstanding, revenue cycles, resource utilization, and project profitability. ServEz100 also provides managers a 360-degree view of their operations, allowing for the most informed decisions on resource allocation and expenses.

"Combining MindTree's in-depth experience and familiarity with professional services businesses and SAP's industry expertise and proven implementation methodology, our ServEz100 solution provides a three-pronged advantage," said Ashwani Kathuria, vice president, ERP services, MindTree Limited. "Customers will realize the ability to achieve maximum operational efficiency, competitive differentiation and significant return on investment. We are looking forward to many successful implementations of the solution in the next few months through our partnership with SAP."

ServEz100 comes with MindTree's flagship support program, iCare360, allowing customers to utilize MindTree's support infrastructure that provides affordable, continuous application and technical support. This helps ensure that customers will not require full-time IT support staff to maintain their applications. ServEz100 can be up and running in as little as 100 days for a fixed-implementation price.

About MindTree

MindTree Limited is a global IT and R&D Services Company co-headquartered in the U.S. and India. With a passion for customer satisfaction, MindTree partners with its clients to create a transparent, value-based relationship. Our domain experts deliver business-enabling solutions by leveraging a consulting-led, framework-based and IP-driven approach. MindTree's IT Services business provides a range of services to CIOs across a variety of industry segments. Our R&D Services business works with technology companies to help build innovative products by providing Product Realization services. MindTree has acquired an 80 percent equity stake in Aztecsoft Ltd., a global leader in outsourced product development and independent testing. The Company intends to complete the merger by April 2009.

MindTree was named among the Top 30 offshore service providers by the International Association of Outsourcing Professionals and Fortune Magazine. Widely known for its focus on human capital development, MindTree has been consistently rated among the most admired employers by several industry surveys, including Hewitt Associates and Mercer/TNS, and is also the winner of the MAKE Award for knowledge management. MindTree has been selected as one of the Top 25 companies for good Corporate Governance practices. MindTree is publicly listed in India. Please visit us at

SAP and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries. All other product and service names mentioned are the trademarks of their respective companies.

SAP Forward-looking Statement

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

Contact Information