SOURCE: MindTree Limited

MindTree Limited

August 14, 2012 09:09 ET

MindTree to Double Its SAP Headcount and Widen the SAP Service Portfolio

WARREN, NJ--(Marketwire - Aug 14, 2012) - MindTree Limited (NSE: MINDTREE), a global IT Services and Product Engineering Services Company, today 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.

According to Gartner, Inc, worldwide spending on enterprise application software will total $120.4 billion in 2012 (1). Enterprise Resource Planning is the largest enterprise application software market with revenue projected to reach $24.9 billion in 2012, followed by office suites at $16.5 billion. Business Intelligence revenue is forecast to reach $13.0 billion, and Customer Relation Management is on pace to exceed $13.0 billion this year.

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. With 18+ years of rich experience in the ERP space, including 6 years at SAP India, Arun joins MindTree with a mandate to grow the SAP Practice by over 70 percent 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," said Krishnakumar Natarajan, CEO & Managing Director, MindTree Limited. "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 our customers optimize their IT spend and accelerate business growth."

MindTree has worked with many Fortune 500 companies to help manage and optimize their SAP applications. This includes global consolidation of financial data, GAAP and management reporting using SEM-BCS/ GRC for a leading CPG multinational across 150+ countries and 600+ legal entities, BI design and rollout across Asia-Pac for a global consumer electronics major, ERP/CRM implementation for a Middle East conglomerate using SAP EC&O best practices, a CEO analytics dashboard with advanced visualization features and a mega outsourcing deal for a large European telecom service provider encompassing infrastructure support and rebadging of key client personnel.

"I am very excited at the opportunity to drive the SAP growth agenda at MindTree. For more than 7 years, MindTree and SAP have collaborated on building solutions that enable enterprises to use SAP technology to achieve business results," said Arun Rangaraju, Senior Vice President and ERP Practice Head. "Apart from doubling our headcount, we are investing in widening our services portfolio and building deep capabilities in emerging areas like HANA, Sybase Unwired Platform, SAP Test Automation and Solution Manager."

MindTree has developed deep domain expertise in verticals including manufacturing, consumer goods, retail, telecommunications, banking and financial services, travel and media among others.

About MindTree Limited

MindTree Limited is a global IT and Product Engineering Services Company with deep knowledge in specific domains. MindTree is acknowledged as the best mid-size software services company in India for its capability to build, test and deploy solutions. The Company also places significant emphasis on culture, customer centricity and corporate governance. MindTree is ranked No. 1 among the Most Admired Knowledge Enterprise (MAKE) India Award winners in 2010, 13th in NASSCOM's listing of Top IT Software and Services Exporters in India (excluding BPO). In 2009, MindTree was ranked No. 2 in Asia and declared the overall winner in India in the Asiamoney Corporate Governance Poll. Please visit us at www.mindtree.com.

(1) Gartner Special Report "Forecast: Enterprise Software Markets, Worldwide, 2011-2016, 2Q12 Update"

Contact Information

  • For more information, contact:

    Divya Kurup
    MindTree Limited
    91-973-904-2317
    Email Contact

    Joanne Hogue
    LVA Communications
    410-658-8246
    Email Contact