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Mindtree announces corporate performance management program and competency center for business intelligence customers

New offerings enhance long-term business intelligence planning while increasing efficiencies


March 9, 2009- GARTNER Business Intelligence Summit, Washington D.C.

MindTree Ltd., a global IT and R&D services company, today announced two new Business Intelligence (BI) offerings that empower organizations with BI investments to meet long-term objectives and achieve cost savings. MindTree is introducing its Corporate Performance Management (CPM) program, which provides an integrated view of business performance through a set of reports, analytics, dashboards and scorecards. In addition, MindTree is introducing a BI Competency Center (BICC) program that increases the efficiency and agility of customer BI programs by deploying a Shared Services model.

MindTree's new CPM offering is a top down approach that ensures strategic goals of organizations being propagated down to operational levels. The program employs a unique methodology that identifies organizational objectives, and translates them into Key Performance Indicators (KPIs) that can be monitored and acted upon accordingly. Program features include KPI traceability, a wire frame driven approach for defining scorecards and dashboards, and solution accelerators that have pre-determined KPIs for specific industries and domains.

"Turbulent times urge businesses to focus on costs to attain sustained organizational efficiency. Businesses that adapt in testing times emerge stronger and perform better when the macroeconomic situation improves," said Krishnan Raman, general manager and head, BI Practice, MindTree. "At MindTree we have helped customers implement BI solutions that help ferret out latent inefficiencies by implementing Performance Management (PM) Frameworks. MindTree's CPM offering, built on a PM approach, helps align the entire organization to the basic business goals."

In addition to the CPM program, MindTree rolled out its BICC program to help customers with disparately managed BI applications and enterprise-wide BI initiatives, to optimize usage and productivity of resources. Deploying a pay-as-you-use model, the BICC offers customers a core team of development and architecture review experts to maintain all the BI initiatives, with ready access to additional BI resources as needed to ensure high performance.

"By leveraging the shared services model of our BICC, customers are also able to achieve greater cost efficiencies with their BI investment through faster decision-making, higher BI staff productivity and faster adoption of BI systems by business units," continued Raman.

The BICC leverages 14 Centers of Excellence (CoEs), review boards and labs setup within the BI practice that help with the challenges of tools/technology, upgrades, emerging trends, BI testing, BI system performance management and tuning. For a seamless integration with the BICC, MindTree undertakes extensive portfolio analysis, knowledge acquisition to ensure interoperability, transparency with governance processes and continued portfolio improvement.

The new CPM and BICC offerings enhance the core strengths of the MindTree Business Intelligence practice, which serves clients across industries, including Insurance, Capital Markets, Banking and Financial Services, Multi-markets, Manufacturing and Travel & Transportation. MindTree provides customers in these segments with consulting, development and maintenance services for solutions spanning enterprise level subject areas such as sales, marketing, supplier-spend, customer & profitability analytics and regulatory compliance.

To learn more about MindTree's BI practice, please visit MindTree at booth #C at this week's Gartner Business Intelligence Summit being held at the Gaylord National Resort & Convention Center in National Harbor, MD/Washington, D.C.

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

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% 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, and the National Award for Excellence in Corporate Governance. MindTree is publicly listed in India. Please visit us at www.mindtree.com.

Visit us at www.mindtree.com. For more information, contact:

Ashwini Rajeswara
MindTree Limited
91-80-67061000
ashwini_rajeswara@mindtree.com

Jay Russo
LVA Communications
860-739-5598
jay@lva.com