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Mindtree launches contract pricing framework using IBM WebSphere Commerce to help businesses reduce eCommerce development and implementation cycles

New framework solves B2B eCommerce challenges presented by multiple contracts, price lists and access control; will be demonstrated in the MindTree booth at the NRF Big Show

Bangalore, INDIA, January 10, 2011:

MindTree Limited, a global IT Solutions Company, today announced at the National Retail Federation’s (NRF) Big Show, the launch of its Contract Pricing Framework using IBM WebSphere Commerce. The new framework is designed to solve time-consuming business-to-business (B2B) eCommerce challenges presented by implementing and managing multiple contracts and price lists for a single customer.

Leveraging its WebSphere expertise and Center of Excellence (CoE), MindTree has developed a customizable Contract Pricing Framework (CPF) that allows a single customer contract to be associated to multiple contract templates spanning from manufacturing, procurement and logistics to finance and legal among other business functions. The CPF also enables flexible pricing for B2B customers using multiple price lists, global discounts, and absolute price. In addition, CPF supports region-wise and role-based field level access to contracts, which ensures that the right people have access to information.

“MindTree’s WebSphere CoE is committed to developing solutions for WebSphere technologies that enable businesses to conduct and manage commercial transactions over the Internet more efficiently,” said Bhageerathi D R, head of Internet Technologies CoE, MindTree. “With our new CPF, we have taken another step in delivering on this goal by providing a solution that reduces eCommerce system development and implementation cycles. This solution is a result of MindTree’s eCommerce understanding and our WebSphere expertise and close working relationship with IBM.”

MindTree’s IBM WebSphere CoE has over 450 professionals specializing in WebSphere technologies and developing scalable, secure B2B, business-to-consumer (B2C) and business-to-employee (B2E) applications on various WebSphere products. The CoE helps companies leverage technology to deliver against specific business challenges. MindTree is an IBM Premier Business Partner and has been a previous recipient of the IBM Beacon Award-2008 for Overall Technical Excellence, Asia Pacific. MindTree has also been recognized as a distinguished finalist for the IBM IMPACT Business Partner Solution in the year 2008.

MindTree’s WebSphere offerings are leveraged in conjunction with the company’s deep expertise in serving the Retail industry. MindTree's retail offerings spans the entire spectrum of the retail value chain covering marketing, merchandising, supplier collaboration, warehouse management, and store management operations. MindTree has also developed solutions and frameworks on retail analytics, multi channel integration, mobile commerce, master data management and RFID.

For more information about MindTree’s new CPF and Retail 2.0 solutions, stop by the MindTree booth # 2878, at this week’s NRF Big Show, taking place January 9 – 12 at the Jacob K. Javits Convention Center in New York City.

About Mindtree

MindTree Ltd. is a global IT Solutions company specializing in IT Services, Independent Testing, Infrastructure Management and Technical Support (IMTS), Knowledge Services and Product Engineering, which comprises of R&D Services and Software Product Engineering. MindTree partners with its clients to create a transparent, value-based relationship. Our people build innovative solutions in a wide range of technology domains that enable our customers to succeed in their business goals.

MindTree is ranked 43rd across all industries and 19th amongst IT services companies by The International Association of Outsourcing Professionals in their annual list of the Top 100 Global Outsourcing Companies. Widely known for its focus on human capital development, MindTree has been consistently rated among the most admired employers by several industry surveys, including Great Places To Work Institute, Hewitt Associates and Mercer. MindTree is recognized among the Most Admired Knowledge Enterprises (MAKE), receiving the India, Asia and Global awards from Teleos in 2010. MindTree was ranked No. 2 in Asia and declared the overall winner in India in the Asiamoney Corporate Governance Poll 2009. The Company is publicly listed in India. Please visit us at www.mindtree.com

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

Debi Senapati
Mindtree
+91 99805 56784
Debi.senapati@mindtree.com

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