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Mindtree wins SAP ACE award for Customer Excellence 2008

September 23, 2008 - Warren, NJ, USA

MindTree Limited, a global IT and R&D Services Company, today announced that it has won the SAP ACE Award for Customer Excellence in the category of "Best Professional Services Sector Implementation - Mid-sized Enterprises" with its mPower implementation. The SAP ACE Awards recognize business excellence achieved through the implementation of SAP for its customers across India.

"We were honored to be chosen for an ACE Award from a field of 113 nominations," said Sudhir Reddy, CIO of MindTree Limited. "mPower is the core transaction system at MindTree, and since its implementation, it has provided improved operational efficiency, increased growth to cost ratio and unparalleled organizational agility. As we continue to grow as a company, we look forward to the ongoing benefits."

MindTree's SAP implementation, called mPower, was created to enable "Project/Engagement Centric Business Process Automation." The goal was management of the entire business value chain for MindTree's global operations. Important requirements included: all MindTree Minds would use SAP; it would to be accessible from anywhere in the world with Internet access; and it would be single sign-on enabled.

For the mPower implementation, MindTree used the Netweaver framework extensively to plug gaps between defined business processes and native SAP functionality. With its Enterprise Portal based entry point, mPower allows MindTree to seamlessly integrate any xApps or third-party tools.

To date, MindTree business processes deployed on mPower, include:

Order to Cash (OTC), Employee Self Service (ESS), Requisition To Payment (RTP), CRM, mEX (mPower expenses), Project Staffing, Travel Management, Leave Management, Payroll, Guidance / Forecasting, and Asset Management among others.

"We are happy to recognize MindTree as winner of the coveted SAP ACE 2008 award for Best Professional Services Sector Implementation by a mid-size enterprise," said Ranjan Das, president and CEO, SAP India. "Clearly their mPower implementation has brought great value to the company and its customers, and we applaud MindTree for their dedication to the project."

In its third year, the SAP ACE Awards celebrate breakthrough IT deployment that is driving business transformation in Indian companies as they seek to gain a global competitive advantage. SAP ACE is seen as a barometer of how Indian organizations of all sizes are deploying and leveraging technology for business benefits. The SAP ACE Awards span across three categories that include: overall category, mid-size category and small enterprises category. The evaluation process comprises of four stages including scrutiny of the nomination form, short listing via interviews, onsite review and final assessment by the jury after a detailed panel discussion.

The SAP ACE Awards 2008 were presented to winners at the Leela Palace in Bangalore on September 17.

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. 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 www.mindtree.com

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

Joe King
MindTree Ltd.
Ph: 908-604-8080 ext 2560

Jay Russo
LVA Communications
Ph: 860-739-5598