August 14, 2003 - Bangalore

MindTree Becomes Youngest Company Assessed at PCMM Level 5

Milestone brings significant benefits to employees and customers

BANGALORE--MindTree Consulting, an international IT services company, today announced that KPMG has assessed the Company at Level 5 for the People Capability Maturity ModelSM  (P-CMMSM). This makes MindTree the youngest company ever to be assessed at the highest maturity within this framework and the only company to be assessed globally.

“The Level-5 assessment is an achievement that we are very proud of,” says Prasad TGC, MindTree’s global people function head.  “Because the P-CMM framework touches so many functions within the organization, it is truly a milestone that validates the positive impact it has on everyone within MindTree.”

Similar to the SEI-CMM framework for software development, P-CMM focuses on people-related processes such as performance management, training and development, recruitment, staffing and the interoperability between different roles within a services organization.  Being assessed at Level 5 indicates that MindTree optimizes continuous improvement between organizational processes, business-unit competencies and individual activities.

In becoming the youngest company to be assessed at Level 5, MindTree accomplished the task in less than four years since the Company’s start on August 18, 1999.  Additionally, MindTree became the only company to have been globally assessed at Level 5 and accomplished the achievement in its first attempt.

SEI-authorized lead assessor Aravinda Prabhu T from KPMG assessed MindTree’s processes and said ”MindTree has an innovative culture and has established global standards in key areas such as knowledge management, mentoring and competency-based processes, which facilitate the overall development of its employees across all its geographies.”

“The business drivers for working with KPMG to achieve this prestigious Level before our fourth anniversary as a Company were the inherent benefits it brings not only to our employees but to our customers as well,” says Ashok Soota, chairman and managing director of MindTree.  “Consistent, predictable and higher levels of performance from ‘MindTree Minds’ to our clients are areas that we are always looking to improve.  P-CMM has helped us address this need.”

About MindTree

MindTree Consulting is an international IT consulting company that delivers affordable business and technology solutions through global software development.  Co-headquartered in Somerset, NJ and Bangalore, India, the company approaches technology initiatives in a business context, with the industry knowledge of a seasoned management team and employees exceptionally skilled in technology, business analysis and project management.  MindTree Consulting develops applications to help companies enhance their enterprise operations.  The company also delivers product realization services and designs re-usable building blocks for hi-tech companies. MindTree is the world's youngest company to be assessed at P-CMM Level 5 globally.  In August 2003, MindTree was ranked among the top 3 in the IT industry in the Best Employers in India 2003 Survey conducted by Hewitt Associates. Please visit www.mindtree.com for more information.

Copyright © 2008 MindTree Ltd.