2010-04-27 16:26:05 -

Patni Computer Systems : Ltd. (Patni) (BSE: 532517, NSE: PATNI, NYSE: PTI), a leading global IT and BPO services provider, today announced a multi-million dollar, five-year agreement for providing end-to-end policy administration services for Universal American Corp. (Universal American) (NYSE: UAM), a leading senior health insurance company in the U.S. In addition, Patni has signed a definitive agreement to acquire CHCS Services, Inc., a wholly owned subsidiary of Universal American.

The acquisition creates a new hub for Patni in Pensacola, Fla. and establishes a new line of business for Patni as a Third-Party Administrator (TPA) in the Insurance and Healthcare sector, significantly enhancing its existing BPO capabilities to deliver end-to-end platform based solutions and TPA services to insurance providers’

back-office transactions.

Commenting on the development, Jeya Kumar, CEO, Patni said, “This represents the largest win in the Company’s history and this strategic acquisition of CHCS Services, Inc. is a strong validation of Patni’s differentiated micro-vertical strategy. This move takes on dual significance for Patni in terms of growing our global Life and Healthcare Insurance business as well as establishing us as a TPA.”

Patni will add to its onshore delivery capability in North America where it already has centers in Bloomington, Illinois and El Paso, Texas in addition to its near shore center in Mexico.

“This acquisition is a major milestone in our endeavor to expand our platform based offerings,” said Ganesh Iyer, SVP and Global Head – BFSI, Patni. “Continuing our innovation led strategy we will deliver significant IP led differentiation around this platform to leverage both, IT best practices for complete lifecycle of application management and to also bring in efficiencies based on operational best practices for full policy lifecycle management,” he added.



About Patni:

Patni Computer Systems Limited : (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI) is a global provider of IT Services and business solutions, servicing Global 2000 clients. Patni services its clients through its industry-focused practices, including banking, financial services (BFS) and insurance (I); manufacturing, retail and distribution (MRD); life sciences; communications, media and utilities (CMU), and its technology-focused practices.

With an employee strength of around 14,000; multiple global delivery centers spread across 13 cities worldwide; 28 international offices across the Americas, Europe and Asia-Pacific; Patni has registered revenues of US $656 million for the year 2009. Patni's service offerings include application development and maintenance, enterprise application solutions, business and technology consulting, product engineering services, infrastructure management services, customer interaction services & business process outsourcing, quality assurance and engineering services.

Committed to quality, Patni adds value to its clients' businesses through well-established and structured methodologies, tools and techniques. Patni is an ISO 9001: 2008 certified and SEI-CMMI-Dev Level 5 (V 1.2) organization. In keeping with its focus on continuous process improvements, Patni adopts Six Sigma practices as an integral part of its quality and process frameworks.

Patni leverages its vast experience spanning three decades; deep domain expertise; full-spectrum services; and suites of IP-led solutions, methodologies and frameworks; in being an effective business transformation partner to its clients.

For more information on Patni, visit www.patni.com : .



Patni Computer Systems LimitedHeena Kanal, +91-9821939992 heena.kanal@patni.com : mailto:heena.kanal@patni.com orTony
Viola, + 1 617-914-8255 tony.viola@patni.com : mailto:tony.viola@patni.com