May 20, 2008 - Raleigh, NC

MindTree adopts Relativity Technologies for Application Modernization and Portfolio Management

 

Modernization Workbench® platform offers global access to best-in-class technology; enables MindTree professionals to rapidly align client applications with business priorities

 

Responding to global competition requires world-class operations. But when your business is automated by aging and inflexible applications, your ability to address threats and emerging opportunities is impaired. To confront this challenge, leaders in your industry have modernized their application portfolios - boosting efficiency, agility, security, and regulatory compliance.

MindTree Limited, a global IT and R&D services company, has led this drive to align applications with business needs. Now, to accelerate its realignment solutions, MindTree has adopted the Modernization Workbench platform from Relativity Technologies. This decision was based on the unique ability of the Modernization Workbench to enable business-centered application modernization activities.

The combination of proven professionals, methodologies, and technology provides:

• Robust Control and Security: The Modernization Workbench collects detailed insight into application portfolios. Unlike proprietary alternatives, this intelligence is globally accessible to authorized users. This slashes miscommunications across international teams, and allows managers to verify MindTree's commitment to service level agreements.
• Accelerated Solution Delivery: Now, at delivery centers worldwide, MindTree professionals can leverage Relativity Technologies' best-of-breed technology to speed solution delivery. Redevelopment, re-architecting, SOA-enablement, and ongoing maintenance are executed in less time and with enhanced results, on even the largest application portfolios.
• Alignment with Strategic Goals: MindTree doesn't simply solve IT problems, it improves your business. The Modernization Workbench supports this goal through a business-centric approach to application modernization. The platform identifies where your applications diverge from business requirements. This enables MindTree professionals to focus effort on modernization activities that maximize value for your organization.

"The Modernization Workbench suite of producs delivers Mainframe Application Management and Modernization capabilities. MindTree's mainframe expertise will benefit from the partnership with Relativity Technologies in offering these operational efficiencies to our customers. We look forward to offering greater value add to our customers through this partnership," said MindTree General Manager - Mainframe Services, Suneel Sastry.

"The fact that a visionary organization like MindTree has adopted the Modernization Workbench is a significant endorsement," said Steve Maysonave, chairman, president, and CEO of Relativity Technologies. "We welcome comparisons of our platform with niche modernization tools. Our ability to enable business-focused modernization activities like those offered by MindTree on a global scale becomes immediately apparent."

About Relativity Technologies, Inc.

Relativity Technologies' software aligns business and IT through application modernization. Over 400 organizations-including seven of the ten largest financial services providers-have used the Modernization Workbench® platform to govern and modernize their core applications to better address critical business priorities. The platform delivers this value by enabling organizations to understand, manage, modernize, and maintain applications throughout the enterprise. For more information, please visit www.relativity.com

About MindTree Ltd.

MindTree Ltd. 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 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.

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.

For more information, contact:

 

India

Mansoor Ahmed

Relativity Technologies

Ph: +91-44-4225-6032

mansoor.ahmed@relativity.com

 

Manoj Chandran

MindTree Ltd.

Ph: +91-80-67061000

manoj_chandran@mindtree.com

US and Europe

Peter Mollins

Relativity Technologies

Ph: +1 919 786 2866

peter.mollins@relativity.com