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KPN and MindTree Jointly Invest in a Cloud Services Aggregation Platform(Marketwire Via Acquire Media NewsEdge) WARREN, NJ and DEN HAAG, NETHERLANDS -- (Marketwire) -- 05/07/12 -- MindTree Limited (NSE: MINDTREE), a global IT and Product Engineering Services Company and KPN, the Dutch market leader in ICT services, today announced their partnership to jointly invest in a flexible cloud services aggregator platform for enterprise customers. The two service partners, KPN and MindTree, with complementary core competencies, extended their strategic partnership that started in 2010 with the purpose of delivering complementary best-of-breed services and solutions, state-of-the-art infrastructure and new technology solutions. The new platform brings specific catalogue products, KPN and third party product and customer legacy applications on a single platform and delivers them 'as a service' to enterprises globally. This technology and business partnership is underpinned with a strategically important contract between the two, with a mutual beneficial business model for commercial and innovation. 'Cloud Services Aggregation' enables KPN and MindTree to logically bundle top of the bill and third party services, tapping into the main business drivers that CIOs, business managers and end users focus on. "The KPN cloud aggregation and delivery platform leverages our telecommunications and IT expertise to help us deliver on our strategy to converging information technology and telecommunications and to optimise opportunities for our customers," said Steven van Schilfgaarde, CEO KPN Corporate Market. "As KPN we leverage our extended partner eco-system that enables our Challenger strategy outside the Netherlands. It fits with the tradition of an eco-system strategy and focus in which partners help us with our global reach and additional (cloud) services capabilities. MindTree is a leading example of this strategy. As KPN we will target the Dutch market; MindTree is our business partner of choice for customers not only in Europe but throughout the globe." "KPN has shown leadership and vision in its commitment to delivering this sophisticated aggregation platform for enterprises," said Krishnakumar Natarajan, CEO and Managing Director, MindTree Limited. "Our cloud strategy is aligned with the business objectives of our customers and through this joint innovation program, we aim to deliver business enabling applications and services to our customers along with unique benefits such as unified contract, single sign-on and centralized governance." A new and emerging business model, often referred to as a cloud services broker, allows IT and telecom services providers an opportunity to expand and optimize their service offerings through a platform that helps enterprises converge and manage cloud and non-cloud services. About KPNKPN is the leading telecommunications and IT service provider in The Netherlands, offering wireline and wireless telephony, internet and TV to consumers. KPN offers business customers complete telecommunications and IT solutions. KPN Corporate Market (previously known as Getronics) offers global IT services and is the Benelux market leader in the area of infrastructure and network related IT solutions. In Germany and Belgium, KPN pursues a multi-brand strategy in its mobile operations and holds number three market positions through E-Plus and BASE. KPN provides wholesale network services to third parties and operates an efficient IP-based infrastructure with global scale in international wholesale through iBasis. About MindTree LimitedMindTree Limited is a global IT and Product Engineering Services Company with deep knowledge in specific domains. MindTree is acknowledged as the best mid-size software services company in India for its capability to build, test and deploy solutions. The Company also places significant emphasis on culture, customer centricity and corporate governance. MindTree is awarded the "Best Corporate Governance, India, 2012" by World Finance magazine in 2012. MindTree is ranked No. 2 among the Most Admired Knowledge Enterprise (MAKE) India Award winners in 2011. In 2010, the Company ranked 13th in NASSCOM's listing of Top IT Software and Services Exporters in India (excluding BPO). Please visit us at www.mindtree.com. Media Contacts: Simona Petescu KPN Media Relations Email Contact Sweta Mohanty MindTree Limited 91-80-67064000 Email Contact Joanne Hogue LVA Communications (410) 658-8246 Email Contact Source: MindTree Limited |