Patni Expands Actuarial BPO Service Offerings

Patni Computer Systems, Ltd. (NYSE: PTI), (BSE: PATNI COMPUT), (NSE: PATNI), a leading global IT and BPO services provider, announced expansion of its "Actuarial Center of Excellence" (ACE) to provide consulting, risk management and actuarial services for Insurance and Financial services companies in an onshore and offshore delivery model. ACETM provides proven Actuarial expertise and rich pool of seasoned actuarial consultants in US, India and Europe to provide customers optimized and cost effective solution for improved financial performance. Patni runs one of the largest offshore actuarial operations in India and serves several global insurance companies.

ACETM offers a wide range of services from consulting to loss monitoring, reserving, pricing, profitability analysis, experience analysis and statutory reporting. Retirement and Pensions actuarial services also include accounting and funding valuation and plan conversion series. These services are available to clients in a third-party or shared services construct. Leveraging a global 24x7 delivery model, Patni is currently helping several companies reduce their operating costs by 40-50 percent by decreasing cost per valuation, augmenting actuarial and modeling capabilities, improving turnaround time, streamlining valuation methodologies and delivering error-free valuations. Featuring a team that has the experience to quickly take on and implement new clients, Patni has also developed numerous solution accelerators that speed time-to-benefit. Sanjiv Kapur, SVP and Head of Patni's Global BPO business said, "Insurance and Financial services companies increasingly need to focus on efficient and transparent risk management while controlling costs. Our end-to-end outsourced actuarial and analytics services on a variable cost basis in an on-shore off-shore delivery model augment clients in-house efforts and resourcing. We enable clients to significantly reduce operating costs while focusing on predictive modeling and other value added analytics that are currently compromised." Mike Fitzgerald, Senior Analyst in Celent's Insurance practice said, "Actuarial BPO will rise as North American firms expand activity in sophisticated pricing methodologies and the scarcity of actuarial talent in North America continues....This will not be a displacement of resources, but additions to capacity and extensions of insurers' teams."

As companies look for global actuarial workforce, Patni leverages its ACETM charter members to augment onshore delivery capability. Corwin Zass, Founder of the Actuarial Risk Management and Patni's North American member of Actuarial Center of Excellence (ACETM) said, "The recent events in the past year have led more and more companies to recognize the value of actuarial skills. We expect that these skills will be demanded at a faster pace. We are happy to join forces with Patni - from the insurance sector to employee benefit matters - together our aim is to enable companies to mitigate risks across the enterprise in a cost effective manner while delivering long-term value to our clients."

For more information about ACETM, please visit http://www.patni.com/cis-and-bpo/service-offerings/bpo-kpo/actuarial-valuations.aspx About Patni Computer Systems 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 caters to its clients through its industry-focused practices, including insurance, financial services, manufacturing, telecommunications and media, and its technology-focused practices.

With an employee strength of over 12,000; multiple global delivery centers spread across 12 cities worldwide; 21 international offices across the Americas, Europe and Asia-Pacific; Patni has registered revenues of US$ 718 million for the year 2008.

Patni's service offerings include application development and maintenance, enterprise application solutions, product engineering services, infrastructure management services, business process outsourcing, quality assurance and engineering services.

Committed to quality, Patni adds value to its client's businesses through well-established and structured methodologies, tools and techniques. Patni is an ISO 9001: 2000 certified and SEI-CMMI Level 5 organization, assessed enterprise wide at P-CMM Level 3. In keeping with its focus on continuous process improvements, Patni adopts Six Sigma practices as an integral part of its quality and process frameworks.