Weyerhaeuser NR Signs a $30M Global IT Transformation Deal With iGATE Patni
July 18 2011 - 1:58AM
iGATE Patni, the integrated technology and operations brand
providing Business Outcomes-based solutions, today announced it has
signed a $30 million contract to provide managed IT infrastructure
service operations to the Weyerhaeuser NR Company, one of the
world's largest forest products companies. Weyerhaeuser operates in
10 countries and employs 14,900 people, primarily in the United
States and Canada.
As a part of this engagement, iGATE Patni will leverage its
world-class managed on-demand infrastructure services capability to
help Weyerhaeuser's IT organization respond to a dynamic business
environment more efficiently and cost effectively. iGATE Patni will
leverage its service delivery and monitoring platform to manage
Weyerhaeuser's server footprint across multiple sites and will also
provide on-demand storage using a private cloud model.
"We are delighted that Weyerhaeuser NR chose iGATE Patni to
manage this important initiative and to help drive their IT
infrastructure transformation," said Robert Massie, Head of Sales
for North America, iGATE Patni. "This engagement is testimony to
our strategic relationship with Weyerhaeuser NR, a relationship
built on mutual trust and our commitment to helping them achieve
their business vision. The deal also reflects the market's demand
for a flexible, outcomes-based model- a model which focuses on the
end results and on delivering a measurable impact on a client's
overall business. This engagement also demonstrates the
cross-functional teamwork that iGATE Patni deploys and confirms the
superior value of the solutions we were able to bring to this
engagement."
Weyerhaeuser NR selected iGATE Patni two years in a row as its
IT Supplier of the Year, recognizing the company for its commitment
to continuous improvement and excellence within the Weyerhaeuser NR
environment. iGATE Patni provides a wide range of IT services for
Weyerhaeuser NR, including infrastructure management services, ERP
implementation and support, application development and support
services, testing-related services and business intelligence system
implementation and support.
About Weyerhaeuser:
Weyerhaeuser Company, one of the world's largest forest products
companies, began operations in 1900. We grow and harvest trees,
build homes and make a range of forest products essential to
everyday lives. We manage our timberland on a sustainable basis in
compliance with internationally recognized forestry standards. At
the end of 2010, we employed approximately 14,000 employees in 10
countries. We have customers worldwide and generated $6.6 billion
in sales in 2010. Our stock trades on the New York Stock exchange
under the symbol WY. Additional information about us is available
at http://www.weyerhaeuser.com.
About iGATE Patni:
'iGATE Patni' is the common brand identity of two organizations
— iGATE and Patni Computer Systems Limited( Patni). With iGATE
having acquired a majority stake in Patni, the two companies, under
the common brand iGATE Patni, provide full-spectrum consulting,
technology and business process outsourcing, and product
engineering services on a Business Outcomes-based model. Armed with
over three decades of IT Services experience and powered by the
iTOPS (Integrated Technology and Operations) platform, iGATE
Patni's multi-location global organization with a talent pool of
26000+ people, consistently delivers effective solutions to over
360 Fortune 1000 clients spanning across verticals like: banking
& financial services; insurance & healthcare; life
sciences; manufacturing, retail, distribution & logistics;
media, entertainment leisure & travel; communication, energy
& utilities; public sector; and independent software vendors.
Visit: www.igatepatni.com
iGATE Corporation is listed on NASDAQ (IGTE), and Patni Computer
Systems Limited on BSE (532517), NSE (PATNI) and NYSE (PTI).
The iGATE Patni brand logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5150
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 actual results to differ
materially from those in such forward-looking statements. The
risks and uncertainties relating to these statements include, but
are not limited to, risks and uncertainties regarding fluctuations
in earnings, our ability to manage growth, intense competition in
IT services including those factors which may affect our cost
advantage, wage increases in India, our ability to attract and
retain highly skilled professionals, time and cost overruns on
fixed-price, fixed-time frame contracts, client concentration,
restrictions on immigration, our ability to manage our
international operations, reduced demand for technology in our key
focus areas, disruptions in telecommunication networks, liability
for damages on our service contracts, the success of the companies
in which iGATE and Patni hamade strategic investments, withdrawal
of governmental fiscal incentives, political instability, legal
restrictions on raising capital or acquiring companies outside
India, and unauthorized use of our intellectual property and
general economic conditions affecting our industry. The
company does not undertake to update any forward-looking statement
that may be made from time to time by or on behalf of the
Company.
CONTACT: Prabhanjan Deshpande "PD"
PD@igatepatni.com
+91 80 4104 5006
PAN Communications
Corporate Communication and Media Relations
Mike O'Connell / Gene Carozza
patni@pancomm.com
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