WARREN, NJ--(Marketwire - Jul 25, 2012) - MindTree Limited (NSE: MINDTREE), a global IT solutions and Product Engineering Services Company, today announced that it has been named among the top five global R&D services providers by Zinnov, a leading globalization and market expansion advisory firm, in its recently released rating titled 'Global R&D Services Providers 2012' across geographies such as India, China, Russia and Eastern Europe.
The study, titled "Global R&D Service Providers (GSPR) Rating 2012," is an annual study undertaken by Zinnov to assist business leaders in spearheading global engineering initiatives and enable them to make the right decisions in partner selection across geographies.
In addition to listing MindTree among the top five global R&D services providers, the study has also recognized MindTree as an established player with expansive vertical coverage.
MindTree ranks among the top three R&D services providers in the Semiconductor and among the top five in Telecom and Consumer Electronics segments.
"We are delighted that MindTree is ranked among the top 5 providers of product engineering Services in Zinnov's ratings of global PES companies. This endorsement is a result of MindTree's focus on technology innovation, Intellectual Property (IP) and value creation, coupled with expertise driven services. We are very grateful to all our wonderful customers who have supported us over the years and continue to do so. I would also like to acknowledge the tremendous contributions of all of the MindTree minds that have helped us accomplish this," said Ashok Krishnamoorthy, President, Product Engineering Services at MindTree.
MindTree engages with its clients at every step of the product engineering lifecycle: right from concept to sustenance. Its capabilities range from product design and product development to product testing, product deployment and product sustenance. It addresses the product engineering needs of technology and product companies in consumer devices, communication and networking equipment, enterprise software, Internet products and platforms and semiconductors. MindTree's IP led solutions, accelerators and frameworks enable it to rapidly deliver world-class and cost effective product engineering solutions for its clients.
For an overview of MindTree's Product Engineering service offerings, please visit http://www.mindtree.com/services-portfolio/product-engineering-services
The 'Global R&D Services Providers Ratings' was undertaken by Zinnov to help its Fortune 1000 clients better understand the R&D services being offered in the market; the partners they should work with for innovation of new products; and the partners that are best in class in each vertical and overall. Zinnov collected and analyzed data from top 75 R&D services providers from an initial list of 200+ service providers across India, China, Russia, and Eastern Europe to arrive at its overall ranking.
Founded in 2002, Zinnov -- meaning Zeal in Innovation -- is a leading Globalization and Market Expansion Advisory firm, with specialization in areas like Global Sourcing, Emerging Markets Expansion, Human Capital Optimization, Small & Medium Businesses, Innovation, Cloud Computing and Enterprise Mobility. Zinnov provides advice to global leaders in business and technology and works collectively with them to tackle prevailing organizational challenges by analyzing changing dynamics, improving performance, and building institutional capability. The services delivered to its clients through advanced reasoning and analytical techniques, provides solutions that help in integrating organizational vision, business definition and processes.
About MindTree Limited
MindTree 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 ranked No. 1 among the Most Admired Knowledge Enterprise (MAKE) India Award winners in 2010, 13th in NASSCOM's listing of Top IT Software and Services Exporters in India (excluding BPO). In 2009, MindTree was ranked No. 2 in Asia and declared the overall winner in India in the Asiamoney Corporate Governance Poll. Please visit us at www.mindtree.com.