NIIT Technologies Ltd, the global IT services provider headquartered in New Delhi, has been ranked in the prestigious 2008 Black Book of Outsourcing Insurance Industry user Survey. The survey covers over 700 contracts held by 2885 of the top spending global Insurance corporations and organizations.
According to the survey findings, NIIT Technologies ranked # 3 in the IT Outsourcing Vendors survey and #1 in the Insurance Annuity BPO Vendors space in the Insurance industry.
Commenting on the achievement Mr. Arvind Thakur, CEO, NIIT Technologies, said, “Being ranked among the top providers globally in the Black Book Insurance Survey reinforces NIIT Technologies ability to deliver business value, through sharp focus in select industry segments.”
The Insurance practice is a key focus vertical of NIIT Technologies contributing 28% to the consolidated revenues of the organisation. The survey was conducted by evaluating outsourcing vendors across 18 key performance indicators of operational excellence.
The annual study, conducted by the outsourcing management consulting firm Brown-Wilson Group, recognises excellence among global service providers that demonstrate superior management practices, leadership and outstanding performance.
Mr. Lalit Dhingra, President, NIIT Technologies Inc said, “In terms of technologies supporting Insurance businesses, we have developed expertise and re-usable frameworks around a wide spectrum of technologies and architecture which has led NIIT Technologies to a satisfying position in the Insurance sector.”
Recently, in the survey released for the Travel Industry, NIIT Technologies received top honours by being ranked No. 1 in the 2008 Black Book.
The Black Book aids decision making by supplying valid and premium knowledge about the complex and dynamic outsourcing marketplace. It is one of the world’s best selling business books on the subject.
About NIIT Technologies
NIIT Technologies is a leading IT solutions organization, servicing customers in North America, Europe, Asia and Australia. It offers services in Application Development and Maintenance, Enterprise Solutions including Managed Services and Business Process Management to organizations in the Financial Services, Travel, Retail and Distribution, and Government sectors.
NIIT Technologies' software development processes are assessed at SEI CMMI – Level 5 Version 1.2. Its human resource processes are assessed at the highest-level of maturity at PCMM Level 5. Further NIIT Technologies has processes and systems for information security management certified in accordance to the ISO 27001 standard, and its facilities offering Managed Services conform to ISO 20000 standard of Service Management.
For further information please visit www.niit-tech.com
Safe Harbor
Certain statements in this release 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, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies / entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies 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.
Contacts:
NIIT Technologies Ltd
Sunaina Singh,
201-936-5335
sunaina.singh@niit-tech.com
or
Gutenberg
PR
Aquin Dennison, 917-664-7235
aquin@gutenbergpr.com
