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MindTree Steps up Efforts to Leverage Middle East IT Services Market

9th March 2010

MindTree Ltd

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MindTree Ltd., a global IT solutions company, has announced that it is stepping up its efforts to leverage the growth of the Middle East IT services market, which is expected to hit USD 3.5 billion by 2011, according to recent reports from the Economist Intelligence Unit (EIU). Identified by the Company as one of its fastest growing regions, the Middle East forms part of MindTree’s ‘Rest of the World’ (ROW) market along with Japan, Australia and Singapore, which collectively contributed 10.8 per cent to its total earnings in Q3 FY ‘09-’10. MindTree sees the Middle East region to play a key role in its plan to become a USD 1 billion organization.

MindTree is taking particular interest in the UAE, with EIU forecasting that the country’s IT services market will grow annually by 13 per cent to reach almost USD 1 billion by 2011. MindTree is gearing up to address the need by further strengthening its alliance management, boosting its sales force, initiating and reinforcing strategic partnerships with local companies, and focusing on key sectors such as the government and the manufacturing industry.

“After a decline in 2009, the IT services market in the Middle East region is poised for another round of growth in 2010. Companies in the region are becoming increasingly interested in deploying high-end technologies to gain competitive advantage and save costs,” said MindTree President and CEO, IT Services, Anjan Lahiri. “Through the years, MindTree has partnered with leading technology players in the region, and delivered leading edge solutions to our customers.”

The demand for decision-makers to have access to accurate intelligence at their fingertips is also driving the growth of data warehousing and business intelligence in the Middle East, particularly in the UAE. Going beyond the UAE, MindTree has also outlined specific plans to work with strategic local partners for markets such as Saudi Arabia, Qatar and Kuwait following its success in Oman and Bahrain.

Specializing in IT services and ERP, independent testing, Infrastructure Services, and Analytics, MindTree has completed a number of high-profile implementations for several prestigious organizations in the region. The company also maintains strong relationships with Oracle (Oracle Partner), SAP (Partner Edge Status), IBM and Microsoft (Service Ready Partner).