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NIIT Technologies Integrates Osprey, Drops Independent Branding
Aug 03, 2007 (08:08 AM EDT)
ATLANTA, Aug. 3 /PRNewswire/ -- NIIT Technologies Inc., and its parent company NITT Technologies Limited, a global IT service provider, announced today the complete integration of its SAP division, Osprey, into the company's global organizational structure. The SAP division (formerly Osprey), based at NITT Technologies Inc.'s US headquarters in Atlanta, will now operate under the brand name of 'NIIT Technologies.'
Osprey was an independent SAP strategic consulting firm focused on the manufacturing SMB market with the aim of providing reliable, high value services in implementing, maintaining and managing enterprise applications for customers in the ERP segment, when acquired by NIIT Technologies.
"Re-branding Osprey as 'NIIT Technologies' and relocating its headquarters to Atlanta tightens the alignment and integration between our SAP team and the rest of our global organization, thereby providing more breadth and scale to our customers," said Mr. Lalit Dhingra, President, NIIT Technologies Inc, USA.
New Delhi-based NIIT Technologies Limited recently announced its first quarter results for the quarter ended June 30, 2007, showing consolidated revenues of Rs. 229.4 crore, representing a growth of 20% over the same period last year.
About NIIT Technologies
NIIT Technologies is a leading IT solutions organization, servicing customers in North America, Europe, Japan, Asia and Australia. It offers services in Application Development and Maintenance; Enterprise Solutions including Managed Services (e.g. service desks or operations management); and Business Process Management to organizations in the Financial Services, Transportation, Government, Retail, Manufacturing and Government sectors.
NIIT Technologies follows global standards of development which include ISO 9001:2000 certification, assessment at Level 5 of both SEI-CMMi and People-CMM frameworks and BS 7799 information security management certification. NIIT Technologies' Thailand operations are assessed at the international BS15000 IT management standards. NIIT Technologies' subsidiaries, NIIT Smart Serve Limited and NIIT GIS Limited, offer Business Process Management and GIS Solutions respectively. For further information please visit www.niit-tech.com
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 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: Ria Mukherjee of NIIT Technologies Ltd +91 99100 34092, email@example.com; or Jyotsna Nanda of Brodeur India +91 9810499625,
Web site: http://www.niit-tech.com//