MindTree ties-up with CIT for off-shore operations

By Staff
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Google Oneindia News

Bangalore, June 26 (UNI) Riding on the buoyant global outsourcing business flowing into India, MindTree today announced its tie-up with US-based CIT Group, a leading global provider of consumer finance solutions.

Talkng to newspersons here, Company Chairman and Managing Director Ashok Soota said MindTree would be the sole partner of CIT in India.

''The consultans will be responsible for application development and maintenance activities for CIT's specialty finance, sales, collaboration and corporate IT systems,'' he said.

It was CIT's first global off shore development centre, executed by MindTree, which has put in place a secured exclusive workplace at its Global Village facility on the outskirts of the city, he said and added the centre would have an initial head count of 75 consultants.

CIT Chief Information Officer Michael Baresich said while cost reduction was the key factor in many off shoring relationships, the company was focussed on implementing a strategy that would improve the quality of its internal processes, controls and metrics. ''We are looking at building a talented, global workforce. Though MindTree, CIT has the opportunity to access an economically-efficient pool of high quality talent,'' he said.

The work would be performed in India and the US in a collaborative environment. The model was based on a shared ownership and accountability. ''Out of the 70 consultants working in the initiative, only three were based onsite and the rest will be based in Bangalore,'' MindTree CEO Krishnakumar Natarajan said.

UNI

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