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Mindtree Recognized as Market Leader for Application Development and Maintenance Services by Research and Advisory Firm ISG

Posted On: 2018-09-10 11:51:01

Mindtree, a global technology services and digital transformation company, has been named a market leader in "next-gen" Application Development and Maintenance (ADM) services by Information Services Group (ISG), a leading global technology research and advisory firm.

The ISG Provider Lens™ Next-Gen ADM Quadrant Report recognized Mindtree as a leader in the areas of "Next-Gen ADM Services," Agile Development and Continuous Testing, among the 29 global service providers evaluated. ISG evaluated providers based on a set of criteria, including the scope and quality of their services portfolio, strategic vision and customer satisfaction.

The ISG report cites as differentiators for Mindtree:

- Rapid automation focus: Mindtree has built several in-house platforms and accelerators that use technologies like machine learning, automated code generation, robotic process automation, and chatbots to enable clients to automate more of their operations.

- Agile experience: Mindtree has about 4,400 global employees working in agile engagements, including agile coaches, scrum masters and architects. It has an Agile Center of Excellence in Gainesville, FL, which is a high-tech ideation and communications hub designed for agile transformation, consulting, delivery and digital business.

- Full-stack and cross-trained resources for Continuous Testing: Mindtree is focused on upskilling its employees across the value chain, from back-office to front-office, for continuous testing concepts and tools. Employees are being trained in areas like user experience and analytics.

"Our clients realize the power of continuous delivery to break-down silos and deliver better quality at a faster RPM," said Manas Chakraborty, Senior Vice President & Head of Enterprise Services at Mindtree. "This recognition from ISG reflects the sustained investments we have made to have a strong set of tools, frameworks and best practices to run IT in an integrated and efficient manner."

"Mindtree is well positioned as a 'Digital Anchor Partner' for global enterprise clients based on its technical prowess, thought leadership, on-shore consulting, automation, digital packages and platforms," said Ashish Chaturvedi, ISG principal analyst and author of the report.

"Most next-gen development activities are focused on solving business problems, improving revenue and profits, delivering superior customer experiences and enhancing overall brand value," said Esteban Herrera, partner and global leader of ISG Research. "At the same time, next-gen maintenance is focused on leveraging intelligent automation to reduce costs by 20 to 30 percent - savings that can be reinvested in development activities."

The ISG Provider Lens™ Quadrant report series provides valuable insights on service provider capabilities based on ISG's unique methodology, which blends empirical, data-driven research and market analysis with the real-world working experiences and observations of ISG's global advisory team.

Shares of MINDTREE LTD. was last trading in BSE at Rs.1158 as compared to the previous close of Rs. 1157.8. The total number of shares traded during the day was 64384 in over 2082 trades.

The stock hit an intraday high of Rs. 1173.25 and intraday low of 1146.95. The net turnover during the day was Rs. 74863835.


Source: Equity Bulls

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