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Mindtree Appraised at CMMI V2.0 Level 5 for Capabilities in Product Development and Services

Posted On: 2019-11-18 16:51:18

Mindtree, a global technology services and digital transformation company, has been appraised at Level 5 in the Capability Maturity Model Integration (CMMI)® V2.0, which represents a proven commitment to high quality software development processes and delivery standards. Mindtree is one of the first IT organizations to be globally recognized for the suite's Development and Services views.

Mindtree is a pioneer in optimizing and integrating standards and has demonstrated its full commitment for continuous process improvements and quality since its inception. The CMMI V2.0 appraisal further highlights Mindtree's capabilities in developing quality products and solutions that meet the needs of customers and end users, and its ability to effectively deliver quality service offerings that meet market and customer needs. Mindtree is one of the first IT organizations to be certified at Level 5 for both the Services Model and Development Model views simultaneously.

"Implementing successful and sustainable practices requires following internationally accepted standards and getting the necessary assurance from an independent agency," said Debashis Chatterjee, CEO & MD of Mindtree. "At a time when new technologies and new delivery methodologies are a norm, it was only logical for us to test ourselves on the new age framework of CMMI 2.0. This Level 5 assessment emphasizes the high level of rigor in data and metrics driven practices we follow and validates our delivery methodologies, systems and governance."

The CMMI V2.0 product suite enables organizations to analyze and appraise internal operations, and helps organizations measure their capabilities against best practices, pinpoint areas of improvement and achieve higher performance. An appraisal at CMMI Maturity Level 5 indicates that an organization continually improves their processes based on a quantitative understanding of its business objectives and performance.

QAI India Limited was Mindtree's appraisal partner in the maturity journey.

Shares of MINDTREE LTD. was last trading in BSE at Rs.703.15 as compared to the previous close of Rs. 692.75. The total number of shares traded during the day was 11568 in over 625 trades.

The stock hit an intraday high of Rs. 705.75 and intraday low of 687. The net turnover during the day was Rs. 8064874.


Source: Equity Bulls

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