Mumbai, February 14, 2008: NIIT Technologies, a leading IT solutions organization headquartered in New Delhi, today unveiled a new paradigm offering – ‘Software as a Service’ (SaaS). With this offering enterprise solutions can be made available for use by companies as and when required or ‘on demand’.

“Our SaaS offering is an exciting business innovation which transforms the traditional headcount based IT services model to a pay as you use platform. For the customer, it will reduce upfront investments, improve time for implementation and enhance business value through flexibility in deployment”, stated Mr. Arvind Thakur, CEO, NIIT Technologies.

‘Gartner predicts that by 2012, at least one-third of business application software spending will be as service subscription instead of as product license. They also predict that by 2010, 30% of new software purchases in Asia-Pacific will be delivered via an application utility or SaaS model. Analysts also report that the market potential for SaaS in Asia is estimated to reach $1.16 billion by 2010.

NIIT Technologies’ extended suit of SaaS based offerings will harness the potential of IT without huge upfront investments. The flexibility of the model is built around a ‘shared services’ concept where enterprises can feed from a common pool of customized IT applications. This scalable offering will offer full functionality of business processes and can be structured innovatively in terms of pricing which can be subscription based or transaction based with assured performance SLA’s.

Mr Arvind Mehrotra, Sr.Vice President & Head – APAC & India, NIIT Technologies said, “Initially the service from NIIT technologies will focus on the procurement process but will soon get extended to key business processes like Sales & Distribution, Financials and HR Management & Payroll”.

“This is a distinctly unique offering for the Indian market which can benefit medium-to-large corporate and government organizations”. He added.

“ProcureEasy”, the first of NIIT Technologies’ SaaS offering is a feature rich, user friendly solution that meets the diverse procurement process needs of large enterprises.

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 and Business Process Management to organizations in the Financial Services, Transportation, Retail, Manufacturing and Government sectors

NIIT Technologies’ software development processes are assessed at SEI CMMI – Level 5 Version 1.2. It’s human resource processes are assessed at the highest level if maturity at PCMM Level 5. Further NIIT Technologies has processes and systems for information security management certified in accordance to the ISO 27001 standard, and its facilities offering Managed Services conform to ISO 20000 standard of Service Management.

Safe Harbor
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 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.

For media queries please contact:
Ria Mukherjee
NIIT Technologies Ltd
+91 99100 34092
ria.mukherjee@niit-tech.com

Jyotsna Nanda
Brodeur India
+91 98104 99625
jnanda@brodeurindia.com