Friday, 31 October 2008

MindTree, Murex Form Strategic Partnership

MindTree, a global IT and R&D Services Company, and Murex, a provider of cross-asset trading, risk management and processing solutions, have announced a strategic partnership.

As per the agreement, MindTree becomes a preferred partner of Murex for system implementation and support services and hosts the Murex Offshore Development Center (ODC) in Bangalore, India.

The ODC provides an extension of the new Murex division, CDS (Customer Delivery Services), and serves Murex’s technology needs in system implementation tools and technologies. The first assignments will focus on the Murex MX.3 platform upgrade program and will include report and datamart development and conversions.

The current team of Murex consultants at MindTree is approximately 100 people and is expected to grow rapidly and cover the full spectrum of Murex capabilities.

“Over the course of our relationship, MindTree has demonstrated the ability to provide a talent pool that understands our solutions and we have delivered several successful engagements jointly, including those for some large European, Australian and Asian banks. Combined with our closely aligned corporate values, we feel this partnership will bring seamless professional support and reduced Total Cost of Ownership to our customers,” said Philippe Helou, founding partner, Murex.