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Patni Computer Secures Seven-Year Contract With Serco Learning

(RTTNews) - IT and BPO services provider Patni Computer Systems Ltd. said it had secured a seven-year contract for the development and delivery of 'Progresso'--Serco's new information management platform for schools.

Progresso is a centrally hosted management information platform that provides relevant data, tools and services directly to schools, parents and local authorities. It will reinforce Serco Learning's position as a provider of high quality and innovative solutions in education, and over time will replace Serco's existing platform--'Facility'.

The Progresso platform is being designed by Serco and developed by Patni, and will be available at the of next year. Serco will continue to provide direct user support and market direction for, both, 'Facility' and 'Progresso'.

Patni and Serco will deliver the new 'Progresso' platform and then optionally host it a s managed service to schools, academies and local authorities.

The company said it also bagged a seven-figure contract from Codan Group in Scandinavia to provide application managed services. The insurance group appoints Patni from shortlist of five to manage key applications over three years.

The Codan Group is part of the insurance giant RSA Group and operates in Denmark, Sweden, and Norway.

At the BSE, Patni shares are currently trading at Rs.539.30, up by 2.16% from the previous close.