NIIT Technologies Announces Insurance Leadership Forum

To unveil Insurance framework for the Commercial Insurance industry

NIIT Technologies, a global IT services provider with North American headquarters in Atlanta, Georgia, today announced that it will host its first annual Insurance Leadership Forum in Miami, Florida from 22-24 April 2009.

The current economic scenario demands a fresh examination of challenges faced by Insurance IT executives. NIIT’s Insurance Leadership Forum will bring together some of the best minds in the industry – analysts, experts and CIOs, to exchange ideas, collaborate on best practices and assess their IT strategy. At the event, NIIT will unveil ipf³ – a software development framework for the commercial insurance industry. ipf³ was launched in Europe in October 2008 and is now available to the North American Insurance industry.

“The Insurance industry is facing the most significant economic and competitive challenges in its history. Mergers, consolidations, and failures are escalating, while competition from other financial services segments continues to rise. To be effective and successful in this rapidly evolving business climate, insurance majors are compelled to explore ways by which they can improve bottom-line operational efficiency and drive top-line growth, and still meet and exceed the expectations of their customers. We are confident the NIIT Technology Insurance Leadership Forum will be able to help address the issues facing the insurance industry today,” said Mr. Arvind Thakur, CEO & Joint Managing Director, NIIT Technologies.

“ipf³ delivers a new set of standards for the commercial insurance sector by reducing the cost-benefit curve of developing customized software for new insurance products,” said Mr. Lalit Dhingra, President, US Operations, NIIT Technologies.

Senior technology executives from the Insurance Industry will find significant value in attending this event. For further information on participating, please email Sunaina Singh (sunaina.singh {at} niit-tech(.)com).

About NIIT Technologies

NIIT Technologies is a leading IT solutions organization, servicing customers in North America, Europe, Asia and Australia. It offers services in Application Development and Maintenance, Enterprise Solutions including Managed Services and Business Process Management to organizations in the Insurance & Financial Services, Transportation, Retail & Distribution and Government sectors.

For further information please visit www.niit-tech.com.

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.

Contacts

NIIT Technologies Ltd
Media Queries
Sunaina Singh
United States: 1.201.936.5335
sunaina.singh {at} niit-tech(.)com
or
Stephen Stewart
Gutenberg Communications
United States: 1.646.775.631
stephen {at} gutenbergpr(.)com
or
Mohit
Investor Queries
India: 91.11.4669. 4674
mohit {at} niit-tech(.)com
investors@niit tech.com