Patni wins integrated IT, BPO services deal from US company

MUMBAI: Information Technology and BPO services provider Patni Computer Systems said on Tuesday it has won a multi-million dollar deal from Universal American, a senior health insurance company in the US.

"It is a five-year agreement for providing end-to-end policy administration services for Universal American Corp," Patni Computer said in a statement here.

In addition, Patni has also signed a definitive agreement to acquire CHCS Services Inc, a wholly-owned subsidiary of Universal American, it said.



Commenting on the development, Patni CEO Jeya Kumar said, "This move takes on dual significance for Patni in terms of growing our global life and healthcare insurance business as well as establishing us as a Third-Party Administrator (TPA)."

The acquisition would create a new hub for Patni in Pensacola Fla, and establish a new line of business for the company as a TPA in the insurance and healthcare sector, it pointed out.

"This acquisition is a major milestone in our endeavour to expand our platform based offerings," Patni SVP and Global Head - BFSI Ganesh Iyer said.