Patni Acquires Life Sciences Services Company Taratec for $27 Million

Business Wire, July 23, 2007

* Acquires high-end Life Science consultancy capability in the areas of Regulatory Compliance, Analytics, Drug Safety, and Pharmacovigilance

* Gains complementary capabilities in integrated services

* Gains access to a marquee client base

CAMBRIDGE, Mass. -- Patni Computer Systems (NYSE: PTI), a global IT services provider, announced the acquisition of Bridgewater, N.J.-based Taratec Development Corp. through Patni Computer Systems Inc. a wholly owned subsidiary of the Company, for an aggregate price of $27.2 million in cash including contingent consideration. With more than $20m in annual revenues, Taratec is a leading consulting company in the life sciences industry providing integrated business, information technology, and regulatory compliance products and services.

This acquisition is in line with Patni's strategy of enhancing its market specific services and provides additional capability to support the growing and diverse requirements of the Life Sciences market, from pharmacovigilance to demand-driven supply chains. Patni can now offer a global delivery model that provides end-to-end capabilities complete with established, life science expertise in specific, high-demand areas.

"Taratec brings deep domain expertise in the Life Sciences industry, excellent understanding of this regulated industry, long-term client relationships with the industry's leading companies and a fantastic reputation of service delivery in the industry," said Sunil Chitale, Senior Vice President and head of the manufacturing practice at Patni. "Their 20 years of Life Science consulting experience, coupled with Patni's integrated solutions model, strength in Supply Chain, Enterprise Applications deployment and Business Process Outsourcing will provide customers with a highly reliable service delivery model that can support any aspect of their business or technology lifecycle."

"Patni has the global presence, scale, organizational structure and complementary solutions to ensure overall business success," said Mark Kolb, Taratec CEO. "The Life Sciences market is going through a dramatic change. Patni's ability to support a wide variety of engagement models with a broad service portfolio will enable us to meet these needs. I am extremely excited at this opportunity."

"The cost of clinical product development in a regulated environment combined with the continued need for meeting stringent standards is putting immense pressures on organizations' operations and corporate governance," said Paul Thomas, President and CEO of LifeCell Corporation, a Taratec customer that develops and markets innovative tissue repair products. "We see the combination of Taratec's regulatory compliance and systems lifecycle management expertise, and Patni's global delivery capability as the best of both worlds. These combined efforts will enable organizations to make the necessary changes in their business operations that will support profitability, safety and quality goals while reducing product time-to-market."

About Taratec:

Taratec is a leading life science consulting company that provides integrated business, information technology, regulatory compliance, pharmacovigilance and drug safety solutions to pharmaceutical, biotechnology, and medical device organizations around the world. Taratec's services span the drug development life cycle, from R&D through manufacturing and distribution, and into post-marketing. Since its founding in 1984, Taratec has provided services to the vast majority of the world's most successful and prestigious life science organizations, including 18 out of the 20 largest companies. Taratec is headquartered in Bridgewater, N.J., with an operations center in San Juan, Puerto Rico. For more information, please visit www.taratec.com.

About Patni Computer Systems:

Patni Computer Systems Limited (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI) is a global provider of IT Services and business solutions, servicing Global 2000 clients. Patni caters to its clients through its industry-focused practices, including insurance, financial services, manufacturing, telecommunications and media, and its technology-focused practices.

With an employee strength of over 12,000; multiple global development centers spread across 12 cities worldwide; 21 international offices across the Americas, Europe and Asia-Pacific; Patni has registered revenues of US$ 579 million for the year 2006.

Patni's service offerings include application development and maintenance, enterprise application solutions, product engineering services, infrastructure management services, business process outsourcing, quality assurance and engineering services.

Committed to quality, Patni adds value to its client's businesses through well-established and structured methodologies, tools and techniques. Patni is an ISO 9001: 2000 certified and SEI-CMMI Level 5 organization, assessed enterprise wide at P-CMM Level 3. In keeping with its focus on continuous process improvements, Patni adopts Six Sigma practices as an integral part of its quality and process frameworks.