About Meritus

 
The proven scientific approach taken by Meritus to provide direction enables multinational corporations and enterprises alike to optimize business performance. Skilled in econometrics and data analytics, and business insights consulting Meritus empowers business organizations to make better-informed decisions, thereby providing the means for greater productivity and return on investment. By harnessing advanced technologies, we apply these skills to process
vast volumes of data so that clients can probe and measure every element of business to arrive at valuable insight. In short, Meritus translates data into decisions.
“As a WPP/GroupM Company venture (NASDAQ: WPPGY), in partnership with Mindtree Consulting” , Meritus is a one-stop-shop provider of Knowledge Process Off-shoring (KPO), with vertical industry expertise in consumer durables & packaged goods, finance, healthcare, marketing, retail and telecoms.
The company serves clients all over the world from a leading-edge project centre in India’s Bangalore, a regional HQ in Singapore and a presence in China, North America and Australia. Our strategic partnership with Covansys combines strengths in technology, infrastructure and process maturity to provide a quality KPO operation.
About WPP
WPP is one of the world's leading communications groups. Through companies and associates, WPP offers a comprehensive and integrated range of communications services to national and multinational clients. Our companies work with more than 330 of the Fortune Global 500, in excess of one-half of the NASDAQ 100 and more than 30 of the Fortune e-50. Please visit www.wpp.com for further information.
MindTree - Background, Financials and Customer Base

MindTree is a public listed company (MindTree) co-headquartered in Bangalore India & Warren, New Jersey. The company was founded in 1999, as a next generation IT services company, by leading industry professionals who came from Cambridge Technology Partners, Lucent Technologies and Wipro and was led by Ashok Soota, who was then the Vice Chairman of Wipro, one of India's largest software companies.
MindTree is a profitable, high-growth organization.  Our revenues in our 6th year, last year (FY 2006-07) were USD 132 Million. Our current employee strength is 4950. Some key financial highlights of MindTree are:
- Cash positive for the last 4 years
- Profitable for the last 12 quarters
Cash and cash equivalents as of 31 March 2007 exceeding $22 Million

Business Structure and Customer Base

MindTree is organized into two main business units: IT Services and R&D Services.
IT Services business unit of MindTree Consulting focuses around developing and maintaining business enabling enterprise solutions in the areas of Internet technologies, Data warehousing, ERP, Testing services and Legacy technologies- specializing in the industry verticals of Banking, Financial Services and Insurance (BFSI), Travel and Manufacturing.
R&D Services is focused on product engineering expertise in the areas of VLSI/IC Design, Wireless, Bluetooth, UWB, Board Design, Embedded Software Development, Datacom Protocol Development, Network Management Solutions and Turnkey Electronic Product Design.

In 7 years of its existence, MindTree has worked for over 250 customers across the globe, many of whom are large Fortune 500 companies like Franklin Templeton Investments, eBay, one of the world’s topmost Insurance providers and GE in the US; Volvo, Siemens, IATA, and Royal Mail Group in Europe and Prudential, Murex, Unilever and Emirates Airlines in Asia. The current customer strength is 175 of which 37 are in the Manufacturing space.

 
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