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MindTree to Open New U.S. Development Center

Gainesville, Florida Location Will Give MindTree's Clients Access to Engineering Talent in the Southeast (March 27, 2012)

WARREN, NJ and BANGALORE, INDIA -- (Marketwire) -- 03/27/12 -- MindTree Limited (NSE: MINDTREE), a global IT and Product Engineering Services Company, today announced that it will open its first major U.S. Development Center in Gainesville, Florida. MindTree's expansion of its U.S presence is expected to bring some 400 new jobs to the Gainesville area beginning late this summer.

"The Southeast is an untapped region for MindTree from a talent and client acquisition standpoint. Setting up our first major U.S. Development Center in Florida gives us a foothold into this region," said Scott Staples, President, Americas, MindTree Limited. "Gainesville, Florida is a great city with many positives: a thriving population of IT and engineering talent; a great place for our MindTree Minds to call home and; a strong partnership with the University of Florida."

MindTree's new U.S. Development Center reflects the Company's strategy to broaden its IT and software consulting offerings to its clients in the U.S.

"This expansion is great news for both Gainesville and for the entire state of Florida," said Governor Rick Scott. "MindTree's choice to expand in our state confirms that our state is doing the right things to attract innovative businesses like those in the IT sector. I look forward to signing the legislation that will put my Job Creation and Economic Development Agenda in place and make Florida even more attractive to companies looking to expand in a business-friendly state like ours."

"As we encourage Florida's students to study science, technology, engineering and math, it is great to see high-tech companies like MindTree come to our state," said Lt. Governor Jennifer Carroll. "In addition to making sure Florida has the best-educated workforce, our state is making sure business growth is not hindered by increasing taxes and burdensome regulation."

MindTree will be renovating and repurposing an existing structure located across from Gainesville's Innovation Hub and Innovation Square. This location will provide MindTree with close access to the University of Florida's Engineering and Computer Science programs.

"Gainesville is home to the State of Florida's top research university, the University of Florida, which fosters the development of innovative businesses seeking to change the world," said Michael Gallagher, chairman of the Gainesville Area Chamber of Commerce. "MindTree is just such a company, and we are thrilled to welcome its U.S. Development Center to our community. I believe the ecosystem formed between MindTree, the University of Florida and the Gainesville community will be a successful model many others will seek to follow in the future."

About MindTree Limited

MindTree Limited is a global IT and Product Engineering Services Company with deep knowledge in specific domains. MindTree is acknowledged as the best mid-size software services company in India for its capability to build, test and deploy solutions. The Company also places significant emphasis on culture, customer centricity and corporate governance. MindTree was awarded the "Best Corporate Governance, India, 2012" by World Finance magazine in 2012. MindTree is ranked No. 2 among the Most Admired Knowledge Enterprise (MAKE) India Award winners in 2011. In 2010, the Company ranked 13th in NASSCOM's listing of Top IT Software and Services Exporters in India (excluding BPO). Please visit us at

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For more information, contact:

Sweta Mohanty
MindTree Limited
+91 80 670 64857
Email Contact

Joanne Hogue
LVA Communications
Email Contact

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