Under the terms of the agreement, Patni will provide worldwide process consulting and system integration services for Clear Technology's insurance and financial services solutions.

The new alliance is already proving beneficial at leading insurance and financial services companies in the U.S., UK and Asia Pacific regions. This relationship is a component of the framework that Patni has established with leading-edge software manufacturers focused on efficiency for insurance and financial services companies.

Patni's Professional Services leverage CMMi-5 and Six Sigma best practices and intimate knowledge of leading technology platforms to enable shorter implementation cycles and time-to-benefit for Clear Technology's insurance and financial services customers. Clear Technology provides software solutions that allow insurance and financial services companies to dramatically reduce operating costs while delivering substantial increase in productivity. Using its patented technology platform, Clear Technology is able to deliver its solutions faster and cheaper than existing alternatives.

"Patni and Clear Technology are united by a common goal - to improve the efficiency and fundamentally reduce administrative costs for insurance and financial services companies," said Bill Budde, Senior Vice President and Head of Insurance Business Unit, Patni Computer Systems. "Clear's proven solutions for insurance and financial services operations, along with Patni's domain and implementation expertise bring a compelling value-added combination for insurance and financial services companies to improve efficiency and lower operational costs."

Ray Wee, Chief Technology Officer, Clear Technology, added, "Our synergistic alliance is simple; by combining Clear's proven insurance and financial services solutions with Patni's globally-respected integration know- how, current and future customers stand to reap significant financial and operational benefits."