Hyderabad, India. November 21, 2011: Pennant Technologies, the leading technology services and solutions provider for the Middle East banking and financial sector, announced that it had reached a key milestone with the confirmation of Capability Maturity Model® Integration (CMMI®- DEV) Maturity Level 3 rating for its process framework by Software Engineering Institute’s (SEI) authorized Lead Appraiser.
CMMI is an internationally recognized method for evaluating and measuring the maturity of an organization’s development processes. Developed by a group of experts from industry, government, SEI, and Carnegie Mellon University, CMMI is the most elaborate and tested process model framework for deployment in software and systems engineering organizations.
“At Pennant we always believe that Service delivery excellence can only be achieved with effective underlying process framework and we always focused on achieving the process excellence.”- said Rama Krishna Raju, CEO of Pennant.
He further added that “Our goal in attaining the CMMI Level 3 rating is to benchmark our process framework against the worlds proven framework model and we are truly delighted with the outcome of the rigorous CMMI – DEV Maturity Level 3 appraisal processes.”
“Establishing and benchmarking our global development processes to the rigorous standards set by SEI’s CMMI model reaffirms our commitment to process excellence and our ability to deliver projects efficiently and with unmatched quality. In order to accommodate different processes, standards, project types and client needs, Pennant has implemented right fit process improvement framework that is now proven to be flexible, extensible and scalable.”
“As technology continues to proliferate, it is more important than ever for companies today to select a technology partner that not only has breadth of experience, but also holds their development processes to the highest standards.”
“Earning this certification proves that we are continuously working to provide high-quality solutions to our clients and driving phenomenal value at each project engagement. This is a milestone for Pennant.” Said Ramakrishna Raju, CEO.
The CMMI® Maturity Level 3 rating demonstrates Pennant’s level of commitment to excellence and dedication to quality in the management and development of software solutions.
About Pennant Technologies:
Pennant Technologies is a dynamic and innovative software solutions and services company providing end-to-end services and solutions to clients in the banking and financial sector.
Pennant Technologies understands customer’s imperatives to leverage on IT investment and to effectively utilize on IT as a capability builder. Pennant positioned itself to deliver business capability in-line with customer expectations leveraging on its matured domain expertise and phenomenal technological insights.
Pennant Technologies collaborates with client to generate more value through an innovative approach, and delivering business capabilities with well-integrated and matching technologies.