Genworth Financial, Inc. announced this week that Patni Computer Systems won its 2009 Strategic Supplier of the Year Award. The Strategic Supplier Partnership Initiative (SSPI) Award is given annually to recognize key suppliers critical to Genworth who show a commitment to embodying the Genworth values as well as demonstrating innovation, continuous improvement and cost performance.

Patni Computer Systems Ltd. is one of the leading global providers of Information Technology services and has provided Genworth with a broad range of application development and maintenance services, demonstrating continuous focus and energy on partnering with the company to identify opportunities for cost efficiency. "Patni developed industry expertise with an eye to grow business with Genworth. They leverage this expertise and provided value added services that improved specific capabilities in Genworth," said Sena Kwawu, SVP Finance Shared Services at Genworth Financial.

Companies also nominated for these awards include Direct Mail Solutions, Headway Corporate Resources, SIRVA Relocation, Oracle Corporation and Univita.

"The Strategic Supplier Partnership Initiative Program defines a unique relationship with Genworth and key suppliers focused on collaboration & value to provide solutions that support the company's specialty positioning. These relationships weathered a challenging 2009 because of our mutual commitment on relationship goals and deliverables. We continue to mature in this walk, and look to successful relationships that contribute to the expansion of capabilities in today's highly competitive world," Kwawu said.

"We are honored by this recognition from Genworth Financial which is a testament to Patni's customer-centric culture," said Ganesh Iyer, Global Head, Insurance, Patni Computer Systems Inc. "It has been our privilege to partner with Genworth Financial for over 14 years, working with them to successfully expand in their target markets and will continue to provide the same demonstrated dedication and commitment."

Genworth held its fifth annual SSPI Supplier Day and Awards Ceremony on March 22, 2010 to celebrate and honor those suppliers who helped the company not only take advantage of opportunities but also partnered with Genworth to meet the challenges of 2009.

About Genworth Financial

Genworth Financial, Inc. is a leading Fortune 500 global financial security company. Genworth has more than $100 billion in assets and employs approximately 6,000 people with a presence in more than 25 countries. Its products and services help meet the investment, protection, retirement and lifestyle needs of more than 15 million customers. Genworth operates through three segments: Retirement and Protection, U.S. Mortgage Insurance and International. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, which traces its roots back to 1871, became a public company in 2004 and is headquartered in Richmond, Virginia. For more information, visit genworth.com. From time to time Genworth releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the "Investors" section of genworth.com.

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SOURCE: Genworth Financial