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{{Short description|IT services company}}
{{Refimprove|date=January 2010}}
{{refimprove|date=March 2015}}
{{Infobox_Company |
{{EngvarB|date=May 2014}}
company_name = iGATE Corporation |
{{Use dmy dates|date=May 2014}}
company_type = Public (]: IGTE) |
{{Infobox company
company_logo = ] |
| name = IGATE Corporation
foundation = 1996|
| type = ]
location = ] and ] |
| traded_as = {{NASDAQ was|IGTE}}
key_people = Sunil Wadhwani and Ashok Trivedi, Co-founders and Chairmen<br>Phaneesh Murthy , President and CEO |
| fate = Acquired by ]
num_employees = 8000|
| founder = {{ubl|]|]}}
revenue = {{profit}}$192.2 million ]|
| defunct = {{End date|2015}}
industry = ] |
| logo = IGATE logo.svg
homepage =
| foundation = {{start date and age|1996}}
| location = ], U.S.
| area_served = North America, Europe, Japan & Australia
| key_people = ] (])
| industry = ], ]
| services = IT and Outsourcing services
| owner = ]
| homepage =
| footnotes = <ref>{{cite news|url=https://timesofindia.indiatimes.com/venture-capital/igate-co-founder-trivedi-floats-500m-family-office/articleshow/56194105.cms|title=iGate Co-Founder Trivedi Floats $500m Family Office|work=Times of India|date=27 December 2016 }}</ref><ref>{{cite web|url=http://ir.igate.com/investors/secfiling.cfm?filingID=1193125-13-111548&CIK=1024732|title=iGATE Corporation - Annual Report|work=igate.com|url-status=dead|archive-url=https://web.archive.org/web/20131203014716/http://ir.igate.com/investors/secfiling.cfm?filingID=1193125-13-111548&CIK=1024732|archive-date=3 December 2013|df=dmy-all}}</ref><ref>{{cite web|url=http://articles.economictimes.indiatimes.com/2013-09-12/news/42011774_1_igate-appoints-sunil-wadhwani-ceo-phaneesh-murthy|archive-url=https://web.archive.org/web/20130915184342/http://articles.economictimes.indiatimes.com/2013-09-12/news/42011774_1_igate-appoints-sunil-wadhwani-ceo-phaneesh-murthy|url-status=dead|archive-date=15 September 2013|title=IGATE appoints Ashok Vemuri as president and CEO|work=The Economic Times}}</ref>
}} }}


'''IGATE Corporation''' was an IT services company, headquartered in ], United States. The firm operated in North America, Asia, Europe, Japan and Australia, providing technology consultancy and services. Its revenues in 2014 were over US$1.2 billion, and it has a workforce of over 31,000. The firm had over 70 offices and customer delivery centers in North America, Europe, Asia and Australia. On April 27, 2015 French IT services group ] unveiled a deal to acquire IGATE for $4 billion.<ref name="FT">{{cite web|url=http://www.ft.com/fastft/313742/capgemini-buy-igate |title=Capgemini to buy IGATE in $4bn deal |publisher=FT |date=27 April 2015}}</ref>
'''iGATE Corporation''' is an ] firm founded and based in ] with an operational headquarters ]. The company specializes in business data processing and uses a structure known as iTOPS (integrated Technology and Operations Systems) to meet customer demands. Services provided include: IT consulting; application development, data warehousing, business intelligence solutions, ERP/enterprise solutions, BPO/business service provisioning, infrastructure management, testing/independent verification and validation, and contact center services. Offices are located in 16 countries and serve businesses in various fields. While the US has long been their operations center, the company is undergoing an aggressive expansion into ]{{Citation needed|date=January 2010}}. By 2012, the company wants to be a billion dollar organization, for which association should be with 100 of the global 1000 clients.


== History ==
On January 10, 2011, iGate has made a significant announcement that it has reached a definitive agreement to buy shares of the major shareholders of Patni Computer Systems Limited,a Mumbai based mid sized Software Services firm. These shares comprise 63% of Patni’s total outstanding shares. The proposed acquisition of the shares is subject to regulatory requirements and iGate is required to make an ‘Open Offer’ to acquire additional 20% of Patni’s shares from the open market as per Indian Laws. The total volume of the deal is estimated to be at $1.22 Bn. This deal will create an enterprise with close to $1b in revenues, 25,000 in headcount and having two $100m+ customers, two $50m+ customers and 36 $5m+ customers.
Under the ] of 1956, IGATE was originally incorporated as ''Mascot Systems Private Limited'', in 1993, and later renamed Mascot Systems Limited. It was formerly a subsidiary of Mastech Systems Corporation, now ].<ref>{{Cite web|url=https://economictimes.indiatimes.com/capgemini-technology-services-india-ltd/infocompanyhistory/companyid-3695.cms|title=Capgemini Technology Services India Information - The Economic Times|website=economictimes.indiatimes.com|access-date=2018-04-23}}</ref>


In 2011, IGATE acquired ], which was three times its size at the time.<ref>{{cite web|url=http://www.business-standard.com/article/technology/igate-completes-patni-acquisition-111051300074_1.html |
title=IGATE completes Patni acquisition |publisher=Business Standard |date=13 May 2011}}</ref> With a value of around a billion US dollars, this acquisition was the largest cross-border leveraged transaction in the IT sector,{{citation needed|date=March 2015}} and was accomplished over 12 months, including the de-listing of Patni from the Indian bourses and consolidating the shareholder value in the U.S.{{citation needed|date=May 2014}} Initially. IGATE changed its name to '''IGATE Patni'''. It was changed to IGATE again on 7 May 2012. Its shares are listed on the ] as "IGATE". On 27 April 2015, Capgemini announced it would be acquiring IGATE, the transition would be completed over a phase of six months. IGATE CEO Ashok Vemuri announced his departure on 6 October 2015.<ref name="FT" />


In January 2016 Capgemini announced that IGATE would operate exclusively under the Capgemini brand, six months after completion of its acquisition of the US-based corporation.<ref>{{citation|title=Capgemini completely dissolves iGATE brand|first=Varun|last=Aggarwal|url=https://www.thehindubusinessline.com/info-tech/capgemini-completely-dissolves-igate-brand/article8150782.ece|work=]|date=January 25, 2016}}</ref>
== IT Services ==


==Key services==
The company focuses more on productivity, quality, and knowledge management. The network of its contented customers has been benefited with the collective role of the investment strategies, technology and business outsourcing.
IGATE's key services included:
* Technology Consultancy
* Application Development and Maintenance *]
*Application maintenance
* Data Analytics
*] and ]
* Independent Verification and Validation
*]
* Infrastructure Management Services
*]
*Enterprise mobility
*Infrastructure management services
*P&ES embedded systems
*] (V&V)


== Locations ==
== Offices and development centers ==
=== Indian branches ===
iGATE has development centres and/or regional offices in the following Indian cities: ], ], ], ] with White Field, ] as its Indian Headquarters.


IGATE customer delivery centers were located in ]; ]; ], United States; ], Mexico; ], Ontario, Canada; ], Sweden; ], UK; ], Australia; ], China; and ], ], ], ], ], ], ] and ] in India.
On October 29, 2009, iGATE expands its Global Delivery facility at its corporate campus in ], Bangalore. The new facility provides 115,000 sq.feet of additional workspace with features like ] and ] lighting, an ozone-friendly air conditioning system, organic waste converter and a water recycling system.


Its training and development facility, IGATE Corporate University, was in Pune, situated on {{convert|50|acre|m2}} of land in the ] area, this campus included facilities for software development, training, customer care, and employee recreation. The IGATE (Patni) Knowledge Park accommodates 17,000 professionals.<ref>{{cite web|url=http://www.rediff.com/money/2004/apr/21patni.htm |title=Patni software park to seat 17,000 |work=Rediff.com |access-date=16 July 2010}}</ref>
=== Global units ===
Apart from India, iGATE has its branches in the following nations: ], ], ], ], ], ], ], ], ], ], ], ], ], ], ] with its global headquarters at [[F


== Employees == == Recognition ==
* Ranked 51st in the 2014 ''Fortune'' "100 Fastest Growing Companies" list<ref>{{cite web|url=http://fortune.com/100-fastest-growing-companies/igate-51/|title=IGATE|work=Fortune}}</ref>

* ] Award 2014<ref>{{cite web|url=http://awards.vccircle.com/winners2014.html|title=Winners 2014|publisher=vccircle.com|access-date=2015-04-28|archive-url=https://web.archive.org/web/20150416201155/http://awards.vccircle.com/winners2014.html|archive-date=16 April 2015|url-status=dead|df=dmy-all}}</ref>
Employees of iGATE are called with a nickname iGATORs. So far, 8000 employees are working in iGATE all over the world. Apart from their regular corporate activities, iGATOR's are participating in ] ] Projects like ], Computer training to village students, Sponsors of Habitat for Humanity projects etc.

== Awards ==

* In International Association of Outsourcing Professionals’ (IAOP) 2010 Global Outsourcing 100 List:
a) Ranked No 35, significant leap from No 59 in 2009
b) Named best 20 Global Outsourcing Leaders in UK and for the second successive year in Canada
c) Placed as one of the Top 20 global IT companies serving the Discrete Manufacturing Industry
d) Named as a leading IT vendor for the Insurance Industry

* iGATE Ranked No.3 in a survey conducted by Data Quest Magazine for "IT BEST EMPLOYERS".

* CNBC-TV18 Survey ranks iGATE as No.1 employer of choice in India in IT/ITeS Sector.

* Named as 2010 Global Services 100 provider for the third year in a row.

* Ranked in the FINTECH 100 2010 for the third year in a row.

* Awarded LEED (leadership in Energy and Environmental Design) Gold Certificate for new delivery facility in Bangalore, India.

* Won the Bronze Award from the League of American Communications Professionals LLC (LACP) in the 2009 Vision Award Annual Report Competition.

* iGATE’s printing governance solution wins the Best IT implementation of the year 2010 – Green IT category from PC Quest Magazine, India.

* The company has been assessed at CMMI Level 5, Six Sigma methodologies and is COBIT, ISO 9001 and ISO 27001 certified, ensuring the highest levels of quality and data security

* Won the prestigious Performance Excellence Trophy against the IMC Ramakrishna Bajaj National Quality Award Criteria 2009 in the Service Category.

* It has been ranked the second best employer in India across all industries in the Business Today-Mercer-TNS Best Companies to Work for survey.

== Competitors ==

iGATE's competitors in most of its business arenas are ], ], ], ], ] and ].


==References== ==References==
{{reflist}}
* iGATE Philosophy
* List of iGATE branches and its contact details around the globe.
* Awards and Press releases.
* Public Welfare projects of the company.
* List of competitors for iGATE.
* Vision of iGATE.

{{Pittsburgh Corporations}}

==External links==
* Official Website


] ]
] ]
] ]
] ]
] ]
]

Latest revision as of 23:01, 21 October 2024

IT services company
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IGATE Corporation
Company typePublic
Traded asNasdaq: IGTE
IndustryIT services, BPO
Founded1996; 28 years ago (1996)
Founder
Defunct2015 (2015)
FateAcquired by Capgemini
HeadquartersBridgewater, New Jersey, U.S.
Area servedNorth America, Europe, Japan & Australia
Key peopleSrinivas Kandula (CEO)
ServicesIT and Outsourcing services
OwnerCapgemini
Websitehttp://www.igate.com/
Footnotes / references

IGATE Corporation was an IT services company, headquartered in Bridgewater, New Jersey, United States. The firm operated in North America, Asia, Europe, Japan and Australia, providing technology consultancy and services. Its revenues in 2014 were over US$1.2 billion, and it has a workforce of over 31,000. The firm had over 70 offices and customer delivery centers in North America, Europe, Asia and Australia. On April 27, 2015 French IT services group Capgemini unveiled a deal to acquire IGATE for $4 billion.

History

Under the Companies Act of 1956, IGATE was originally incorporated as Mascot Systems Private Limited, in 1993, and later renamed Mascot Systems Limited. It was formerly a subsidiary of Mastech Systems Corporation, now Mastech Digital.

In 2011, IGATE acquired Patni Computer Systems, which was three times its size at the time. With a value of around a billion US dollars, this acquisition was the largest cross-border leveraged transaction in the IT sector, and was accomplished over 12 months, including the de-listing of Patni from the Indian bourses and consolidating the shareholder value in the U.S. Initially. IGATE changed its name to IGATE Patni. It was changed to IGATE again on 7 May 2012. Its shares are listed on the NYSE as "IGATE". On 27 April 2015, Capgemini announced it would be acquiring IGATE, the transition would be completed over a phase of six months. IGATE CEO Ashok Vemuri announced his departure on 6 October 2015.

In January 2016 Capgemini announced that IGATE would operate exclusively under the Capgemini brand, six months after completion of its acquisition of the US-based corporation.

Key services

IGATE's key services included:

Locations

IGATE customer delivery centers were located in Pensacola, Florida; El Paso, Texas; Sterling, Virginia, United States; Guadalajara, Mexico; Mississauga, Ontario, Canada; Stockholm, Sweden; London, UK; Ballarat, Australia; Suzhou, China; and Mumbai, Bangalore, Pune, Chennai, Trichy, Hyderabad, Noida and Gandhinagar in India.

Its training and development facility, IGATE Corporate University, was in Pune, situated on 50 acres (200,000 m) of land in the Navi Mumbai area, this campus included facilities for software development, training, customer care, and employee recreation. The IGATE (Patni) Knowledge Park accommodates 17,000 professionals.

Recognition

  • Ranked 51st in the 2014 Fortune "100 Fastest Growing Companies" list
  • VCCircle Award 2014

References

  1. "iGate Co-Founder Trivedi Floats $500m Family Office". Times of India. 27 December 2016.
  2. "iGATE Corporation - Annual Report". igate.com. Archived from the original on 3 December 2013.
  3. "IGATE appoints Ashok Vemuri as president and CEO". The Economic Times. Archived from the original on 15 September 2013.
  4. ^ "Capgemini to buy IGATE in $4bn deal". FT. 27 April 2015.
  5. "Capgemini Technology Services India Information - The Economic Times". economictimes.indiatimes.com. Retrieved 23 April 2018.
  6. "IGATE completes Patni acquisition". Business Standard. 13 May 2011.
  7. Aggarwal, Varun (25 January 2016), "Capgemini completely dissolves iGATE brand", Business Line
  8. "Patni software park to seat 17,000". Rediff.com. Retrieved 16 July 2010.
  9. "IGATE". Fortune.
  10. "Winners 2014". vccircle.com. Archived from the original on 16 April 2015. Retrieved 28 April 2015.
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