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{{Short description|IT services company}}
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{{Infobox company {{Infobox company
| name = IGATE Corporation | name = IGATE Corporation
| type = Public | type = ]
| traded_as = {{NASDAQ was|IGTE}}
| fate = Acquired by ] | fate = Acquired by ]
| founder = {{ubl|]|]}}
| defunct = 2015 | defunct = {{End date|2015}}
| logo = IGATE-Logo.png | logo = IGATE logo.svg
| foundation = 1996<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|deadurl=yes|archiveurl=https://web.archive.org/web/20131203014716/http://ir.igate.com/investors/secfiling.cfm?filingID=1193125-13-111548&CIK=1024732|archivedate=3 December 2013|df=dmy-all}}</ref>
| foundation = {{start date and age|1996}}
| location = ], U.S. | location = ], U.S.
| area_served = North America, Europe, Japan & Australia | area_served = North America, Europe, Japan & Australia
| key_people = ] (])
| key_people = ] (Co-Founder)<ref>{{cite web|url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=120380&privcapId=45821899|title=Bloomberg: Sunil Wadhwani Profile|work=Bloomberg}}</ref>
] (Co-Founder)<ref>{{cite web|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}}</ref>
] (Chief Executive Officer)<ref>{{cite web|url=http://articles.economictimes.indiatimes.com/2013-09-12/news/42011774_1_igate-appoints-sunil-wadhwani-ceo-phaneesh-murthy|title=IGATE appoints Ashok Vemuri as president and CEO|work=The Economic Times}}</ref>
| industry = ], ] | industry = ], ]
| services = IT and Outsourcing services | services = IT and Outsourcing services
| owner = ] | owner = ]
| homepage = {{URL|http://www.igate.com/}} | 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''' 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 in a $4bn deal.<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''' 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>


== History == == History ==
Under the ], 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|last=|first=|date=|website=economictimes.indiatimes.com|archive-url=|archive-date=|dead-url=|access-date=2018-04-23}}</ref> 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 ]–a company 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= 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 |
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}} The acquisition was accomplished over 12 months, including the delisting of Patni from the Indian bourses and consolidating the shareholder value in the U.S.{{citation needed|date=May 2014}} Initially. iGATE firm 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 6 months. IGATE CEO Ashok Vemuri announced his departure on 6 October 2015.<ref name="FT" /> 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>


==Key services== ==Key services==
IGATE's key services included ] and Application Maintenance, IGATE's key services included:
*]
*Application maintenance
] and ], *] and ]
], *]
], *]
Enterprise Mobility, *Enterprise mobility
Infrastructure Management Services, *Infrastructure management services
P&ES Embedded systems, *P&ES embedded systems
Product Verification and Validation(P&ES), *] (V&V)
and ](V&V).


== Locations == == Locations ==


Its customer delivery centers were located in ]; ]; ], United States; ], Mexico; ], Ontario, Canada; ], Sweden; ], UK; ], Australia; ], China; and ], ], ], ],], ], ] and ] in India. Its training and development facility, IGATE Corporate University, was in Pune. IGATE customer delivery centers were located in ]; ]; ], United States; ], Mexico; ], Ontario, Canada; ], Sweden; ], UK; ], Australia; ], China; and ], ], ], ], ], ], ] and ] in India.


Situated on {{convert|50|acre|m2}} 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.<ref>{{cite web|url=http://www.rediff.com/money/2004/apr/21patni.htm |title=Patni software park to seat 17,000 |publisher=Rediff.com |accessdate=16 July 2010}}</ref> 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>


== Awards == == Recognition ==
* Ranked 51st in Fortune's100 Fastest Growing Companies list in 2014.<ref>{{cite web|url=http://fortune.com/100-fastest-growing-companies/igate-51/|title=IGATE|work=Fortune}}</ref> * 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|accessdate=2015-04-28}}</ref>{{dead link|date=January 2019}} under the category - Best PE/VC backed IT Company of the Year 2013. * ] 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>


==References== ==References==
{{reflist}} {{reflist}}

{{Pittsburgh Corporations}}
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] ]
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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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