IGATE
Fire at Canada military base kills 4, at least 39 hospitalized including 19 critical
Four Canadian service members died and 39 others were injured during live-fire training in Alberta. The fire rapidly spread due to shifting winds, catching soldiers off guard during their exercises. Emergency medical responses involved multiple hospitals treating severe injuries, including burn victims requiring extensive care. The military is investigating the incident, while safety protocols will be reviewed based on the findings.
Capgemini's iGate acquistion: Was a sellout justified after Phaneesh Murthy and Ashok Vemuri's stints?
The same shareholders who backed former CEO Phaneesh Murthy on daring acquisitions, decided to sell iGate rather than run it under Vemuri.
Capgemini initiates buyout talks with IGate in November: Filing
According to the sales process detailed by IGate in the filing with the US Securities & Exchange Commission, the first approach was made in November.
Did IGate's Board wrong its shareholders? Law firms are examining
Five US-based law firms are investigating charges of whether IGate Board of Directors failed to maximise gains of shareholders.
Law firms look into alleged fiduciary duty violations by IGate
These law firms are reaching out to shareholders and investors of IGate to join their investigation to ascertain if the company's Board violated their mandate.
Capgemini’s IGate buy expensive, but justified due to company's strong hold in North America: Experts
It is marginally higher than the Bloomberg median of 14.6 for similar deals. This may make the IGate acquisition sound expensive.
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Apax pullout from IGate could trigger bidding war: Capgemini, Atos & Genpact in race for stake
US-listed company has been put on the block by Apax Partners, which owns about 30% of the company. Apax had financed IGate’s $1.2-billion takeover of Patni.
iGate's largest investor Apax looking to liquidate stake in firm
iGate filed an 'automatic shelf registration' with SEC announcing Apax's desire to have an option to liquidate its stake in the firm.
All matters with iGATE have been resolved: Phaneesh Murthy
In May 2013, Murthy was sacked from iGATE for failing to disclose his relationship with a subordinate, Araceli Roiz, and alleged sexual harassment.
iGate pays Phaneesh Murthy $4.6 million to settle dispute
In a recent earnings call, iGate CEO Ashok Vemury disclosed that the company had incurred a one-time charge for legal settlement of $4.6 million.
Ashok Vemuri abandons iGate revenue target set by Phaneesh Murthy
Ashok Vemuri has abandoned the lofty revenue target set by his predecessor Phaneesh Murthy eight months into his job as CEO of iGate Corporation.
iGate to sell bonds worth Rs 1,990 crore, use proceeds to repay debt
iGate in a statement today said: "It intends to offer, subject to market and other customary conditions, $ 325 million in aggregate principal amount of senior notes due 2019."
Ashok Vemuri’s entry sparks top-level exodus at iGate
One source who has been close to iGate said most of those quitting were people who were close to Phaneesh Murthy, Vemuri's predecessor.
iGate appoints Ashok Vemuri as president and CEO
Vemuri joins iGate from Infosys, where he was Head of Americas and Global Head of Manufacturing and Engineering, besides being a board member.
Phaneesh Murthy affair: Class action suit filed in US against iGate
The suit has been filed on behalf of persons or entities who purchased or acquired securities of iGate between March 14, 2012 and May 21, 2013.
Apax confident iGate will survive Phaneesh Murthy-gate turmoil
iGate had entered into a pact with Apax for part-financing over $ 1.2 billion buyout of a larger rival Patni Computer Systems in 2011.
Phaneesh Murthy scandal 2.0: Why & how iGate made an error in hiring the CEO
Does iGate, which has aspirations of becoming a global services company, have a policy about reputation-challenged managers?
iGate faces probe on any violation of Federal securities law
iGate is being investigated by a law firm to ascertain whether the company and its employees violated federal securities laws.
IT firm iGate revenues up 4%, Q1 net up 44% at $ 34.8 million
IT firm iGate today posted 44 per cent jump in net profit at $ 34.8 million for the first quarter ended March 31, 2013.
Phaneesh Murthy's iGate story failed to impress analysts after Patni buyout
Analysts say iGate has not only grown slower than overall IT industry but have also lost market share, taking a toll on Street's confidence in stock.
iGate to pay Rs 520 per share to delist Patni Computer
IGate Corp will pay Rs 520 for every share of Patni Computer Systems to de-list the information technology service firm from Indian stock exchanges.
Weyerhaeuser NR signs $30 mn deal with iGATE Patni
iGATE Patni will leverage its on-demand infrastructure services capability to help Weyerhaeuser’s IT organization respond to a dynamic business environment more efficiently and cost effectively
iGate completes acquisition of Patni Computers
Nasdaq-listed IT services company iGate announced a new go-to-market brand called 'iGate Patni' with a leaner 9-member executive team.
iGate shortlists Cognizant's veteran employee Debashis Chatterjee for COO rank
Cognizant's former employee Debashis had led its banking & financial services sector for over 7 yrs. After joining iGate, he may lead all verticals of the company.
iGate kicks off integration with Patni Computers
Industry watchers say iGate might have to deal with high attrition and loss of clients and how it tackles this challenge will be key to success.
iGate employees to get 125% of variable pay
A day after his deal with Patni Computer, iGate CEO Phaneesh Murthy provided a mega treat to his employees.
iGate & Apax to walk away with Patni for $1.2 bn
After months of speculation and anxious moments for investors, employees and customers of Patni Computer Systems, iGate became the new owner of the firm creating a combined entity that is close to a billion dollars in software export revenues.
iGate likely to win controlling stake in Patni Computers
Nasdaq-listed iGate Corporation may end up as the winner of controlling stake in Patni Computer Systems after the promoters decided not to accept the price and conditions imposed by rival bidder, private equity giant Carlyle.
iGate scrip hammered on Patni integration fears
iGate, which counts GE among its top customers and is in talks with promoters of Patni Computer Systems for a potential acquisition, saw its shares plunge by over 20% on Tuesday on concerns of integration with a rival double its size.
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