IGATE CORP
Xerox names former iGate, Infosys executive Ashok Vemuri as new CEO of its BPO firm
Vemuri, who previously headed IT services provider IGATE Corp from September 2013 to October 2015, will join Xerox effective July 1.
Capgemini to use Igate's account management strategy for all its clients: CEO Paul Hermelin
Capgemini bought Igate Corp, the Nasdaq-listed technology firm founded by Ashok Trivedi and Sunil Wadhwani, for $4 billion last year and dissolved its brand earlier this year.
Capgemini to rejig structure, finish iGate buyout by mid-2016
Capgemini said it would complete the integration of iGate with itself by the middle of next year and will also put in place a new organisation structure.
CCI approves acquisition of IGATE Corp by Capgemini
French IT services company Capgemini's USD 4 billion deal to acquire IGATE Corp has got the approval from the Competition Commission.
iGate CEO Ashok Vemuri takes home handsome package of $1.79 million; Sujit Sircar, Srinivas Kandula also make big bucks
As part of 2014 non-equity incentive plans, Vemuri also stands to make upto 5.71 crore on top of his total salary for 2014.
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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IGate staff see a ray of hope in acquisition
A Pune-based employee remembers the company, before the Patni acquisition, as a small setup which was trying to compete with the larger players.
IT services company IGATE Q3 revenue jumps 3.5% sequentially
Revenue rose to $322.8 million for the quarter ended Sept 30. Net income rose to $37.3 million and the company paid down $126 million of debt in the same period.
iGate wins technology services contract from UBS
Under the terms of the contract, iGate will help UBS migrate towards a globally managed service for instrument reference data across all asset classes.
Rough road ahead for iGate post Phaneesh Murthy's sexual harassment scandal
The company has lost one $200 million technology outsourcing contract they had recently won and is likely to lose another one of similar value.
Phaneesh Murthy may lose about Rs 84 crore as severance benefits from iGate
Murthy, who was sacked yesterday for not disclosing a relationship with a subordinate, however, is entitled to a post termination benefit of $6,000 per month.
iGate can be $5bn co by value in 3 years: Phaneesh Murthy
Nasdaq-listed iGate Corp joined hands with private equity giant Apax Partners, triggering the biggest M&A deal in the Indian IT sector two years ago.
Apax buys more stake in iGate
The investment gives Apax rights to hold around 26% stake in the offshoring company. This remains the largest PE-backed buyout in India till date.
CCI approves merger between two iGate group firms
CCI said that proposed combination "is not likely to have an appreciable adverse effect on competition in India".
Apax Partners to introduce iGate to opportunities: Shashank Singh
Apax is focusing on helping iGate get more business from its own portfolio firms globally, Singh said.
iGate promoters Sunil Wadhwani & Ashok Trivedi reduce stake by 3%, sell shares for Rs 147 crore
The two promoters together sold off a total of 15 lakh shares for about $ 27.4 million (Rs 147 crore) in an open market transaction.
iGate-Patni ties up with Rio Tinto to provide R&D and engineering services
Rio Tinto expects to spend around $60 mn to $80 mn over next five years of partnership. Partnership to focus on creating next gen tech.
iGate's Phaneesh Murthy may have to negotiate an activist hedge fund to make come back as IT big boy
I am not denying that there can be two points of view on this matter (on close integration should have waited till after de-listing).
Phaneesh Murthy's fast-track integration of Patni with iGate not going down well with investors
Phaneesh Murthy's fast-track integration, many fear, may be skewed in favour of iGate and its investors rather than Patni.
US-based hedge fund Elliott Management Corp mops up Patni Computer Systems's floating stock ahead of delisting
Elliott Management Corp has picked up a 9.4% stake in Patni Computer Systems, possibly scuppering iGate Corporation's efforts to delist the IT firm.
iGate asked to pay Rs 11 cr tax for onsite work after Infosys
The I-T dept has asked iGate to pay around Rs 11 cr for assessment year 2007-08 on pure onsite software development and deputation of manpower.
iGate, Patni management get ready for integration
Deloitte has been appointed to advise on the best practices followed in integration of acquisitions, while Mercer will advise on the human resource strategy.
ICRA places iGATE under rating watch with negative implication
Rating agency ICRA today said it has placed the issuer rating of IrAA+ (I R double A) on iGATE Global Solutions Limited under rating watch with negative implications.
iGate falls 11% after Patni deal
Nasdaq-listed IT services provider iGate Corp was hammered by US investors and its shares fell 11% following its announcement to buy larger rival Patni Computer Systems for $1.22 billion on Monday.
iGate-Patni deal: Tax tangle may delay the deal by a week
The tax issues relate to Narendra Patni’s holdings in Patni Computer Systems, which are held through a US firm, Isolutions.
‘IT industry needs new business models’
Phaneesh Murthy talks about the present global tumult and what it holds for the IT sector as a whole and Indian IT services firms.
iGate Global to stop trading from Jan 25
iGate Global Solution will stop trading on the stock exchanges from the closing hours of trade on January 25. This is ahead of its de-listing from February 4.
iGATE: Right on target
The firm reported a robust growth in operational efficiency during the quarter ended September 2007 compared to the year-ago quarter as well as year-ago levels.
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