IGATE CORPORATION
Private equity giant Apax turns iGate debt into equity
The move was triggered by IGate stock price consistently trading above a threshold mark and the company's desire to reduce the debt overhang.
iGate executive Mukund Srinath accused of sexual harassment
Karetha Dodd commenced the case in September last year, alleging that she was subjected to harassment when she refused to have a sexual relationship with him.
IGATE launches corporate university in Pune
In addition to the corporate university, the campus will also house a new software development block and a customer experience center.
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.
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.
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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.
Sexual harassment charges against me false, an act of extortion: Phaneesh Murthy
According to Murthy charges were filed by Araceli Roiz a few days ago. "I am not certain if the employee will file harassment charges in court," he said.
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.
iGate Q4 net jumps 110% to $ 32.2 mn; revenue growth marginal
iGate today said its net income more than doubled to $ 32.2 million in the October-December quarter of 2012 on the back of corporate restructuring and strong customer additions.
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".
iGate launches ad campaign, looks to disrupt the traditional outsourcing model
iGate has been vocal about breaking the 'time-and-material' model with its out-come based strategy that would charge for the outcome of a project.
iGATE removes Patni from brand name
The name 'Patni,' representing Patni Computer Systems Limited, a majority owned subsidiary, has been removed from its brand identity.
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.
iGate accepts Patni delisting offer of Rs 520 per share
iGate has received around 15.9 million shares so far and money has been kept in an Escrow account for easy payment.
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).
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.
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 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 cancels announcement of deal with Patni
"The significant corporate development that was set to be announced on Monday is off," iGate said in a brief statement tonight without assigning any reasons.
iGate to control Patni with 60% stake buy
Nasdaq-listed iGate Corporation will sign definitive agreements to buy a controlling stake in Patni Computer Systems on Monday.
Patni Board to meet on Monday to approve sale to iGate
iGate corporation will buy around 60% stake in the company from the founders and private equity investor General Atlantic.
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 named among the top 50 global outsourcers company
iGATE, an integrated Technologies and Operations (iTOPS) company, today announced it has been named in the Black Book of Outsourcing's prestigious 2009 "50 Best Managed Global Outsourcing Vendors" list.
iGATE expands city operations
iGATE, the Integrated Technology and Opertions (iTOPS) company has expanded its global delivery facility in the city.
iGATE Corporation opens Mexican Operations
iGATE Corporation, an integrated Technology and Operations (iTOPS) firm, announced that it has launched a new USD 2 million facility in Guadalajara, Mexico.
iGate launches new retirement solutions
iGATE, the global integrated Technology and Operations (iTOPS) provider, announced its new retirement solutions practice.
iGATE opens Australian ICT facility in Ballarat
iGATE Corporation announced that its new $2 million Australia-based Information and Communication Technology (ICT) facility in Ballarat, Victoria, officially began operations on Friday.
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.
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