NASDAQ LISTED IGATE
IGATE sells domestic IMS for Rs 5 million before buyout by Capgemini
Under the agreement, MindSquare has acquired the entire Indian customer base of IGATE, along with its over 400 employees.
iGate posts flat profit at $38 million, sees sequential decline in revenue
The firm has been hurt mainly by currency fluctuations that have also hit rivals such as Tata Consultancy Services and Infosys in the March quarter.
Capgemini likely to acquire Nasdaq-listed Igate
Igate employs 33,000 people, most of that in India. In January, Over 40% of Capgemini's global workforce of 1.41 lakh employees is based in India.
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.
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.
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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.
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.
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.
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.
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 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.
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.
iGate posts net profit of $14.3 million
iGate Corporation on Thursday reported over three-fold year-on-year increase in revenues for the quarter ended September 30.
iGate Q2 net down 64% at $4 million
Acquisition costs dragged down profits of Nasdaq-listed iGate by 64% in the quarter ended June 30, 2011, to $4 million from $11.2 million in the corresponding quarter last year.
Patni Computer slips into red with Rs 51.5 cr net loss due to severance pay
Phaneesh Murthy, CEO and MD of Patni, expects results to stabilise in 2012 after integration expenses and accounting charges related to acquisition have evened out.
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 beats Wall St estimates, Q4 net jumps 71%
NASDAQ-listed iGATE beat Wall Street expectations by reporting a 71% jump in fourth quarter net income to $14.7 million and a 55% rise in revenue to $81 million.
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.
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's Patni buy fails to cheer its US investors
Nasdaq-listed IT services provider iGate was hammered by US investors & its shares fell 11% following its announcement to buy Patni.
Delay in iGate-Patni Computer deal
Nasdaq-listed iGate, which was expected to announce the acquisition of a controlling stake in Patni Computer Systems at a media conference on Monday, has cancelled the event.
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 set to acquire Patni Computer in $1 bn deal
The deal marks culmination of efforts made by promoters and PE firm General Atlantic to sell their stake in Patni since 2007.
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.
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