IGATE

IGATE Corporation

Former type	subsidiary
Industry	IT services, BPO
Fate	acquired by Capgemini
Founded	1996[1]
Defunct	2015
Headquarters	Bridgewater, New Jersey, U.S.
Area served	North America, Europe, Japan & Australia
Key people	Sunil Wadhwani (Co-Founder)[2] Ashok Trivedi (Co-Founder)[3] Srinivas Kandula (Chief Executive Officer)[4]
Services	IT and Outsourcing services
Revenue	US$ 1.27 billion (2014)[5]
Number of employees	31,453 (March, 2015)
Parent	Capgemini
Website	www.igate.com

IGATE 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 in a $4bn deal.^[6]

History

Under the Companies Act, 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.^[7]

In 2011, IGATE, acquired Patni Computer Systems–a company three times its size at the time.^[8] With a value of around a billion US dollars, this acquisition was the largest cross-border leveraged transaction in the IT sector. 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. 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 NYSE 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.^[6]

Key services

IGATE's key services included Application Development and Application Maintenance, Business Intelligence and Analytics, Business Process Outsourcing, Cloud Services, Enterprise Mobility, Infrastructure Management Services, P&ES Embedded systems, Product Verification and Validation(P&ES), and Verification & Validation(V&V).

Locations

Its 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, Hyderabad, Noida and Gandhinagar in India. Its training and development facility, IGATE Corporate University, was in Pune.

Situated on 50 acres (200,000 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.^[9]

Awards

• Ranked 51st in Fortune's100 Fastest Growing Companies list in 2014.^[10]
• VCCircle Award 2014^[11] under the category - Best PE/VC backed IT Company of the Year 2013.

References