IGATE

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IGATE Corporation
Type Public company
Traded as NASDAQIGTE
Industry IT services, BPO
Founded 1996[1]
Headquarters Bridgewater, New Jersey, U.S.
Area served North America, Europe, Japan & Australia
Key people Ashok Vemuri (Chief Executive Officer)[2]
Services IT and Outsourcing services
Revenue Increase US$ 1.15 billion (2013)[3]
Net income Increase US$520 million (2013)
Employees 32,742 (June, 2014)
Website www.igate.com

IGATE is a global leader[citation needed] in providing integrated technology and operations-based solutions, headquartered in Bridgewater, New Jersey. IGATE engages with corporations in North America, Europe, Japan and Australia providing platform-based solutions to clients' business challenges by integrating technology and processes in a proprietary way. Revenues of IGATE are over US$ 1.1 billion, and it has a global workforce of over 31,000. IGATE has over 70 offices and customer delivery centers across North America, Europe, Asia and Australia. IGATE has been a pioneer in delivering solutions by integrating technology and operations that has an acronym ITOPS.

IGATE is an employer of choice in India, ranking in the top three employers across surveys. IGATE is also ranked second in Canada’s best employer survey conducted by Aon Hewitt and Queensland University. IGATE has also been recognized for its HR practices and leadership in the Asia HR awards, Singapore. IGATE’s competency management system is recognized by the American Society of Training and Development. IGATE is listed on NASDAQ under the symbol IGTE. [4] [5] [6]

Landmark Acquisition[edit]

IGATE, in 2011, acquired Patni Computer Systems – a company three times its size during that year. With a value of around a billion US dollars, this acquisition was the largest cross-border leveraged transaction in the IT sector. The integration and merger of the two companies was done smoothly[citation needed] and in quick pace of a period of 12 months, including the delisting of Patni Computer Systems from the Indian bourses and consolidating the shareholder value in the U.S.[citation needed]

Merging[edit]

iGATE US
iGATE Green Building Noida
iGATE Chennai

After the acquisition of Patni Computer Systems in 2011, it started the merging process and changed its name to iGATE Patni. It was changed to iGATE again on 7 May 2012. After breaking into the billion dollar club - helped by the 2011 Patni acquisition - IGATE led by former Infosys executive Phaneesh has been pursuing an aggressive strategy to change outsourcing industry's traditional model of charging for time and effort. Instead, Murthy wants to charge for outcomes delivered, thus sharing greater risk with clients. After all several Changes happen with new ambitions and aspirations. In May 2014 IGATE logo Changed with underscored by the tenets of Speed,Agility and Imagination. "[7][8]

Key industry verticals[edit]

  • Banking & Financial Services
  • Insurance
  • Manufacturing
  • Retail & Consumer Packaged Goods
  • Product & Engineering Solutions
  • Healthcare & Life Sciences
  • Media & Entertainment
  • Communications, Energy & Utili

Key services[edit]

Global Locations[edit]

IGATE has offices in the following nations: United States of America, Australia, Belgium, Canada, China, India, Mexico, Malaysia, Singapore, United Kingdom, Germany, Japan, Switzerland, South Africa and Sweden.

IGATE’s customer delivery centers are located in Pensacola, Florida; El Paso, Texas; Sterling, Virginia; Guadalajara, Mexico; Mississauga, Ontario; Stockholm, Sweden; London, UK; Ballarat, Australia; Suzhou, China; and Mumbai, Bangalore, Pune, Chennai, Hyderabad, Noida and Gandhinagar in India.

IGATE is on course to build a state of the art employee training center in Pune, India and is also rapidly expanding its facilities around the globe.[citation needed]

iGATE UK
iGATE Noida Courtyard
iGATE Knowledge Park
iGATE (Patni) Knowledge Park, Airoli, Navi Mumbai

Situated on 50 acres (200,000 m2) of land in the Navi Mumbai area, this campus includes facilities for software development, training, customer care, employee recreation, among others. The IGATE (Patni) Knowledge Park accommodates 17,000 professionals.[9]
The IGATE Knowledge Centre,[10] set up with an investment of Rs. 1.75 billion, complements the organization's green initiatives around efficient utilization and conservation of energy, water and natural resources. Developed on Green Architecture, the centre is spread over 5 acres (20,000 m2) and has a seating capacity of over 3500.

This facility is designed and constructed as per the guidelines of LEED (Leadership in Energy and Environmental Design) India Green Building Rating System for New Construction.[11]

Awards[edit]

Corporate and Business Awards:

  • Ashok Vemuri was elected to the Board of IT Governors at The World Economic Forum, Davos.[citation needed]
  • IGATE won the VCCircle Awards 2014 [12] under the category- Best PE/VC backed IT Company of the Year 2013.
  • IGATE was ranked as a high performer in the enterprise mobility space by HfS Research – a leading independent analyst authority and community for the global business services and outsourcing industry.[citation needed]
  • Sujit Sircar, CFO, IGATE, won the esteemed IMA India's ‘The Ninth India CFO Award for the year 2013' in the ‘Excellence in Mergers & Acquisitions' category.[citation needed]
  • IGATE's Solution for Reference Data Management – RADAR, won the award for ‘Excellence in Data Management' at FSOkx's 7th Annual Financial Services Outsourcing Forum, USA.[citation needed]
  • IGATE was placed in the top quadrant of "Established and Expansive" players for the third consecutive year in Zinnov's Global Service Provider Ratings – 2013, for its Product and Engineering Solutions
  • IGATE won the Golden Peacock Award for Corporate Governance in 2012.[citation needed]
  • IGATE was ranked No. 18 and also adjudged a ‘Leader' in The 2012 Global Outsourcing 100® List by The International Association of Outsourcing Professionals® (IAOP®).[citation needed]
  • IGATE won the ‘World Class Award', the highest achievement under the ‘Large Service Organizations' category, at the Global Performance Excellence Awards 2012 (GPEA).[citation needed]

HR Awards:

  • IGATE was named No.1 in Dataquest-CMR Best Employer Survey for 2012. With this, IGATE remained in the Top 3 for the sixth year in a row and for the second time, was ranked no.1.[citation needed]
  • IGATE was ranked No.2 in the 'Best Employer Survey in Greater Toronto Area' conducted by Aon Hewitt in collaboration with Queen's University, Canada.[citation needed]
  • IGATE bagged the coveted "Fun @ Work" award for 2013 at the World HRD Congress.[citation needed]
  • IGATE was recognized with two awards at the fourth Asia's Best Employer Brand Awards 2013. The Company was awarded for "Global HR Strategy," while Dr. Srinivas Kandula, Global Head – HR, IGATE was given the "HR Leadership Award".[citation needed]
  • IGATE’s employee engagement initiative – Thank God It’s Monday – a weekly musical program by IGATE’s in-house band called the Rubberband, is listed on the LIMCA Book of Records as the longest running corporate show.[citation needed]

Sustainability Awards:

  • IGATE was conferred with the Gold Level Award in the Healthy Workplace 2013 assessment. Arogya World – the global health non-profit organization, conducted the first edition of this assessment in India as part of the Clinton Global Initiative Commitment to Action leveraging workplaces as platforms for wellness advancement and chronic disease prevention.[citation needed]
  • IGATE's Bangalore campus was rated as the most green campus by the Mysore Horticultural Society[citation needed]

References[edit]