IT services company
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 for $4 billion.
[5]
History
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]
Under the
Companies Act
of 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
.
[6]
In 2011, IGATE acquired
Patni Computer Systems
, which was three times its size at the time.
[7]
With a value of around a billion US dollars, this acquisition was the largest cross-border leveraged transaction in the IT sector,
[
citation needed
]
and was accomplished over 12 months, including the de-listing of Patni from the Indian bourses and consolidating the shareholder value in the U.S.
[
citation needed
]
Initially. IGATE 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 six months. IGATE CEO Ashok Vemuri announced his departure on 6 October 2015.
[5]
In January 2016 Capgemini announced that IGATE would operate exclusively under the Capgemini brand, six months after completion of its acquisition of the US-based corporation.
[8]
Key services
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IGATE's key services included:
Locations
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]
IGATE 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
,
Trichy
,
Hyderabad
,
Noida
and
Gandhinagar
in India.
Its training and development facility, IGATE Corporate University, was in Pune, situated on 50 acres (200,000 m
2
) 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]
Recognition
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]
- Ranked 51st in the 2014
Fortune
"100 Fastest Growing Companies" list
[10]
- VCCircle
Award 2014
[11]
References
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]