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- IGATE is an IT services company founded in 1996 based in New Jersey that operates globally providing technology consultancy and services. - It has over 31,000 employees working in industries like banking, insurance, manufacturing, and healthcare. - Services include application development, maintenance, business processes, cloud services, and more. - Locations include the US, Europe, Asia, and India with delivery centers and a training facility. - In 2015, IGATE was acquired by French IT services group Capgemini in a $4 billion deal.
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This document summarizes a deal involving the acquisition of Patni Computer Systems by iGate Corporation. It provides details on the companies and shareholders involved, including iGate Corp, Patni, General Atlantic Mauritius Limited, Apax Partners, and Viscaria Limited. It describes the deal structure and price of INR 503.50 per Patni share. Experts believe this valuation is beneficial for Patni shareholders. The deal would create a combined company with revenue of $941 million and allow Patni to benefit from iGate's more regulated management. The deal is considered favorable for both companies.
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- 2. • IGATE is an IT services company founded in1996, headquartered in Bridgewater, New Jersey. • The firm operates in North America, Asia, Europe, Japan and Australia, providing technology consultancy and services. • iGATE firm changed its name to iGATE Patni. It was changed to IGATE again on 7 May 2012. • On April 27, 2015 French IT services group Capgemini unveiled a deal to acquire IGATE in a $4bn deal. • President and CEO of IGATE is Mr. Ashok Vemuri. • Number of Employees: 31,453 (march 2015)
- 3. • Banking & Financial Services • Insurance • Manufacturing • Retail & Consumer Packaged Goods • Product & Engineering Solutions • Healthcare & Life Sciences • Media & Entertainment • Communications, Energy & Utility
- 4. • Application Development • Application Maintenance • Business Intelligence & Analytics • Business Process Outsourcing • Cloud Services • Engineering Design Services • Enterprise Application Solutions • Enterprise Mobility • Infrastructure Management Services • P&ES Embedded systems • Product Verification & Validation • Verification & Validation
- 5. Locations • Its customer delivery centers are located in Pensacola, Florida; El Paso, Texas; Sterling, Virginia; Guadalajara, Mexico; Mississauga, Canada; Stockholm, Sweden;London, UK; Ballarat, Australia; Suzhou, China. • And Mumbai, Bangalore, Pune, Chennai, Hyderabad, Noida and Gandhinaga r in India. • Its training and development facility, IGATE Corporate University, is in Pune.
- 6. Awards • Ranked 51st in Fortune's100 Fastest Growing Companies list in 2014. • VCCircle Award 2014, under the category - Best PE/VC backed IT Company of the Year 2013. Note: private equity / venture capital backed company circles.
- 7. About Capgemini • Paul Hermelin, the chairman and CEO of the Capgemini group has led the company since his appointment in December 2001. • CEO of the Capgemini, India is aruna jayanthi