IGATE

2021-09-28T08:13:30Z

212.61.103.56:

{{Short description|IT services company}}
{{refimprove|date=March 2015}}
{{EngvarB|date=May 2014}}
{{Use dmy dates|date=May 2014}}
{{Infobox company
| name = IGATE Corporation
| type = Public
| fate = Acquired by [[Capgemini]]
| defunct = 2015
| logo = IGATE logo.svg
| foundation = 1996<ref>{{cite web|url=http://ir.igate.com/investors/secfiling.cfm?filingID=1193125-13-111548&CIK=1024732|title=iGATE Corporation - Annual Report|work=igate.com|url-status=dead|archive-url=https://web.archive.org/web/20131203014716/http://ir.igate.com/investors/secfiling.cfm?filingID=1193125-13-111548&CIK=1024732|archive-date=3 December 2013|df=dmy-all}}</ref>
| location = [[Bridgewater, New Jersey]], U.S.
| area_served = North America, Europe, Japan & Australia
| key_people = [[Sunil Wadhwani]] (co-founder)<ref>{{cite web|url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=120380&privcapId=45821899|title=Bloomberg: Sunil Wadhwani Profile|work=Bloomberg}}</ref>
[[Ashok Trivedi]] (co-founder)<ref>{{cite web|url=https://timesofindia.indiatimes.com/venture-capital/igate-co-founder-trivedi-floats-500m-family-office/articleshow/56194105.cms|title=iGate Co-Founder Trivedi Floats $500m Family Office|work=Times of India}}</ref>
[[Srinivas Kandula]] ([[Chief Executive Officer|CEO]])<ref>{{cite web|url=http://articles.economictimes.indiatimes.com/2013-09-12/news/42011774_1_igate-appoints-sunil-wadhwani-ceo-phaneesh-murthy|title=IGATE appoints Ashok Vemuri as president and CEO|work=The Economic Times}}</ref>
| industry = [[IT service management|IT services]], [[Information technology|BPO]]
| services = IT and Outsourcing services
| owner = [[Capgemini]]
| homepage = [https://web.archive.org/web/20160113105757/http://www.igate.com/ http://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 for $4 billion.<ref name="FT">{{cite web|url=http://www.ft.com/fastft/313742/capgemini-buy-igate |title=Capgemini to buy IGATE in $4bn deal |publisher=FT |date=27 April 2015}}</ref>

== History ==
Under the [[Companies Act 2013|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]].<ref>{{Cite web|url=https://economictimes.indiatimes.com/capgemini-technology-services-india-ltd/infocompanyhistory/companyid-3695.cms|title=Capgemini Technology Services India Information - The Economic Times|website=economictimes.indiatimes.com|access-date=2018-04-23}}</ref>

In 2011, IGATE acquired [[Patni Computer Systems]], which was three times its size at the time.<ref>{{cite web|url=http://www.business-standard.com/article/technology/igate-completes-patni-acquisition-111051300074_1.html |
title=IGATE completes Patni acquisition |publisher=Business Standard |date=13 May 2011}}</ref> With a value of around a billion US dollars, this acquisition was the largest cross-border leveraged transaction in the IT sector,{{citation needed|date=March 2015}} 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|date=May 2014}} 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.<ref name="FT" />

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.<ref>{{citation|title=Capgemini completely dissolves iGATE brand|first=Varun|last=Aggarwal|url=https://www.thehindubusinessline.com/info-tech/capgemini-completely-dissolves-igate-brand/article8150782.ece|work=[[Business Line]]|date=January 25, 2016}}</ref>

==Key services==
IGATE's key services included:
*[[Software development|Application development]]
*Application maintenance
*[[Business intelligence]] and [[Analytics]]
*[[Business process outsourcing]]
*[[Cloud computing|Cloud services]]
*Enterprise mobility
*Infrastructure management services
*P&ES embedded systems
*[[Verification and validation]] (V&V)

== Locations ==

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 {{convert|50|acre|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.<ref>{{cite web|url=http://www.rediff.com/money/2004/apr/21patni.htm |title=Patni software park to seat 17,000 |work=Rediff.com |access-date=16 July 2010}}</ref>

== Recognition ==
* Ranked 51st in the 2014 ''Fortune'' "100 Fastest Growing Companies" list<ref>{{cite web|url=http://fortune.com/100-fastest-growing-companies/igate-51/|title=IGATE|work=Fortune}}</ref>
* [[VCCircle]] Award 2014<ref>{{cite web|url=http://awards.vccircle.com/winners2014.html|title=Winners 2014|publisher=vccircle.com|access-date=2015-04-28|archive-url=https://web.archive.org/web/20150416201155/http://awards.vccircle.com/winners2014.html|archive-date=16 April 2015|url-status=dead|df=dmy-all}}</ref>

==References==
{{reflist}}

[[Category:Outsourcing in India]]
[[Category:Outsourcing companies]]
[[Category:Consulting firms established in 1996]]
[[Category:Information technology companies of the United States]]
[[Category:Companies formerly listed on the Nasdaq]]
[[Category:Information technology consulting firms of the United States]]

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