IGate

  • Ex- Infosys Americas head Ashok Vemuri appointed as CEO of iGate 12-09-2013 11:43 AM

    Outsourcing firm iGate has appointed Ashok Vemuri as President and Chief Executive Officer with effect from September 16. The company had sacked former CEO Phaneesh Murthy in May this year over an undisclosed relationship with a subordinate. "After an extensive search process, we are delighted that Ashok will be joining...
  • Phaneesh Murthy appointed CEO of Patni 12-05-2011 05:10 PM

    Bangalore: iGATE on Thursday announced the successful completion of Patni acquisition and appointment of Phaneesh Murthy as CEO of Patni. Consequently, Jeya Kumar has stepped down as the CEO of Patni. iGATE entered into purchase agreements on January 10 this year to acquire a majority stake in Patni Computers. The...
  • iGate Q4 surges 71 pc at $14.72 mn 19-01-2011 07:05 PM

    New York: Nasdaq-listed software company iGate on Wednesday posted 70.56 per cent increase in net income at $14.72 million for the quarter ended December 31, 2010, but cautioned against a slower demand environment in 2011. "Q4 was an extremely strong quarter for us, thanks to iTOPS Consulting (one of its...
  • iGate makes open offer for 20.6 pc Patni stake 11-01-2011 11:46 AM

    Mumbai: Patni Computer Systems on Tuesday said that the US-based IT firm iGate has made an open offer for the 20.6 per cent stake in the company, in accordance with the requirements of the market regulator Securities and Exchange Board of India (SEBI). Yesterday, after several rounds of negotiations, the...
  • iGate acquires majority stake in Patni 10-01-2011 03:16 PM

    Bangalore: US-based iGate on Monday said it has acquired nearly 63 per cent stake in country's sixth largest IT firm Patni Computer Systems for $1.22 billion. iGate will buy 45.6 per cent of the shares of the three founders of Patni - Narendra Patni, Gajendra Patni and Ashok Patni -...
  • iGate set to announce deal to buy Patni 10-01-2011 11:29 AM

    Mumbai: US software firm iGate plans to host a press conference on Monday at which it is widely expected to announce a deal to buy India's Patni Computer for more than $900 million. The US company, backed by private equity firm Apax Partners, plans to pay around Rs 500 a...
  • iGate cancels announcement of deal with Patni 03-01-2011 10:54 AM

    New Delhi: IT firm iGate on Monday said it has called off announcement of its "significant corporate development", where it was expected to notify its deal for buying 63 per cent stake in Patni Computer Systems. "The significant corporate development that was set to be announced on Monday is off,"...