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DGAP-News: iGATE Corporation Strides Towards 'One Company'
ID: 632040
(firmenpresse) - iGATE Corporation
07.05.2012 05:30
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Removes Patni From Brand Name; Single, Go-to-Market Brand to be Called iGATE
FREMONT, Calif., 2012-05-07 05:30 CEST (GLOBE NEWSWIRE) --
iGATE Corporation, the first integrated technology and operations company
providing Business Outcomes business based solutions, today announced its new
brand name as 'iGATE'. The name 'Patni,' representing Patni Computer Systems
Limited, a majority owned subsidiary, has been removed from its brand identity.
Unveiling the brand, Phaneesh Murthy, CEO, iGATE said, 'I have always
articulated that Patni, being a family name, is difficult to protect in several
of our markets. This brand change is in line with our vision of 'one company'
that will follow the successful delisting offer process of Patni with the
Indian stock exchanges.'
'With a revenue run rate of over a billion dollars and over 27000 employees,
the new iGATE symbolizes a young and vibrant brand representing the merits of a
fully integrated entity. Equipped with an innovative mindset of a game-changer,
iGATE will engage with global customers to deliver high-impact outcomes through
our proprietary iTOPS framework.'
About iGATE
iGATE Corporation is the first integrated technology and operations (iTOPS)
company providing full-spectrum consulting, technology and business process
outsourcing, and product and engineering solutions on a Business Outcomes-based
model. Armed with over three decades of IT Services experience and powered by
the iTOPS platform, iGATE's multi-location global organization has a talent
pool of over 27,000 employees and consistently delivers effective solutions to
over 360 Fortune 1000 clients spanning verticals such as: banking and financial
services; insurance and healthcare; life sciences; manufacturing, retail,
distribution and logistics; media, entertainment, leisure and travel;
communication, energy and utilities; public sector; and independent software
vendors. Please visit www.igate.com for more information.
iGATE Corporation is listed on the NASDAQ Global Select Market under the symbol
'IGTE.'
The iGATE Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5150
CONTACT: Media Contact
Prabhanjan Deshpande 'PD'
+91 80 4104 5006
PD(at)igatepatni.com
Investor Contact
Araceli Roiz
+1 510 896 3007
araceli.roiz(at)igatepatni.com
News Source: NASDAQ OMX
07.05.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: iGATE Corporation
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US9901036403
WKN:
End of Announcement DGAP News-Service
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Datum: 07.05.2012 - 05:30 Uhr
Sprache: Deutsch
News-ID 632040
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