iGATE Corporation Strides Towards 'One Company'
Removes Patni From Brand Name; Single, Go-to-Market Brand to be Called iGATE
FREMONT, Calif., May 6, 2012 (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."
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@igatepatni.com Investor Contact Araceli Roiz +1 510 896 3007 email@example.com
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