iGATE Corporation Strides Towards 'One Company'

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@igatepatni.com
         
         Investor Contact
         Araceli Roiz
         +1 510 896 3007
         araceli.roiz@igatepatni.com
News Source: NASDAQ OMX



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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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