Capgemini appoints Srinivas Kandula to head India operations

Kandula played a key role in the acquisition of Patni by IGATE in 2011, and of IGATE by Capgemini in 2015.

IGATE CEO Ashok Vemuri quits 3 months after Capgemini merger

Capgemini Tuesday said IGATE CEO Ashok Vemuri has put in his papers after three months of the US-based firm being acquired in a USD 4 billion deal.

CCI approves acquisition of IGATE Corp by Capgemini

The fair trade regulator, which keeps a tab on unfair business practices across sectors, has approved the acquisition as the deal may not have an adverse impact on competition in the country.

IGATE sold off domestic IMS biz before buyout by Capgemini

Days before IGATE was acquired by French IT giant Capgemini, the US-based firm sold off its domestic infrastructure management services (IMS) operations to India's MindSquare Technologies for about USD 5 million.

Law firms look into alleged fiduciary duty violations by IGATE

As many as five US-based law firms are investigating charges of whether IGATE Board of Directors failed to maximise gains of shareholders before inking the multi-billion dollar deal with French rival Capgemini.

IGATE's acquisition will make Vemuri richer by $19 million

IGATE's acquisition by French rival Capgemini will make its CEO Ashok Vemuri richer by over USD 19 million (about Rs 120 crore).

Capgemini to buy IGATE in USD 4 billion US expansion push

French IT services and consulting company Capgemini said today it was buying New Jersey-based IGATE for USD 4 billion (3.7 billion euros), boosting its US-generated business to 30 per cent of its total activity.

Phaneesh Murthy launches health and lifecare venture

Entering a new arena, former iGate CEO Phaneesh Murthy is launching an online market place for healthcare products and services in partnership with four professionals.

IGATE Q4 net profit up 14.8% at $38 mn

US-based outsourcing solutions firm IGATE on Tuesday reported a 14.8 percent growth in net profit at USD 38 million for the fourth quarter ended December 31, 2014, helped by deals in industry utility-solutions.

IGATE Q3 Net up 17% at $37.3 mn

US-based outsourcing solutions firm IGATE Wednesday reported a 17 percent growth in net profit at USD 37.3 million for the third quarter ended September 30, 2014, aided by growing traction in segments like financial services, healthcare and industry utility solutions.

ITOPS, Europe, automation to drive IGATE's growth strategy

Outsourcing solutions firm IGATE will focus on its integrated technology and operations (ITOPS) model, besides concentrating on automation and geographies like Europe to sustain its growth momentum.

IGATE Q2 Net at $3.1 mn; takes $51.8 mn one time debt charge

US-based outsourcing firm IGATE today said its net profit declined 89.6 percent to USD 3.1 million for the quarter ended June 30, 2014 hit by a one-time charge related to a debt settlement.

iGate unveils new brand identity

US-based outsourcing services firm iGate on Monday unveiled a new identity saying that the logo has been designed to showcase a refreshed vision, mission and core values.

iGate Q1 net profit declines 9% to $31.6 million

IT firm iGate Thursday posted nine percent decline in net profit to USD 31.6 million for the quarter ended March 31, 2014.

iGate to sell bonds worth $325 Mn;use proceeds to repay debt

US-based outsourcing firm iGate today said it will sell bonds worth USD 325 million (about Rs 1,990 crore) and the firm intends to use the proceeds from the sale to repay a USD 770 million (around Rs 4,175 crore) debt.

iGate bags $35 mn deal from Sweden's Lansforsakringar

Lansforsakringar Alliance is one of Sweden's largest financial services institutions with business divisions covering life, non-life and banking markets.

iGATE CEO Vemuri to get over Rs 1-cr as performance bonus

Besides, the company's compensation committee approved Vemuri's annual performance-based incentive compensation for 2014 with a target annual bonus of USD 500,000.

iGate bags $80 mn contract from Orange Switzerland

iGate will take responsibility for transforming and managing all enterprise systems, including ERP, business intelligence, infrastructure and data network and telephony services, the US-based company said in a statement.

iGATE firms up new strategy under CEO Vemuri

In August, Vemuri resigned as the head of North America region at India's second largest software firm Infosys to take on as iGATE's CEO following Murthy's sacking.

iGATE inks credit pact for $360 mn loan facility

The agreement will help the US-based company save about USD 105 million worth of interest over a period of five years.