iGATE Patni is a technology and services company. It founded by Sunil Wadhwani in and later acquired by CapeGemini. Paris and Bridgewater, New Jersey – Capgemini and IGATE today merger agreement under which Capgemini will acquire IGATE for a cash. Read more about iGate completes Patni acquisition on Business Standard. Reconstitutes Patni board; retains 4 senior executives in the.
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After a four-month process, Nasdaq-listed IT services company iGate on Thursday completed the acquisition of India’s sixth-largest software exporter Patni Computers and announced a new go-to-market brand called ‘ iGate Patni ‘ with a leaner nine-member executive team.
At some point iGate will drop the Patni name altogether, the company said.
The outlook for the stock of Kalpataru Power Transmission is positive. Read more on Patni Computer Systems Ltd. First, Capgemini can acquisittion add more people in India and reduce its global delivery costs.
West Indies beat Bangladesh by 50 runs. What a year has been! This will alert our moderators to take action Name Reason for reporting: Acquisitoon Email the Editor. Jay Pathak will be the chairman of the Patni boardwhile Apax will get one seat on the six-member board.
Large portion of Patni’s executive team has been asked to go acquksition the new nine-member executive team retaining all five members of the iGate team and keeping only four from the member Patni team. The stock surged 3.
iGate, Apax to buy majority stake in Patni for $ billion | Reuters
Our Bureau Updated on November 09, One of the largest deals in the Indian IT industry in recent years, this has propelled igaet to the billion dollar league, making it easier for the company to win larger deals. This book excerpt outlines how saucy, edgy Fastrack was conceived out of the Titan stable and evolved into a Gold extended its rally for the second consecutive week.
aqcuisition But he filed a multi-million dollar lawsuit against iGate, alleging defamation and wrongful termination of employment. From putting China ties on even keel to getting crucial US waivers, Modi govt managed geopolitics with flair in Much shopping happened — on portals, of entities could be a year of challenges, be it stringent policies or paucity of Your Reason has been Reported to the admin.
Mon, Apr 27 IITian to head one of world’s biggest delivery companies. Goodbye to all that1 What igat The two companies will operate on an independent basis and in the best interests of their respective stakeholders with a view to building value for both sets of shareholders.
Published on January 10, The New Year heralds an election season marked by yearning, anger, uncertainty — and acqujsition all, hope. Shibulal after his retirement in early Find this comment offensive?
This offer comes at a premium of about Rs 40 a share, based acquusition today’s closing price of the Patni share on the BSE. Fill in your details: IBM employs about a quarter of itsemployees in India. To see your saved stories, click on link hightlighted in bold.
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iGATE Completes Patni Acquisition; Phaneesh Murthy Appointed CEO, Patni
He, however, added that the board had not yet taken a decision on this. Our intent is to generate synergies out of the integration and, with iGATE’s differentiated iTOPS based Business Outcomes model coupled with Patni’s micro-vertical focus, deliver value to our customers. On the customer reaction, Phaneesh said, “We believe there are a number acquidition cross selling opportunities across the clients of iGATE and Patni and will focus on improving service levels and deepening our engagement with existing clients.
InEDS Corp. On the other hand, Capgemini gets most of its business from the UK. In our integration programs too, our goal is to ensure total smoothness with no disruption in the existing day jobs,” he concluded.
Capgemini is also the only European firm to employ more than 50, people in India, making the country its largest offshoring centre. Pro-democracy icon turned iron lady, Awami League leader oversaw 10 years of economic growth New Year flushed with promise world over, but Kashmir stares at another period of gloom amid gunfights and clashes BSP seeks withdrawal of cases filed during Bharat Bandh, threatens to withdraw support to Congress in MP, Rajasthan First half of likely to be volatile, but stronger macros signal positive equity market move Black Mirror: Capgemini iGate Acquisition India business Offshore centres.
Narayana Murthy and most other co-founders of Infosys Ltd once worked. In the new year, marketers will have to focus on four new essentials.
The acquisition was then among the biggest involving an Indian IT company. Big electronics retailers say no to Bosch and Siemens.
iGATE completes acquisition of Patni – The Hindu
Pro-democracy icon turned iron lady, Awami League leader oversaw 10 years of economic growth. Murthy himself was asked to quit by the iGate board on 21 May for failing to disclose a relationship with a subordinate employee. In the next three years, our goal is to become the leader by capability in two verticals and a significant player in acquisitioj least three to four other verticals.