IGATE
| Company type | Public (formerly listed on NYSE as IGTE) |
|---|---|
| Industry | Information technology and consulting |
| Predecessor | Mascot Systems Private Limited |
| Founded | 1993 |
| Defunct | 2016 |
| Fate | Acquired by Capgemini |
| Successor | Capgemini |
| Headquarters | Bridgewater, New Jersey , United States |
Area served | North America, Asia, Europe, Japan, Australia |
Key people | Ashok Vemuri (former CEO) |
| Products | Application development, Application maintenance, Business intelligence and Analytics, Business process outsourcing, Cloud services, Enterprise mobility solutions, Infrastructure management, P&ES embedded systems, Verification and validation (V&V) |
Number of employees | 31,000+ (2014) |
| Parent | Capgemini (from 2016) |
IGATE Corporation was a provider of IT services based in Bridgewater, New Jersey, USA. With operations spanning North America, Asia, Europe, Japan, and Australia, the company specialized in technology consulting and related services. In 2014, IGATE reported revenues surpassing US$1.2 billion and had a workforce exceeding 31,000 employees. Its global presence included over 70 offices and delivery centers. On 27 April 2015, the French IT services company Capgemini announced its acquisition of IGATE for $4 billion.
History
Established in 1993 as Mascot Systems Private Limited under the Companies Act of 1956, IGATE began as a subsidiary of Mastech Systems Corporation (currently Mastech Digital).
In 2011, IGATE completed the acquisition of Patni Computer Systems, which was approximately triple its size at that time. This transaction, valued near $1 billion, represented the largest cross-border leveraged deal within the IT industry and took about a year to finalize, including Patni’s removal from Indian stock exchanges and consolidation of shareholders in the United States. After this merger, the company temporarily adopted the name IGATE Patni before reverting to IGATE on 7 May 2012. The company’s stock was listed on the NYSE under the symbol "IGTE".
Capgemini declared its plan to acquire IGATE on 27 April 2015, with a six-month timeline for integration. Subsequently, IGATE’s CEO Ashok Vemuri stepped down on 6 October 2015.
By January 2016, Capgemini confirmed that IGATE would be fully integrated and operate entirely under the Capgemini brand following the completion of the acquisition.
Key services
IGATE provided a range of services including:
- Application development
- Application maintenance
- Business intelligence and Analytics
- Business process outsourcing
- Cloud services
- Enterprise mobility solutions
- Infrastructure management
- P&ES embedded systems
- Verification and validation (V&V)
Locations
Delivery centers operated by IGATE were located in strategic global regions such as Pensacola, Florida, El Paso, Texas, Sterling, Virginia, Guadalajara (Mexico), Mississauga, Ontario, Stockholm, London, Ballarat, Suzhou (China), along with major Indian cities including Mumbai, Bangalore, Pune, Chennai, Trichy, Hyderabad, Noida, and Gandhinagar.
The company’s training and development facility, IGATE Corporate University situated near Pune close to Navi Mumbai, covered an area of 50 acres. This campus supported software engineering activities, employee training programs, customer service operations, and various staff amenities. The IGATE (Patni) Knowledge Park accommodated around 17,000 professionals.
Recognition
- Positioned at number 51 on the 2014 Fortune list of "100 Fastest Growing Companies"
- Awarded the 2014 VCCircle Award