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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IBM employs about a quarter of itsemployees in India. Vemuri had spent 15 years with Infosys and was seen as a potential candidate to replace current chief executive S.

How Phaneesh Murthy was given a second chance at iGate. The town has tried in vain to emerge as anything but a disputed site that divides religious communities. The stock surged 3. Our Bureau Updated on November 09, An impressive run enabled by net penetration, sustained funding A lot has been said about the scorching pace of growth in the domestic However, in SeptemberiGate finally named Ashok Vemuri as its new chief executive, after the latter decided to leave Infosys.

This book excerpt outlines how saucy, edgy Fastrack was conceived out of the Titan stable and evolved into a Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings. Bandersnatch review — Netflix’s interactive episode will make you question the concept of choice Noticing and note-taking with Shubhangi Singh in the rearview mirror: Murthy himself was asked to quit by the iGate board on 21 May for failing to disclose a relationship with a subordinate employee.

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Further to the purchase agreements entered into on Jan 10, to acquire a majority stake in Patni, iGATE and Patni have announced the completion of the acquisition.

Narayana Murthy and most other co-founders of Infosys Ltd once worked. Mon, Apr 27 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. Shibulal after his retirement in early Capgemini iGate Acquisition India business Offshore centres.

Capgemini can now add more people in India and reduce its global delivery costs. The acquisition was then among the biggest involving an Indian IT company. Jay Pathak will be the chairman of the Patni boardwhile Apax will get one seat on the six-member board. Delhi Metro’s deep effort will startle you.

iGATE acquires Patni finally

India beat Australia by runs. Fourth, Capgemini can also strengthen its India domestic business with the iGate acquisition, an area which the company has been attempting to do in the last couple of years. One of the largest deals in the Indian IT industry in recent years, this has propelled iGate to the billion dollar league, making it easier for the company to win larger deals.

At some point iGate will drop the Patni name altogether, the company said. Large portion of Patni’s executive team has been asked to go with the new nine-member executive team retaining all five members of the iGate team and keeping only four from the member Patni team. My Saved Articles Sign in Sign up.


iGATE completes acquisition of Patni – The Hindu

Much shopping happened — on portals, of entities could be a year of challenges, be it stringent policies or paucity of New Year flushed with promise world over, but Kashmir acquisitio at another period of gloom amid gunfights and clashes.

Price rise in comfort zone, but farmers hit. Drag according to your convenience. What a year has been! From putting China ties on even keel to getting crucial US waivers, Modi govt managed geopolitics with flair in Get instant notifications from Economic Times Allow Not now.

Crude oil prices to direct sugar prices in This is an area that Capgemini is not particularly known for. Patanjali sales dip as rivals advance into natural space. Read more on Patni Computer Systems Ltd.

iGATE Completes Patni Acquisition; Phaneesh Murthy Appointed CEO, Patni

Fill in your details: Cities were renamed, liberals were shouted down and vegans found their voice. It helps with price risk management and facilitates effective competition. As a consequence of the acquisition, the Board at Patni has been reconstituted comprising the following: In Maharashtra, it appears the rural jobs scheme is being implemented on paper alone.

Third, Capgemini can become strong in the infrastructure business after it completes the iGate acquisition.

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