SOURCE: iGATE

March 06, 2008 13:10 ET

iGATE Named in the 2008 Global Services 100 List

PITTSBURGH, PA--(Marketwire - March 6, 2008) - iGATE (NASDAQ: iGTE), the integrated technology and operations (iTOPS) company today, announced being included in 2008 Global Services 100 list, a survey of 100 best global services providers. The list represents companies who have the maturity and capability to lead the next wave of services globalization.

The Global Services 100, is a tool for buyers of business and technology services. Judges from Global Services magazine team up with outsourcing experts at neoIT, a consulting firm that specializes in services globalization, to identify and evaluate the leading service providers located on four continents. The evaluation is based upon data provided by the service providers and third parties regarding effective operations, service offerings, client relationships and human capital.

"iGATE Global Solutions is successfully leading the shift towards creating virtual enterprise relationships through its integrated Technology and Operations (iTOPS) model," said Hari Murthy, Member of the Board and Head of Sales and Marketing, iGATE Global Solutions.

"As clients gear themselves to meet business needs under challenging market environments, the ability of iGATE to support an output based pricing model is increasingly becoming the most desirable and accountable form of business outsourcing. Our recent client wins in this space validates our value proposition and our ability to be the industry leader in iTOPS," he added.

"The Global Services 100 list, brought out by Global Services and neoIT, has grown to be a highly credible listing of global IT services and BPO companies. The processes and capabilities of iGATE have enabled it to be among the 100 best global service providers," said Ed Nair, Editor, Global Services.

Global Services and neoIT will present awards to the winners at the 2008 Global Services Conference being held on March 12th, 2008 at the Marriott Marquis in New York's Times Square.

About iGATE

iGATE is the first fully integrated technology and operations firm with a global services model. iGATE enables clients to optimize their business and gain substantial and sustainable benefits year-on-year through a combination of process investment strategies, technology leverage and business process outsourcing and provisioning. Services include consulting, IT Services, Data Analytics, Enterprise Systems, BPO/BSP, Contact Center and Infrastructure Management Services. The Company has been assessed at SEI-CMM Level 5, follows Six Sigma methodologies and is BS7799 & COBIT certified, ensuring the highest levels of quality and data security. iGATE is present in 12 countries and maintains development centers in the US, UK, Canada, China, Malaysia, and India. iGATE is an equal opportunity employer that actively encourages diversity. For more information, please visit www.igate.com.

Forward-Looking Statements

Some of the statements contained in this news release that are not historical facts are forward-looking statements. These forward-looking statements include the company's financial, growth and liquidity projections as well as statements concerning the company's plans, strategies, intentions and beliefs concerning business cash flows, costs and the markets in which it operates and the proposed divestiture of its Professional Services business. Without limiting the foregoing, the words "believes," "anticipates," "plans," "expects," "intends" and similar expressions are intended to identify certain forward-looking statements. These statements are based on information currently available to the company and it assumes no obligation to update the forward statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from the forward-looking statements. These risks include, but are not limited to, the company's ability to predict its financial performance, the level of market demand for its services, the highly-competitive market for the types of services offered by the company, the impact of competitive factors on profit margins, market conditions that could cause the company's customers to reduce their spending for its services, the company's ability to create, acquire and build new businesses and to grow existing businesses, attract and retain qualified personnel, reduce costs and conserve cash, currency fluctuations and market conditions in India and elsewhere around the world, political and military tensions in India and South Asia, changes in generally accepted accounting principles and/or their interpretation and other risks that are described in more detail in the company's filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2006.

Contact Information

  • Contact:
    Subramanyam Rathnam (Subbu)
    510 896 3021
    510 402 7354
    Email: Email Contact