Former type
|
subsidiary |
---|---|
Industry | IT services, BPO |
Fate | acquired by Capgemini |
Founded | 1996 |
Defunct | 2015 |
Headquarters | Bridgewater, New Jersey, U.S. |
Area served
|
North America, Europe, Japan & Australia |
Key people
|
Srinivas Kandula (Chief Executive Officer) |
Services | IT and Outsourcing services |
Revenue | US$ 1.27 billion (2014) |
Number of employees
|
31,453 (March, 2015) |
Parent | Capgemini |
Website | www |
IGATE was an IT services company, headquartered in Bridgewater, New Jersey, United States. The firm operated in North America, Asia, Europe, Japan and Australia, providing technology consultancy and services. Its revenues in 2014 were over US$1.2 billion, and it has a workforce of over 31,000. The firm had over 70 offices and customer delivery centers in North America, Europe, Asia and Australia. On April 27, 2015 French IT services group Capgemini unveiled a deal to acquire IGATE in a $4bn deal.
In 2011, IGATE, acquired Patni Computer Systems–a company three times its size at the time. With a value of around a billion US dollars, this acquisition was the largest cross-border leveraged transaction in the IT sector. The acquisition was accomplished over 12 months, including the delisting of Patni from the Indian bourses and consolidating the shareholder value in the U.S. Initially. iGATE firm changed its name to iGATE Patni. It was changed to IGATE again on 7 May 2012. Its shares are listed on the NYSE as "IGATE". On 27 April 2015, Capgemini announced it would be acquiring IGATE, the transition would be completed over a phase of 6 months. IGATE CEO Ashok Vemuri announced his departure on 6 October 2015.
IGATE's key services included Application Development and Application Maintenance, Business Intelligence and Analytics, Business Process Outsourcing, Cloud Services, Enterprise Mobility, Infrastructure Management Services, P&ES Embedded systems, Product Verification and Validation(P&ES), and Verification & Validation(V&V).
Its customer delivery centers were located in Pensacola, Florida; El Paso, Texas; Sterling, Virginia, United States; Guadalajara, Mexico; Mississauga, Ontario, Canada; Stockholm, Sweden; London, UK; Ballarat, Australia; Suzhou, China; and Mumbai, Bangalore, Pune, Chennai, Hyderabad, Noida and Gandhinagar in India. Its training and development facility, IGATE Corporate University, was in Pune.
Situated on 50 acres (200,000 m) of land in the Navi Mumbai area, this campus included facilities for software development, training, customer care, and employee recreation. The IGATE (Patni) Knowledge Park accommodates 17,000 professionals. The IGATE Knowledge Centre, set up with an investment of 1.75 billion rupees, complements the organization's green initiatives around efficient utilization and conservation of energy, water and natural resources. Developed on Green Architecture, the centre is spread over 5 acres (20,000 m) and has a seating capacity of over 3500.
The facility was designed and constructed as per the guidelines of LEED (Leadership in Energy and Environmental Design) India Green Building Rating System for New Construction.
2015-05-09 | Reiterated Rating | Maxim Group | Hold | $55.00 to $48.00 |
2015-05-07 | Downgrade | SunTrust | Buy to Neutral | |
2015-05-07 | Downgrade | SunTrust Banks Inc. | Buy to Neutral | |
2015-04-30 | Downgrade | Maxim Group | Buy to Hold | $55.00 to $48.00 |
2015-04-28 | Downgrade | RBC Capital | Outperform to Sector Perform | $42.00 to $48.00 |
2015-04-28 | Downgrade | Royal Bank Of Canada | Outperform to Sector Perform | $42.00 to $48.00 |
2015-04-27 | Downgrade | Noble Financial | Buy to Hold | |
2015-04-27 | Downgrade | Jefferies Group | Buy to Hold | $44.00 to $48.00 |
2015-04-27 | Downgrade | William Blair | Outperform to Market Perform | |
2015-04-17 | Boost Price Target | Maxim Group | Buy | $47.00 to $55.00 |
2015-04-15 | Boost Price Target | SunTrust | Buy | $45.00 to $48.00 |
2015-01-22 | Set Price Target | Noble Financial | Buy | $50.00 |
2015-01-21 | Lower Price Target | Maxim Group | Buy | $52.00 to $47.00 |
2015-01-16 | Initiated Coverage | Deutsche Bank | Buy | $46.00 |
2015-01-16 | Initiated Coverage | Deutsche Bank AG | Buy | $46.00 |
2015-01-12 | Set Price Target | Jefferies Group | Buy | $39.00 to $47.00 |
2014-12-19 | Initiated Coverage | SunTrust | Buy | $44.00 |
2014-12-02 | Initiated Coverage | JPMorgan Chase & Co. | Neutral | |
2014-08-15 | Initiated Coverage | Maxim Group | Buy | $52.00 |
2014-08-14 | Reiterated Rating | RBC Capital | Outperform | $48.00 to $45.00 |
2014-07-17 | Downgrade | Nomura | Neutral to Reduce | $29.00 to $35.00 |
2014-07-17 | Boost Price Target | Needham & Company LLC | Buy | $48.00 to $50.00 |
2014-07-17 | Downgrade | Nomura Holdings Inc. | Neutral to Reduce | $29.00 to $35.00 |
2014-07-11 | Initiated | William Blair | Outperform | |
2014-07-10 | Initiated Coverage | William Blair | Outperform | |
2014-07-07 | Upgrade | Noble Financial | Hold to Buy | |
2014-07-01 | Upgrade | Jefferies Group | Hold to Buy | $38.00 to $43.00 |
2014-05-19 | Reiterated Rating | Noble Financial | Hold | |
2014-04-14 | Reiterated Rating | Jefferies Group | Hold | $35.00 to $38.00 |
2014-02-24 | Downgrade | Janney Montgomery Scott | Buy to Neutral | $46.00 |
2014-01-17 | Boost Price Target | Jefferies Group | $29.00 to $37.00 | |
2013-12-20 | Boost Price Target | Needham & Company LLC | $39.00 to $48.00 | |
2013-10-11 | Boost Price Target | Jefferies Group | Hold | $19.00 to $29.00 |
2013-10-11 | Reiterated Rating | Needham & Company LLC | Buy | $33.00 to $39.00 |
2013-10-04 | Downgrade | Nomura | Buy to Neutral | $28.00 to $29.00 |
2013-09-19 | Boost Price Target | Needham & Company LLC | Buy | $28.00 to $33.00 |
2012-01-30 | Reiterated | Oppenheimer | Outperform | $18 to $22 |
2011-12-09 | Initiated | RBC Capital Mkts | Outperform | $20 |
2011-08-30 | Reiterated | Kaufman Bros | Buy | $23 to $18 |
2011-04-13 | Initiated | Kaufman Bros | Buy | $23 |
2010-12-21 | Initiated | Oppenheimer | Outperform | $27 |
2010-05-03 | Initiated | Jefferies | Buy | $15 |
2010-01-28 | Initiated | Global Hunter Securities | Buy | $16 |
2009-07-22 | Upgrade | Needham | Hold to Buy | $9 |
2009-07-22 | Reiterated | Roth Capital | Buy | $5.50 to $8 |
2009-01-16 | Reiterated | Roth Capital | Buy | $10 to $9 |
2008-10-13 | Upgrade | Roth Capital | Hold to Buy | $10 |
2008-10-02 | Reiterated | Roth Capital | Hold | $11 to $10 |
2008-09-10 | Downgrade | Roth Capital | Buy to Hold | $11 |
2008-07-18 | Reiterated | Needham | Buy | $10 to $11 |
2008-03-10 | Reiterated | Roth Capital | Buy | $10 to $11 |
2008-02-21 | Reiterated | Needham & Co | Buy | $12 to $10 |
2015-05-09 | Reiterated Rating | Maxim Group | Hold | $55.00 to $48.00 |
2015-05-07 | Downgrade | SunTrust | Buy to Neutral | |
2015-05-07 | Downgrade | SunTrust Banks Inc. | Buy to Neutral | |
2015-04-30 | Downgrade | Maxim Group | Buy to Hold | $55.00 to $48.00 |
2015-04-28 | Downgrade | RBC Capital | Outperform to Sector Perform | $42.00 to $48.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In IGTE 1 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
MANAGED ACCOUNT ADVISORS LLC | 250 |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
Viscaria Ltd | 34.68% (20430698) | IGTE / |
APAX PARTNERS EUROPE MANAGERS LTD | 32.90% (19383398) | IGTE / |
Apax Guernsey (Holdco) Ltd | 32.90% (19383398) | IGTE / |
Apax Europe VII GP Co. Ltd | 23.76% (13998292) | IGTE / |
Apax Europe VII GP L.P. Inc. | 23.76% (13998292) | IGTE / |
Apax Europe VII-B, L.P. | 15.13% (8912703) | IGTE / |
MURTHY PHANEESH President and CEO | 1.11% (655292) | IGTE / |
Vemuri Ashok President and CEO | 0.68% (400000) | IGTE / XRX / |
Tugnait Sanjay Vishwanath EVP & Head of Sales: N America | 0.25% (150000) | IGTE / |
Kemp Derek See Remarks | 0.25% (150000) | IGTE / |
Narayanan Sean Suresh Chief Delivery Officer | 0.24% (142763) | IGTE / |
Joshi Satish M. See Remarks | 0.22% (126660) | IGTE / |
Khare Vijay P. See Remarks | 0.21% (121476) | IGTE / |
Idgunji Prashanth Chief Accounting Officer | 0.01% (5906) | IGTE / |