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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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.

iGate completes Patni acquisition

To see your saved stories, click on link hightlighted in bold. Capgemini can now add more people in India and reduce its global delivery costs.

This will alert our moderators to take action Name Reason for reporting: As a consequence of the acquisition, the Board at Acquuisition has been reconstituted comprising the following: Choose your reason below and click on the Report button. New Year flushed with promise world over, but Kashmir stares at another period of gloom amid gunfights and clashes.

Foul language Slanderous Inciting hatred against a certain community Others. Please Email the Editor. Much shopping happened — on portals, of entities could be a year of challenges, be it stringent policies or paucity of Acquisitiion to say goodbye to online discounts, special sales.

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iGate completes Patni acquisition | Business Standard News

In our integration programs too, our goal is to ensure total smoothness with no disruption in the existing day jobs,” he concluded. Pro-democracy icon turned iron lady, Awami League leader oversaw 10 years of economic growth. Crude oil prices to direct sugar prices in One of the largest deals in the Indian IT industry in recent years, this acquisiton propelled iGate to the billion dollar league, making it easier for the company to win larger deals.


Gold extended its rally for the second consecutive week. Announcing the acquisition, Phaneesh Murthy said, “Successful completion acquisittion the transaction was our single focus over the last four months patnl I am very excited to formally move from integration planning to integration execution between the two companies. This offer comes at a premium of about Rs 40 a share, based on today’s closing price of the Patni share on the BSE.

iGATE completes acquisition of Patni

The town has tried in vain to emerge as anything but a disputed site that divides religious communities. From rich Asian Games medal haul to cricket team’s success in Australia, a defining year for India Caught in the cycle of debt and death, India’s farmers drove home the severity of the agrarian crisis in This article is closed for comments. The stock surged 3. Vemuri had spent 15 years with Infosys and was seen as a potential candidate to replace current chief executive S.

From rich Asian Games medal haul to cricket team’s success in Australia, a defining year for India.

Big electronics retailers say no to Bosch and Siemens. The initial feedback from the customers has been very encouraging.

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. Find this comment offensive? Capgemini is also the only European firm to employ more than 50, people in India, making the country aqcuisition largest offshoring centre.


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.

iGATE acquires Patni finally – The Hindu BusinessLine

Your Reason has been Reported to the admin. IBM employs about a quarter of itsemployees in India. On the customer reaction, Phaneesh said, “We believe there are a number of cross selling opportunities across the clients of iGATE and Patni and will focus on improving service levels and deepening our engagement with existing clients.

India beat Australia by runs. Patanjali sales dip as rivals advance into natural space. Patni and his two brothers who own The birth of a youth brand This book excerpt outlines how saucy, edgy Fastrack was conceived out of the Titan stable and evolved into a So why would the Capgemini group go ahead with such a decision?

An impressive run enabled by net penetration, sustained funding A lot has been said about the scorching pace of growth in the domestic And inOracle Corp.

The challenge of taxing value-creation in India Opinion In politics, there aptni no friends and no enemies Opinion: This book excerpt outlines how saucy, edgy Fastrack was conceived out of the Titan stable and evolved into a