Extends ERP Centre of Excellence (CoE) to new verticals
Hyderabad, India - February 18, 2009 - iGATE (NASDAQ: iGTE), the Integrated
Technology and Operations (iTOPS) company announces the expansion of its global
delivery facility in Hyderabad. In addition to the existing 60,000 sq. ft facility which
accommodates 500 employees, iGATE has added a new 66,000 sq. ft facility in the
Special Economic Zone at Hi-Tech City, Gachibowli. The facility has a capacity to seat
over 500 employees. Morteza Mahjour, Executive Vice President and Head of
Applications of RBC Financial Group, a strategic client of iGATE inaugurated the
iGATE also announced scaling its existing ERP Centre of Excellence (CoE) in its
Hyderabad facility to cover Manufacturing & Logistics and Banking verticals.
‘We continue to create vertical solutions and align with our customers’ business.
We are excited about expanding our Hyderabad footprint to include Manufacturing & Logistics and Banking verticals building on our success in ERP” said Sean Narayanan, Chief Delivery Officer, iGATE. “Our Hyderabad center will continue to offer service innovation and excellence to many top clients.”
Besides Hyderabad, iGATE has global delivery facilities in Bangalore, Chennai, and
Noida in India, Ballarat in Australia, Cyberjaya in Malaysia and Guadalajara in Mexcio.
iGATE Corporation registered revenues of $ 218.8 million in 2008 and ended the year
with over 6600 employees.
iGATE (NASDAQ:IGTE) is the first outsourcing solutions provider to offer a business outcome based pricing model through a fully integrated technology and operations (iTOPS) structure with global service delivery. iGATE works with clients to optimize their businesses, secure substantial and sustainable year -on -year cost benefits, tie costs to business needs and results. iGATE provides IT consulting; application development and maintenance; data warehousing; business intelligence solutions; ERP/ enterprise solutions; BPO/business service provisioning; infrastructure management; independent verification and validation; KPO and contact center services. The company has been assessed at CMMI Level 5, follows Six Sigma methodologies
and is COBIT, ISO 9001 and ISO 27001 certified, ensuring the highest levels of quality and data security. iGATE has presences in 12 countries and manages global delivery centers in Mexico, Australia, Malaysia and India. iGATE is rated as a leading employer in India. For more information, please visit www.igate.com.
Some of the statements contained in this news release that are not historical facts are forward-looking statements. These forwardlooking 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. Without limiting the foregoing, the words “believes,” “anticipates,” “plans,” “expects” and similar expressions are intended to identify certain forwardlooking 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, 2007.