
FREMONT, Calif. and MUMBAI, India, Aug 18, 2011 (GlobeNewswire around COMTEX) –
iGATE Patni
/quotes/zigman/82027/quotes/nls/igte IGTE
-8.35%
, a integrated record and operations code providing Business Outcomes formed solutions, currently announced that it has been ranked as a ‘Major Contender’ in a PEAK Matrix of a investigate news patrician “Global Finance Accounting Outsourcing (FAO) Service Provider Landscape 2011″ by Everest Group. With iGATE Patni transaction, a total entity has modernized significantly from their earlier ‘Emerging Player’ positions in a same news expelled in 2010.
Everest Group attributes a series of factors for iGATE Patni’s “Major Contender” position:
-- Growth in new agreement signing as good as extensions/renewals
-- New levels of scale for a total entity providing fast runway for
expansion and an stretched customer base
-- Enhanced use portfolio with Business Outcomes formed pricing
-- Significant investments in technology, collection and platform
-- Expanded Global smoothness footprint during onshore (El Paso, Pensacola),
offshore (Noida, Bangalore, Mumbai) and nearby seaside (Guadalajara,
Ballarat) locations
“The iGATE Patni transaction creates a clever total entity that is now a ‘Major Contender’ in Everest Group’s FAO PEAK Matrix. The transformation from ‘Emerging players’ to ‘Major Contenders’ is a outcome of a integrated enrichment done significantly opposite marketplace success and capability enhancement. iGATE Patni’s scale now enables it to pursue incomparable deals and provides a height for fast growth,” pronounced Saurabh Gupta, Vice President, Everest Group. “As a foe intensifies in a marketplace, there is need for creation in a go-to-market proceed for FAO. iGATE Patni has total a differentiated position for itself by industry-specific solutions, record led proceed to FAO, integrated record and operations indication — iTOPS and Outcome formed pricing,” he added.
“We are gratified to be famous as a ‘Major Contender’ in a FAO shred by a tip advisory organisation such as Everest Group. As a total entity, we are holding to a market, a differentiated approach, which, now joined with extended scale, enables us to use incomparable deals and partner with clients to well conduct their Finance and Accounting functions on a Business Outcomes formed model. Our singular iTOPS (Integrated Technology and Operations) horizon total with record height and collection promote clients to conduct their FA operations on a non-static cost model,” pronounced Sanjiv Kapur, SVP and Global Head of BPO CIS during iGATE Patni.
The PEAK Matrix is a horizon to consider a comprehensive marketplace success and altogether capability of use providers. Everest Group’s latest FAO use provider landscape investigate news focuses on a use provider marketplace success and capability comment in 2010, relations position on Everest Group’s PEAK pattern for FAO and several means of split adopted by use providers amid augmenting competition.
Everest Group’s FAO news analyzed some-more than 20 use providers on a Everest Performance | Experience | Ability | Knowledge (PEAK) Matrix.
About iGATE Patni:
‘iGATE Patni’ is a common code temperament of dual organizations – iGATE and Patni as a outcome of a merger of Patni Computer Systems Limited by iGATE Corporation. Between a dual companies, a code iGATE Patni provides full-spectrum consulting, technology, business routine and product engineering outsourcing services on a Business Outcomes-based model. Armed with over 3 decades of IT Services knowledge and powered by a iTOPS (Integrated Technology and Operations) platform, iGATE Patni’s multi-location tellurian classification with a talent pool of 26000+ people, consistently delivers effective solutions to over 360 Fortune 1000 clients travelling opposite verticals like: banking financial services; word healthcare; life sciences; manufacturing, retail, placement logistics; media, party convenience travel; communication, appetite utilities; open sector; and eccentric program vendors. Visit:
www.igatepatni.com
iGATE Corporation is listed in NASDAQ (IGTE) and Patni Computer Systems Limited in BSE (532517), NSE (PATNI) and NYSE listed (PTI).
The iGATE Patni code trademark is accessible during
http://www.globenewswire.com/newsroom/prs/?pkgid=5150
About Everest Group:
Everest Group is an confidant to business leaders on a subsequent era of tellurian services with a worldwide repute for assisting Global 1000 firms dramatically urge their opening by optimizing their back- and middle-office business services. With a fact-based proceed pushing outcomes, Everest Group counsels organizations with formidable hurdles associated to a use and smoothness of tellurian services in their pursuits to change short-term needs with long-term goals. Through a unsentimental consulting, strange research, and attention apparatus services, Everest Group helps clients maximize value from smoothness strategies, talent and sourcing models, technologies, and government approaches. Established in 1991, Everest Group serves users of tellurian services, providers of services, nation organizations, and private equity firms, in 6 continents opposite all attention categories. For some-more information, greatfully visit
www.everestgrp.com and
www.research.everestgrp.com .
Safe Harbor:
Certain statements in this recover concerning a destiny expansion prospects are forward-looking statements, that engage a series of risks, and uncertainties that could means tangible formula to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, though are not singular to, risks and uncertainties per fluctuations in earnings, a ability to conduct growth, heated foe in IT services including those factors that might impact a cost advantage, salary increases in India, a ability to attract and keep rarely learned professionals, time and cost overruns on fixed-price, fixed-time support contracts, customer concentration, restrictions on immigration, a ability to conduct a ubiquitous operations, reduced direct for record in a pivotal concentration areas, disruptions in telecommunication networks, guilt for indemnification on a use contracts, a success of a companies in that iGATE and Patni has done vital investments, withdrawal of bureaucratic mercantile incentives, domestic instability, authorised restrictions on lifting collateral or appropriation companies outward India, and unapproved use of a egghead skill and ubiquitous mercantile conditions inspiring a industry. The association does not commence to refurbish any forward-looking matter that might be done from time to time by or on interest of a Company.
This news recover was distributed by GlobeNewswire,
www.globenewswire.com
SOURCE: iGATE Corporation
CONTACT: Prabhanjan Deshpande "PD"
Corporate Communication and Media Relations
PD@igatepatni.com
+91 80 4104 5006
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
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