iGATE Named Among the Top 50 Global Outsourcers
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FREMONT, Calif. and BANGALORE, India, June 10, 2009 (GLOBE NEWSWIRE) -- iGATE
(Nasdaq:IGTE), an integrated Technologies and Operations (iTOPS) company
announced being named in The Black Book of Outsourcing's prestigious 2009 "50
Best Managed Global Outsourcing Vendors" list, as announced in The Wall Street
Journal.
iGATE has been ranked # 14 on the list, leaping dramatically from its # 30
position in 2008. iGATE, ahead of several industry heavyweights is placed in the
highest ten percent of all firms judged in each survey area: C-Level Commitment,
Human Capital Performance, Corporate Direction, Leadership Impact, and new for
this year 5 questions on Accountability, Trust and Transparency. Rankings are
based strictly on responses from client surveys.
"We thank our clients for their positive feedback and acknowledging the value
and benefits that our unique integrated Technology and Operations model
provides," said Phaneesh Murthy, CEO, iGATE Corporation.
For eight weeks each spring, Brown-Wilson Group -- which authors The Black Book
of Outsourcing (Wiley Publishers) -- surveys outsourcing users and C-level
officers to gain a buy-side decision maker perspective on the global services
industry. After a stringent external auditing process, the client experience
responses of nearly 24,000 buyer executives determined the 2009 Black Book of
Outsourcing rankings.
Over half of the responses are gathered from CXO-level and governance
respondents. These top performance suppliers emerge through ranking the fifty
highest among 4,839 global outsourcing suppliers of various service lines and
locations, based on the collective client experience of nearly 24,000 user
respondents in 2009. 1,671 suppliers from 45 countries, who received at least
ten verifiable client ballots, were qualified for the 2009 Black Book 50.
According to Doug Brown, Managing Partner, Brown-Wilson Group and Co-Author of
The Black Book of Outsourcing, "iGATE ranked among the top suppliers by its
clients due to its continuous focus on customer satisfaction, and for
successfully engaging and managing outsourcing relationships."
About iGATE
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 and 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, is COBIT, ISO 9001 and ISO 27001
certified, ensuring the highest levels of quality and data security. iGATE has
34 offices in 16 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
The iGATE Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5150
About Brown-Wilson Group
Brown-Wilson Group's research mission is to offer balanced, objective and
unbiased results to help organizations maximize significance, increase
speed-to-results, and mitigate risk in outsourcing/sourcing initiatives.
Brown-Wilson Group, based in Clearwater FL USA, (a Data Monitor Company)
measures their own success via clients' ability to achieve and sustain
significant improvements in their outsourcing decisions from aligning customer
experience research and strategies that stand the test of time.
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. Without
limiting the foregoing, the words "believes," "anticipates," "plans," "expects"
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, 2008.
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CONTACT: iGATE
Media Contact:
Rathnam Subramanyam
+ 1 510-896-3021
pr@igate.com
Investor Contact:
Salil Ravindran
+1 510-896-3015
salil.ravindran@igate.com
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