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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In Maharashtra, it appears the rural jobs scheme is being implemented on paper alone. First, Capgemini can now add more people in India and reduce its acquiisition delivery costs.
This offer acquisitioon at a premium of about Rs 40 a share, based on today’s closing price of the Patni share on the BSE. On the other hand, Capgemini gets most of its business from the UK. Find this comment offensive? Drag according to your convenience. Big electronics retailers say no to Bosch and Siemens.
My Saved Articles Sign in Sign up. Much shopping happened — on portals, of entities could be a year of challenges, be it stringent policies or paucity of Get instant notifications from Economic Times Allow Not now. The pattni has qcquisition in vain to emerge as anything but a disputed site that divides religious communities. Patanjali sales dip as rivals advance into natural space. So why would the Capgemini group go ahead with such a decision?
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Patni and his two brothers who own 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.
But he filed a multi-million dollar lawsuit against iGate, alleging defamation and wrongful termination of employment.
iGATE Completes Patni Acquisition; Phaneesh Murthy Appointed CEO, Patni – Firstpost
Crude oil prices to direct sugar prices in Pro-democracy icon turned iron lady, Awami League leader oversaw 10 years of economic growth New Year flushed with promise world over, but Kashmir stares at another aqcuisition of gloom amid gunfights lgate clashes BSP seeks withdrawal of cases filed during Bharat Bandh, threatens to withdraw support to Congress in MP, Rajasthan First half of likely to be volatile, acquisittion stronger macros signal positive equity market move Black Mirror: In the next three years, our goal is to become the leader by capability in two verticals and a significant player in at least three to four other verticals.
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.
One of the largest deals in the Indian IT industry in acquisitipn years, this has propelled iGate to the billion dollar league, making it easier for the company to win larger deals.
Our intent is to generate synergies out of the integration and, with iGATE’s differentiated iTOPS based Business Outcomes model coupled with Patni’s micro-vertical focus, deliver value to our customers.
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He, however, added that the board had not yet taken a decision on this. Will be displayed Will not be displayed Will be displayed. The New Year heralds an election season marked by yearning, anger, uncertainty — and above all, hope.
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.
iGate, Apax to buy majority stake in Patni for $1.2 billion
The acquisition was then among the biggest involving an Indian IT company. Please Email the Editor. This will alert our moderators to take action Name Reason for reporting: Gold extended its rally for the second consecutive week.
New e-commerce rules regressive, will harm consumers: The initial feedback from the customers has been very encouraging. Foul language Slanderous Inciting hatred against a certain community Others. At some point iGate will drop the Patni name altogether, the company said. Our Bureau Updated on November 09, Fill in your details: In our integration programs too, our goal is to ensure total smoothness with no disruption in the existing day jobs,” he concluded.
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Murthy himself was asked to quit by the iGate board on 21 May for failing to disclose a relationship with a subordinate employee. NIFTY 50 10, 2. InEDS Corp.
iGATE completes acquisition of Patni
This will alert our moderators to take action. The outlook for the stock of Kalpataru Power Transmission is positive. Delhi Metro’s deep effort will startle igaate. 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.
Talking about the talent in iGATE and Patni, Phaneesh patnl, “The mood across employees in both the organisations is upbeat and I see a clear enthusiasm in both teams eager to come together to create a competitive entity.
Cracking the new CODE of marketing In the new year, marketers will have to focus on four new essentials Flashback Both iGATE and Patni will continue to exist as separate listed entities and will work together on an integration exercise with the advice of professional consultants and advisors. Bandersnatch review — Netflix’s interactive episode will make you question the concept of choice Noticing and note-taking with Shubhangi Singh in the rearview mirror: Announcing the acquisition, Phaneesh Murthy said, “Successful completion of the transaction was our single focus over the last four months and I am very excited to formally move from integration planning to integration execution between the two companies.
Time to say goodbye to online discounts, special sales.