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| #REDIRECT ] | |||
| {{multiple issues| | |||
| {{original research|date=January 2012}} | |||
| {{Advert|date=January 2012}} | |||
| }} | |||
| {{merge to| iGATE|date=May 2012}} | |||
| {{Lowercase title}} | |||
| {{Infobox company| | |||
| | type = ] | |||
| | traded_as = <!--- {{BSE|532517}} ---> | |||
| | foundation = 10 February 1978{{citation needed|date=May 2012}} | |||
| | integrated = 12 May 2011 | |||
| | location = ], ], India | |||
| | industry = IT Services | |||
| | services = IT and ] services | |||
| | products = | |||
| | revenue = {{INRConvert|2164|c}} (2012) | |||
| | operating_income = | |||
| | net_income = {{INRConvert|386|c}} (2012) | |||
| | assets = | |||
| | num_employees = 18,273 (2011)<ref>{{cite web|url=http://www.livemint.com/2009/05/20221005/Patni-in-transition-seeks-to.html |title=Patni in transition, seeks to be among Top 5 - Corporate News |publisher=livemint.com |date=2009-05-20 |accessdate=2010-07-16}}</ref> | |||
| | parent = ] Corp.<ref>{{cite web|url=http://www.rediff.com/business/slide-show/slide-show-1-tech-igate-seals-patni-deal-for-usd-1-22-billion/20110110.htm |title=iGate seals Patni deal for $1.22 billion - Rediff.com Business |publisher=Rediff.com |date= |accessdate=2013-06-10}}</ref><ref name="IG"> | |||
| "iGATE Corporation | Investor Relations", | |||
| iGATE.com, 2011, webpage: | |||
| . | |||
| </ref> | |||
| | subsid = | |||
| | footnotes = | |||
| }} | |||
| '''iGATE PATNI''' (formerly '''Patni Computer Systems''', presently ''']''' after merging with it) is a provider of IT services & Business solutions and is a subsidiary of ] Corporation.<ref name=IG/> The company has employed over 15,000 people. It has 23 international offices across the Americas, Europe, and the Asia-Pacific region, as well as offshore development centres in eight cities in India. iGATE Patni's clients include more than 360 ] companies.<ref>{{cite web|url=http://www.igatepatni.com/igate-patni-profile.aspx |title=About Us |publisher=Patni |date=2009-03-30 |accessdate=2010-07-16}}</ref> | |||
| The proposed acquisition of the shares is subject to regulatory requirements and iGate is required to make an ‘Open Offer’ to acquire additional 20% of Patni’s shares from the open market. Changes in the shareholding shall take place upon fulfillment of all the obligations under the Open Offer process. | |||
| On August 2, 2004, the company and InteQ Corporation, announced an OEM agreement which would enable Patni to provide more extensive Infrastructure Management Services (IMS) and further tap into the expanding IMS market estimated to reach $19.5 billion by 2007.<ref>{{cite web |url=http://www.prnewswire.com/news-releases/patni-partners-with-inteq-to-expand-infrastructure-management-services-71486357.html |title= Patni Partners with InteQ to Expand Infrastructure Management Services; Agreement Part of $6M Investment Enabling Customers to Benefit from Reduced IT Management Costs and Increased Productivity | |||
| }}</ref> | |||
| ==Acquisitions== | |||
| *April 2003: Acquired "The Reference Inc.", a company incorporated in ],<ref>{{cite web|url=http://www.sebi.gov.in/dp/patnifin.pdf |title=Cover Page.pm6 |format=PDF |date= |accessdate=2010-07-16}}</ref> USA for a consideration of about US$ 7.5 million, through its wholly owned US subsidiary, Patni Computer Systems Inc. The Reference Inc. has provided Patni with specialised skills and domain expertise in the financial services industry segment. | |||
| *November 2004: Acquired "Cymbal Corporation" for a sum of {{INRConvert|300|c}} million.<ref>{{cite web|author=Shobhana Subramanian / Mumbai 23 March 2005 |url=http://www.business-standard.com/india/storypage.php?autono=208294 |title=Patni`s bent on catching up |publisher=Business-standard.com |date=2005-03-23 |accessdate=2010-07-16}}</ref> Cymbal's acquisition allowed Patni to enter the IT services market in the telecom vertical, gaining expertise and operations in the provision of services to clients in the telecommunications industry. | |||
| *June 2006: Acquired "ZAiQ Technologies", a design and verification company, in ]<ref>{{cite web|url=http://www.siliconindia.com/shownews/Patni_acquires_ZAiQ-nid-32082.html |title=Patni acquires ZAiQ |publisher=SiliconIndia |date=2006-06-06 |accessdate=2010-07-16}}</ref> Through the transaction, Patni obtained ZAiQ's ] (ASIC) design capabilities and ] (IP), as well as expertise in ] (FPGA) and ] (SoC) technologies.<ref>{{cite web|url=http://business.highbeam.com/137376/article-1G1-148031445/buy-american |title=Buy American.(Patni Computer Systems Ltd. acquires Zaiq Technologies)(Brief article) | HighBeam Business: Arrive Prepared |publisher=Business.highbeam.com |date=2006-07-10 |accessdate=2010-07-16}}</ref> | |||
| *July 2007 : Acquired Europe-based "Logan-Orviss International (LOI)", a leading independent specialist telecommunications consulting services company. The consideration includes an upfront cash payment on completion of the transaction as well as performance-linked incentive payments on achieving financial targets over a three-year period. LOI ended a profitable year with revenues of Euro 11.8 Million in 2006.<ref>{{cite web |url=http://www.patni.com/newsroom/press-release/2007/LOI_Telecom.pdf |title=Patni acquires Telecoms Consulting Specialist |accessdate=2007-10-04 |date=2007-07-02 |format=PDF |publisher=Patni}}</ref> | |||
| *July 2007 :Acquired N.J.-based "Taratec Development Corp." through Patni Computer Systems Inc. a wholly owned subsidiary of the Company, for an aggregate price of $27.2 million in cash including contingent consideration. With more than $20m in annual revenue, Taratec is a leading consulting company in the life sciences industry providing integrated business, information technology, and regulatory compliance products and services.<ref>{{cite web |url=http://www.patni.com/newsroom/press-release/2007/Taratec.pdf |title=Patni Acquires Life Sciences Services Company Taratec for $27 million |accessdate=2007-10-04 |date=2007-07-23 |format=PDF |publisher=Patni}}</ref> | |||
| ==Awards and recognition== | |||
| *Listed as a ‘IAOP 2008 Global Outsourcing 100 Company’.<ref>{{cite web|url=http://www.livemint.com/2008/02/22162140/Infosys-TCS-among-best-global.html |title=Infosys, TCS among best global outsourcing service providers - Technology |publisher=livemint.com |date=2008-02-22 |accessdate=2010-07-16}}</ref> | |||
| *Ranked among Top 15 ‘Insurance Industry Vendors offering Comprehensive End-to-end BPO Services’.<ref>{{cite web|url=http://www.patni.com/financial-results/annual-reports.aspx |title=Business Outcomes | iTOPS | Strategic Outsourcing Solutions | IT Services | iGATE |publisher=Patni.com |date= |accessdate=2013-06-10}}</ref> | |||
| ==References== | |||
| {{Reflist|2}} | |||
| ==External links== | |||
| * | |||
| {{Use dmy dates|date=June 2011}} | |||
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Revision as of 12:34, 12 February 2014
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