iGate Patni is all set to compete with the likes of IBM, Accenture, Infosys and Congnizant.
However, the Carlyle-Advent consortium could revise its bid upwards, said two independent sources tracking the deal.
iGate has been hit with another sexual harassment suit by an ex-employee.
"Satyam will give us the scale. This will make us stronger," says Phaneesh Murthy, CEO of the Freemont (California)-based IT services provider, iGate Corporation, and one of the suitors of the beleaguered IT corporation.
The world economy has started showing signs of recovery but it will be a slow says Phaneesh Murthy, CEO, iGate Corporation.
Scam-tainted Satyam Computer Services has lost its value with customers moving out of the company, according to Phaneesh Murthy, chief executive of the US-based iGate Corporation.
iGate had in a statement on Friday evening said that it had dropped its bid for Satyam on 'further analysis'. Clarfying his stand last week that iGate would be keen to bid for Satyam at an offer price of below 90 cents a share, Murthy said, "Had we decided to pursue the bid, the share price would have had no bearing on our offer price as we would have bid at a price we thought was a fair valuation."
Software firm iGate on reported a 19.42 per cent decline in its revenue at $44.8 million in the first quarter of 2009.
iGate Global Solutions, the integrated technology and operations company with a global services delivery model, would make its Chennai operation a 'centre of excellence,' chief executive officer Phaneesh Murthy said.
Predicting that the IT market would continue to grow over the next 3-4 years, a top official of iGate Global Solutions on Wednesday said there was a sense of urgency on the part of large US companies to do technology work in India.
iGATE Global Solutions on Monday said it has entered into a five-year deal with the United States-based GreenPoint Mortgage to offer high-value back office services, valued at over $20 million.
External investigators say case of 'gender insenstivity'.
The company had sacked former chief executive officer Phaneesh Murthy in May this year over an undisclosed relationship with a subordinate.
Offline stores dominate the retail market and will continue to do so.
Within six months of joining iGate as CEO, Ashok Vemuri will get a performance bonus of $175,000 (about Rs 1.10 crore) for his strategic initiatives, which helped the US-based outsourcer grow revenues by over 10 per cent in the December quarter.
Narendra Kumar Patni, pioneer of India's information technology (IT) services revolution, passed away in the US.
Vemuri holds about 400,000 shares in IGATE which, at an offer price of $48 apiece, will give him $19.2 million
This historic Vishaka judgement brought the issue of sexual harassment in the workplace into the mainstream discourse says Kanika Dutta.
Outsourcing firm iGate has been slapped with class action lawsuit in the US for alleged violations of federal securities laws in view of its sacked CEO Phaneesh Murthy's "improper relationship" with a subordinate employee.
When they're not busy trying to protect their female staff from sexual harassment by over-friendly customers, hotels have to cope with harassment of a different kind -- thievery.
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