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Patni Computer Systems (PTI)
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iGATE Assembles Winning Team of Government Executives
PR Newswire  Feb 9  Comment 
FREMONT, Calif., Feb. 9, 2012 /PRNewswire/ -- iGATE Corporation (iGATE or the Company) (NASDAQ: IGTE), the integrated technology and operations company providing Business Outcomes based solutions under the brand name iGATE Patni, today announced it
Phaneesh Murthy's fast-track integration of Patni with iGate not going down well with investors
The Economic Times  Feb 5  Comment 
Phaneesh Murthy's fast-track integration, many fear, may be skewed in favour of iGate and its investors rather than Patni.
Hazare to be shifted to Delhi for medical treatment
The Hindu Business Line  Jan 28  Comment 
Social activist, Mr Anna Hazare, would be shifted to a hospital in Gurgaon near Delhi tomorrow, his associates said today.Mr Anna’s aide, Mr Datta Awari, told PTI from his native village Ra...
iGATE Patni Q4 profit up 4%
The Hindu Business Line  Jan 26  Comment 
iGATE Patni on Wednesday said that it had posted a 4 per cent increase in its net profit for the quarter ended December 2011. The company reported a profit of $15.3 million, up from $14....
iGate Patni to invest $120 mn for expanding India facilities
The Economic Times  Jan 25  Comment 
IT company iGate Patni said it has got approval for expanding its facilities in Pune, Mumbai and Bangalore at an investment of $120 million.
Patni Posts 1.46 Billion Rupees Profit
Wall Street Journal  Jan 25  Comment 
Patni Computer Systems beat market expectations with a fourth-quarter net profit of 1.46 billion rupees, as it benefited from foreign-exchange gains and non-operating income.
Scrabble promotion for corporate branding
The Hindu Business Line  Jan 19  Comment 
Chennai Starting on January 20 at the iGATE Patni Campus in Whitefield, Bangalore, is a three-day ‘International Scrabble Tournament.’ The event, organised for the last 7 years, is an important to...
Income tax dept demands $210 mln from Bharti Airtel: PTI website
Reuters  Jan 18  Comment 
The Income Tax Department is seeking 10.67 billion rupees from Bharti Airtel , the country's top mobile phone carrier, for non-payment of taxes related to its overseas operations, the Press Trust of India news agency reported on its website.
Patni Computer gets shareholders’ nod for delisting
The Hindu Business Line  Jan 9  Comment 
IT firm Patni Computer Systems has received shareholders’ approval for delisting the company from the Indian bourses and the New York Stock Exchange.In a regulatory filing, Patni Computer S...
PE fund Suffolk (Mauritius) raises stake in Patni
The Hindu Business Line  Dec 28  Comment 
Private equity fund Suffolk (Mauritius) has raised its stake in Patni Computer Services to 5.03 per cent after acquiring shares of the company worth Rs 5.04 crore through open market transactions....




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Patni Computer Services Ltd, based in Mumbai India, is a leading provider of information technology services. The company delivers a comprehensive range of IT services through globally integrated onsite and offshore delivery locations primarily in India, through its global delivery model. Patni focuses its efforts on companies in the insurance (22.9% of revenues in the third quarter of 2007), manufacturing (25.9%), financial services (14.2%), and the telecommunications (12.1%) industries, but is also working to expand its expertise in other areas, such as retail, energy and utilities, logistics and transportation, product engineering and media and entertainment, which, in total comprised 24.9% of revenues for the third quarter of 2007. Within these practices, the company offers services that include application development, maintenance and support (65.0% of revenues in the third quarter of 2007), enterprise application systems (13.5%), enterprise systems management (5.4%), embedded technology services (11.1%), and other services (5.0%). In November 2004, the company enhanced its expertise in the telecommunications industry by acquiring Cymbal Corporation, a U.S.-based IT services company, and is willing to use a targeted acquisition strategy as part of its expansion and growth strategy. Recently, Patni has formed a strategic alliance with Savvion, the industry's leading business process management (BPM) company. Patni will leverage its domain expertise and knowledge of industry best practices to collaborate, control, and improve business processes of its clients with Savvion BusinessManager going forward. During the third quarter of 2007, Patni derived 78.0% of its revenues from the United States, 15.1% from Europe, 3.1% from Japan, 2.2% from the remaining Asia/Pacific region, and 1.6% from the rest of the world. The company has approximately 14,290 employees, with 11,323 located in India. During the second quarter of 2008, Patni acquired Europe based telecommunications company Logan-Orviss International (LOI) and U.S. based life sciences company Taratec Development Corporation.




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