Testimony to iGATE's Relentless Pursuit in Adopting Best in Class Practices - Phaneesh Murthy
Body: FREMONT, Calif. and BANGALORE, India, Oct. 3, 2011 (GLOBE NEWSWIRE) -- iGATE Corporation (Nasdaq:IGTE), the first integrated Technology and Operations (iTOPS) company providing Business Outcomes based solutions under the brand iGATE Patni, today announced that it has been awarded 'The Golden Peacock Global Award (Americas) for Excellence in Corporate Governance' for the year 2011.
The award will be formally presented to iGATE by Hon'ble Mark Hoban, Financial Minister to Her Majesty's Treasury (United Kingdom's Economics and Finance Ministry) next month in London.
Commenting on the recognition, Phaneesh Murthy, CEO, iGATE Corporation, said, "The Golden Peacock Award is special for iGATE as this award is recognised globally as the hallmark of corporate excellence. For us, this is a testimony to our relentless pursuit in adopting best-in-class practices in every aspect of our business including Corporate Governance."
The distinguished jury at the Golden Peacock Awards Secretariat included Justice PN Bhagwati, Dr.Ola Ullsten- former Prime Minister of Sweden, Lt. Gen Surinder Nath, PVSM, AVSM (retd.) former Vice Chief of Indian Army & former Chairman, Union Public Service Commission and Dr. A N Saksena - former Financial Advisor Ministry of Petroleum & Natural Gas.
Manoj Raut, CEO and Director, Institute of Directors, said, "iGATE is doing a great amount of work and maintaining good momentum. This year, they have emerged outstanding and have been declared as winner for their world-class performance."
On the specific initiatives, Mukund Srinath, SVP – Legal and Corporate Secretary, iGATE Corporation, added,"iGATE's pursuit for Excellence in Corporate Governance led to the Company focusing on an ongoing self assessment exercise at all levels in the organisation. This has consequently helped achieve significant improvement in the overall performance of the organization including an energetic and excited workforce that is now aligned to iGATE's single minded objective of being the leading Outcomes driven organization."
Established by the Institute of Directors in 1992 and instituted to celebrate and honour the best organizations and recognize unique achievements in brand building, The Golden Peacock award is the most prestigious award for corporate excellence worldwide.
About iGATE Patni
'iGATE Patni' is the common brand identity of two organizations — iGATE Corporation and Patni Computer Systems Limited (Patni). With iGATE having acquired a majority stake in Patni, the two companies, under the common brand iGATE Patni, jointly provide full-spectrum consulting, technology and business process outsourcing, and product engineering services on a Business Outcomes-based model. Armed with over three decades of IT Services experience and powered by the iTOPS (Integrated Technology and Operations) platform, iGATE Patni's multi-location global organization with a talent pool of 26,000+ people, consistently delivers effective solutions to over 360 Fortune 1000 clients spanning across verticals like: banking & FINANCIAL services; insurance & healthcare; life sciences; manufacturing, retail, distribution & logistics; media, entertainment leisure & travel; communication, energy & utilities; public sector; and independent software vendors. Visit: www.igatepatni.com
iGATE Corporation is listed on nasdaq (IGTE), and Patni Computer Systems Limited on the Bombay Stock Exchange (532517), the National Stock Exchange of India (PATNI) and NYSE (PTI).
The iGATE Patni brand logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5150
CONTACT: Media Contact
Prabhanjan Deshpande "PD"
+91 80 4104 5006