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iGATE Corporation, the first integrated technology and operations company providing Business Outcomes based solutions under the brand name iGATE Patni, today announced that further to the Public Announcement made on March 14, 2012 and the Bid Letter dated March 14, 2012 mailed to the shareholders of Patni Computer Systems Limited, the last date for receipt of bids for the Delisting Offer has concluded today on Friday, March 30, 2012. The Promoters will evaluate the results of the above Delisting Offer and declare their decision whether or not to accept the same on April 10, 2012.
About iGATE Patni:
'iGATE Patni' is the common brand identity of two organizations — iGATE and Patni. With iGATE Corporation having acquired a majority stake in Patni Computer Systems Limited, the two companies, under the common brand iGATE Patni, 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 27000+ 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 BSE (532517), NSE (PATNI) and NYSE (PTI).
The iGATE Patni brand logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5150
CONTACT: Investor Contact:
+1 (510) 896 3007
Prabhanjan Deshpande "PD"
+91 80 4104 5006