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Hyderabad , April 21

IGATE Global Solutions, a technology integration and operations management company, has announced the commencement of work from its new development centre in Hyderabad. It plans to invest $1 million in the centre and recruit about 300 people this year.

This expansion is a part of the company move to invest $ 20-25 million and induct about 1,000 people during the year.

Inaugurating a 65,000-sq. ft global services centre, the Chief Executive Officer of iGate, Mr Phaneesh Murthy, said: we are ramping up and standardising workplaces to global standards."

Addressing a press conference here with the company CFO, Mr N. Ramachandran, Mr Murthy said iGate, which has 3100 people including 250 in Hyderabad, plans to induct about 1,000 in three centres of Bangalore, Chennai and Hyderabad. iGate, a subsidiary of the $290 million Nasdaq-listed iGate Corporation, is positive on the business trend of transaction based operations management for financial and banking corporations. Apart from growth in the enterprise solutions, the company sees expanding role in business process outsourcing operations. The Chief Delivery Officer of iGate, Mr Mohan Sekhar, said: "The Hyderabad centre is of strategic importance serving some of our large clients."

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