Technology firm iGATE Patni has rebranded itself as ‘iGATE’.

The name ‘Patni,’ representing Patni Computer Systems, a majority owned subsidiary, has been removed from its brand identity.

Delisting process

The rebranding follows the delisting of Patni from the Indian stock exchanges after the company offered Rs 520 a share last month to complete the delisting process.

This completed the process of acquisition of Mumbai-based Patni Computer Systems for $1.2 billion by the US-based iGATE which was announced in January 2011.

“I have always articulated that Patni, being a family name, is difficult to protect in several of our markets. This brand change is in line with our vision of ‘one company’ that will follow the successful delisting offer process of Patni with the Indian stock exchanges,” Mr Phaneesh Murthy, CEO, iGATE, said in a press statement.

“With a revenue run rate of over a billion dollars and over 27,000 employees, the new iGATE symbolises a young and vibrant brand representing the merits of a fully integrated entity. Equipped with an innovative mindset of a game-changer, iGATE will engage with global customers to deliver high-impact outcomes through our proprietary iTOPS framework,” he added.

Business outcomes-based model

iGATE Corporation is an integrated technology and operations (iTOPS) company providing consulting, technology and business process outsourcing, and product and engineering solutions on a business outcomes-based model.

The company works across verticals such as banking and financial services; insurance and healthcare; life-sciences; manufacturing, retail, distribution and logistics; media, entertainment, leisure and travel; communication, energy and utilities; public sector; and independent software vendors.

(This article was published on May 7, 2012)
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