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iGate acquires Patni

iGate acquires Patni

By Basab Pradhan on January 10, 2011

iGate announced its acquisition of a majority stake in Patni. iGate with Apax Partners, will acquire 63% of the company for the final price of Rs. 503.50 effectively valuing Patni, the company at $1.5 Billion. By Indian law, iGate will have to make an open offer to acquire an additional 21% of the company. With […]

Posted in Business, Featured Posts | Tagged Apax Partners, igate, India, M&A, Mergers & Acquisitions, Offshore Services, Patni, Private equity firm

iGate swallows larger Patni—does it matter?

iGate swallows larger Patni—does it matter?

By Phil Fersht on January 10, 2011

As far as mergers go, this is a fairly synergistic one: a high-growth, innovative company acquires a bigger but staid, stuck competitor

Posted in Business | Tagged BPO, Current Affairs, enterprise, Enterprise Irregulars, Esteban Herrera, igate, IT Outsourcing / IT Services, Outsourcing Vendors, Patni

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