FREMONT, Cailf., Oct. 20, 2008 (GLOBE NEWSWIRE) -- iGATE Corporation (Nasdaq:IGTE), an integrated Technology and Operations (iTOPS) firm, announced that it will begin operating a new US$2 million facility in Guadalajara, Mexico on Monday, Oct. 20, 2008. The new center, iGATE Global Solutions Mexico S.A. de C.V., will utilize local workers to offer near-shore iTOPS, IT and BPO services to a variety of U.S. and Latin American clients.
iGATE's Guadalajara facility is the latest addition to the company's international network of locations in the United States, Canada, India, Malaysia, Australia and the United Kingdom, providing truly global, technology-based solutions to Fortune 1000 and government clients across a range of sectors. The facility plans to employ twenty-five staff in the near future, reaching one hundred by 2010.
"Mexico's proximity to the U.S. and participation in NAFTA makes it an ideal location for a state of the art delivery facility. Our facility in Guadalajara will enable us to provide services with a very quick turnaround fuse like rapid application support and application development using rapid prototyping," said Phaneesh Murthy, CEO, iGATE Corporation.
"With its local universities and educated workforce, Guadalajara has emerged as a leading location for high tech services," said Emilio Gonzalez Marquez, Governor of Jalisco. "We are excited to welcome a company of iGATE's vision to Guadalajara and to become part of its global network of locations offering high-value iTOPS services."
"Our new delivery center in Guadalajara will focus on providing high-value iTOPS and IT services such as project management, legacy support, application development and lifecycle management, Business Intelligence, Enterprise Resource Planning (ERP) and Process outsourcing," said Sean Narayanan, Chief Delivery Officer, iGATE.
Media Event: Official Opening of iGATE's Guadalajara Facility
Date: Monday, Oct. 20, 2008
Time: 2:00 p.m. CT
Where: Hilton Guadalajara, Ave. de la Rosas 2933, Guadalajara
Who: Mr. Phaneesh Murthy, CEO, iGATE Corporation
Mr. Emilio Gonzalez Marquez, Honorable Governor of Jalisco
About iGATE Global Solutions
iGATE Global Solutions is the first fully integrated technology and operations (iTOPS) firm with a global services model. iGATE enables clients to remain focused on their core competencies, optimize their businesses and gain substantial and sustainable cost benefits year-on-year through a combination of process investment strategies, technology application and business process outsourcing and provisioning. iGATE's services include consulting, IT Services, Data Analytics, Enterprise Systems, BPO/BSP, Contact Center and Infrastructure Management Services. The Company has been assessed at SEI-CMM Level 5, follows Six Sigma methodologies and is BS7799 & COBIT certified, ensuring the highest levels of quality and data security. iGATE Global Solutions maintains locations in 12 countries globally and manages development centers in the US, Australia, Mexico, Malaysia and India. For more information, please visit www.igate.com.
The iGATE Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5150
Forward Looking Statements
Some of the statements contained in this news release that are not historical facts are forward-looking statements. These forward-looking statements include iGATE Corporation's (the "Company") financial, growth and liquidity projections as well as statements concerning the Company's plans, strategies, intentions and beliefs concerning business cash flows, costs and the markets in which it operates. Without limiting the foregoing, the words "believes," "anticipates," "plans," "expects," "intends" and similar expressions are intended to identify certain forward-looking statements. These statements are based on information currently available to the Company and it assumes no obligation to update the forward-looking statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from the forward-looking statements. These risks include, but are not limited to, the company's ability to predict its financial performance, the level of market demand for its services, the highly-competitive market for the types of services offered by the Company, the impact of competitive factors on profit margins, market conditions that could cause the Company's customers to reduce their spending for its services, the Company's ability to create, acquire and build new businesses and to grow existing businesses, attract and retain qualified personnel, reduce costs and conserve cash, currency fluctuations and market conditions in India and elsewhere around the world, political and military tensions in India and South Asia, changes in generally accepted accounting principles and/or their interpretation and other risks that are described in more detail in the Company's filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2007.