FREMONT, Calif., July 11, 2012 (GLOBE NEWSWIRE) -- iGATE, the first integrated Technology and Operations Company providing Business Outcomes-based solutions, today announced it has been ranked No. 18 and also adjudged a 'Leader' in The 2012 Global Outsourcing 100® List by The International Association of Outsourcing Professionals® (IAOP®). Chosen for the third consecutive year, iGATE's rank has risen significantly from 53 in 2011.
The 2012 Global Outsourcing 100® recognizes the world's best outsourcing service providers and advisors. The rankings were based on applications received and evaluated by an independent judging panel organized by IAOP. The assessment criterion was based on multiple measurement standards such as- Company Size; Growth; Global Presence; Customer References; Company Recognitions; Company Certifications; Employee Management; Executive Leadership.
Phaneesh Murthy, CEO, iGATE said, "We are delighted to be chosen as one of the best outsourcing providers in the world by IAOP. Our rankings have catapulted more than three times over the past few years. This is a testimony to the growth created by our unique Business Outcomes-based model, quality and innovation that the team delivers on a consistent basis."
"In today's economy, it is more important than ever for outsourcing end users to be able to easily identify and select the right company for their outsourcing needs," said IAOP Chairman, Michael Corbett. "iGATE continues to be a proven leader in the outsourcing industry."
iGATE was also included in the following 2012 Sub-List Honors:
- Best 20 Leaders - Financial Services (Banking, Markets)
- Best 20 Leaders - Financial Services (Insurance)
- Best 20 Leaders - Retail and Consumer Goods
- Best 20 Leaders - Information/Comm. Technology Services
- Best 5 Leaders in Australia/New Zealand
- Best 20 Leaders in US
- Best 20 Leaders in UK
- Top List Climbers Year to Year
- Multi-Year Winner
About Business Outcomes
iGATE's industry-first Business Outcomes-based approach focuses on the realization of tangible and measurable results, unlike traditional models which are driven by work, effort, time and manpower. By integrating technology and processes in a proprietary way and pricing services on results, iGATE exchanges fixed costs for a variable cost structure in an attempt to get clients to pay-for-results-only while enabling them to adjust to the peaks and valleys of their demand.
About iGATE
iGATE Corporation is the first integrated technology and operations (iTOPS) company providing full-spectrum consulting, technology and business process outsourcing, and product and engineering solutions on a Business Outcomes-based model. Armed with over three decades of IT Services experience and powered by the iTOPS platform, iGATE's multi-location global organization has a talent pool of over 27,000 employees and consistently delivers effective solutions to over 360 Fortune 1000 clients spanning 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. Please visit www.igate.com for more information. iGATE Corporation is listed on the NASDAQ Global Select Market under the symbol "IGTE."
The iGATE Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5150
About IAOP
The International Association of Outsourcing Professionals® (IAOP®) is the global, standard-setting organization and advocate for the outsourcing profession. With more than 120,000 members and affiliates worldwide, IAOP helps companies increase their outsourcing success rate, improve their outsourcing ROI, and expand the opportunities for outsourcing across their businesses. To learn more, visit http://www.IAOP.org.