iGate
From Wikipedia, the free encyclopedia
| iGate Corporation | |
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| Type | Public (NASDAQ: IGTE) |
| Founded | 1986 |
| Headquarters |  Pittsburgh, Pennsylvania |
| Key people | Ashok Trivedi, Co-Founder, Co-Chairman and President Sunil Wadhwani, Co-Founder, Co-Chairman Phaneesh Murthy CEO iGATE Global Solutions Steve Shangold, President Mastech |
| Industry | Conglomerate |
| Products | data management business intelligence recruiting process outsourcing clinical research |
| Revenue | ▲US$277 million(2006) |
| Employees | 6,000+ |
| Website | www.igate.com www.mastech.com www.rpoww.com www.igatecorp.com |
iGate Corporation is a publicly traded (NASDAQ: IGTE) global information technology and business process outsourcing conglomerate headquartered in Pittsburgh, PA. The company was originally formed as Mastech Corporation in the mid-1980s, and renamed in 2000. The company began global operations in 1996. The name iGate comes from a technical term referring to an APRS (amateur radio) station connected to the Internet that relays the APRS data it receives locally to central Internet sites. The company has offices throughout the United States, Europe, Costa Rica, and three locations in India including; Bangalore, Chennai and Hyderabad.
iGATE’s operations are divided into four subsidiary company segments:
iGATE Global Solutions
iGATE Global Solutions is the flagship subsidiary of iGATE Corporation and provides offshore IT Services (which include consulting, development, maintenance and package services etc), Process investment strategies and Business Process Outsourcing and Provisioning. It has attempted to stay ahead of the market by focusing on its iTOPS strategy (Integrated Technology & Operations). IGATE Global Services (iGS) also designs, develops, and manage business intelligence systems, which organize data and evaluate the feasibility of business decisions. iGATE is one among the top ten recruiters in India.
Mastech (formerly known as iGate Mastech Professional Services)
Mastech is a $130M subsidiary of iGATE Corporation which provides U.S.-based staffing services in the areas of Business Intelligence, Service Oriented Architecture/Web Services and Enterprise Resource Planning, through a global recruiting and technical resource management model. Additionally, Mastech provides talent acquisition in the areas of financial/accounting and permanent placement services. Mastech has operations throughout the United States, Europe and Asia, and was launched in 1986.
RPOworldwide
RPOworldwide is iGATE Corporations subsidiary which focuses on Recruiting Process Outsourcing (RPO) services. RPOworldwide provides offshore recruitment services including: candidate sourcing, screening, onboarding, candidate assessments, and full recruitment. RPOworldwide’s clients are composed mostly of Fortune 1000 global enterprises, Professional Staffing Firms, Systems Integrators, Human Resources Outsourcing (HRO) Providers, and domestic-based RPO service providers. RPOworldwide is one of very few RPO providers which provide RPO services through an offshore model.
iGATE Clinical Research (iCRI)
iGATE Clinical Research, formerly DiagnoSearch, was one of the first clinical trials management companies to establish operations in India, beginning as in 1997. iGATE Clinical Research has become an award-winning CRO with more than 35 CQA audits by North American and European biopharmaceutical companies, and offers a complete range of Phase II to IV clinical trials support service.
iGATE subsidiaries handle customers across five continents at Bangalore/Bengalooru, Chennai and Hyderabad.
[edit] Company History
The Namesake
Mastech Corporation was formed by three students from India who attended Pittsburgh's Carnegie Mellon School of Computer Science. Two of the original co-founders, Ashok Trivedi and Sunil Wadhwani, remain with the company today. Their first initials represent the A and S in Mastech respectively, while the M came from the first initial of the third founding partner.
Rapid Growth
During the dot-com boom of the late 1990's, Mastech grew rapidly through organic growth and several acquisitions--including Symphoni Interactive, IMIS, GRM, and The Amber Group. Another major source of revenue growth for Mastech came from software repairs related to the Y2K bug. Mastech also formed an Enterprise Package Solutions (EPS) division to focus on enterprise application integration, customization, and data migration projects related to Oracle RDBMS, SAP AG, PeopleSoft, Siebel Systems, Cognos, Kronos Inc, and similar implementation projects.
Initial Public Offering
Mastech Systems Corp. stock began trading on the NASDAQ as MAST on December 17, 1996. Its stock price rose 14 percent above its initial price of $15 before closing at $17.125. Sunil Wadhwani and Ashok Trivedi reportedly each made $10 million by selling 700,000 of their own shares.
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