IGATE CEO , Ashok Vemuri told that they believe that this transaction will help enhance IGATE's ability to continue to provide value added and differentiated services to our customers. This combination will allow IGATE to grow into an even stronger leader in our sector, and be better able to provide best-in-class solutions to our clients’ business challenges. and will be a large asset to Capgemini. Through Capgemini’s global reach, IGATE will be able to expand their footprint and offer our exceptional services to a wider breadth of clients. "Together, we will become one of the leading companies of our sector with over 177,000 people worldwide. We will have combined revenue in excess of €11.7 billion and an operating margin of approximately €1.2 billion", Vemuri told.
Earlier in 2011, IGATE, acquired Patni Computer Systems–a company three times its size at the time. With a value of around a billion US dollars, this acquisition was the largest cross-border leveraged transaction in the IT sector.
In the near term, and through the transaction process, IGATE do not anticipate any immediate changes to the organization beyond the ordinary course of business. The merger transaction is now subject to customary closing conditions, including regulatory approvals, expecting to be closed in the second half of 2015. Until then, IGATE remain an independent company separate and apart from Capgemini and continue to act in their independent business interest.
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