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…
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.[citation needed] The acquisition was accomplished over 12 months, including the delisting of Patni from the Indian bourses and consolidating the shareholder value in the U.S. Initially. iGATE firm changed its name to iGATE Patni. It was changed to IGATE again on 7 May 2012. Its shares are listed on the NYSE as "IGATE". On 27 April 2015, Capgemini announced it would be acquiring IGATE, the transition would be completed over a phase of 6 months. IGATE CEO Ashok Vemuri announced his departure on 6 October 2015.
We know Patni Computer Systems is based in Mumbai, but no public street address was found — its pin on the map is indicative only. Know the address?
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