iGate aiming acquisitions for growth in India

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

After acquiring Indian IT firm Patni two years ago, seems iGate is again seeking acquisitions in India. If reports are to be believed, iGate is planning to spend about $25-50 million for acquiring smaller companies in India.

Phaneesh Murthy, Chief Executive Officer, iGate, said, "We are looking for smaller acquisitions, something like a tuck-in acquisition, in the range of $25–50 million. The acquisition should help us strengthen our platforms and operations, especially in the banking, financial services and insurance space.” 

It is important to note that iGate has acquired nearly 63-per cent stake in Patni Computer Systems.....See More