IGTE (MM)

PITTSBURGH, Nov. 15 /PRNewswire-FirstCall/ -- iGATE Corporation (NASDAQ:IGTE), a global provider of IT and BPO services, today announced that the Company's offshore subsidiary, iGATE Global Solutions ("iGS") recently signed a key technology services agreement with Radian Group Inc. (NYSE:RDN), a provider of innovative credit solutions to the global financial and capital markets. (Logo: http://www.newscom.com/cgi-bin/prnh/20010110/IGTELOGO ) Under the agreement, iGS will be a strategic partner for managing Radian's application portfolio needs. iGS will initially provide Radian with core technology services across a range of key mortgage insurance platforms and infrastructure, backed by their significant domain expertise in the areas of mortgage and insurance operations. "This is a very exciting partnership for us in that this consolidates iGS's position in end to end mortgage iTOPS services. With this partnership we also get into the mortgage insurance and credit enhancement space with a client who is seeking to grow their operations internationally. We are proud to be associated with them," said Krishna Nacha, Vice President of iGS. Lawrence DelGatto, Senior Vice President and Chief Information Officer of Radian Group Inc. said "Radian has taken a deliberate and prudent approach to build its business in international markets. Accordingly, Radian's technology goals are no different. By aligning with iGS, we are able to tap into iGS's global workforce and infrastructure, improving Radian's delivery capacity, growing our application development capabilities, and maintaining a clear focus on expenses. iGS's strong insurance expertise and recent investment in mortgage processing capabilities align well with Radian's stated business objectives." About Radian Group Inc. Radian Group Inc. is a global credit risk management company headquartered in Philadelphia with significant operations in both New York and London. Radian develops innovative financial solutions by applying its core mortgage credit risk expertise and structured finance capabilities to the credit enhancement needs of the capital markets worldwide, primarily through credit insurance products. The company also provides credit enhancement for public finance and other corporate and consumer assets on both a direct and reinsurance basis and holds strategic interests in active credit-based consumer asset businesses. Additional information may be found at http://www.radian.biz/. About iGATE Corporation Pittsburgh, Pennsylvania-based iGATE Corporation (NASDAQ:IGTE) is the first fully integrated technology and operations firm with a global service model. iGATE Corporation, through its offshore subsidiary, iGATE Global Solutions Ltd., enables clients to optimize their business through a combination of process investment strategies, technology leverage and business process outsourcing and provisioning. Services include consulting, enterprise data management and data warehousing, business intelligence and analytics, design, development, systems integration, package evaluation, and implementation, re-engineering and maintenance. iGATE Corporation also offers IT Professional Services in the areas of packaged application implementation, custom development, web services and business intelligence. The Company services more than 300 clients across five continents. Clients rely on iGATE for high quality service, responsiveness, and cost- effective global reach. More information about iGATE is available at http://www.igatecorp.com/. About iGATE Global Solutions iGATE Global Solutions is the first fully integrated technology and operations firm with a global services model. iGS enables clients to optimize their business and gain substantial and sustainable benefits year-on-year through a combination of process investment strategies, technology leverage and business process outsourcing and provisioning. Services include consulting, IT Services, Data Analytics, Enterprise Systems, BPO/BSP, Contact Center and Infrastructure Management Services. The Company has been assessed at SEI-CMM Level 5, follows Six Sigma methodologies and is BS7799 & COBIT certified, ensuring the highest levels of quality and data security. Founded in 1993 and listed on three stock exchanges in India, iGS is present in 12 countries and maintains development centers in the US, UK, Canada, China, Malaysia and India. iGS is an equal opportunity employer that actively encourages diversity. For more information, please visit http://www.igate.com/. http://www.newscom.com/cgi-bin/prnh/20010110/IGTELOGO http://photoarchive.ap.org/ DATASOURCE: iGATE Corporation CONTACT: Michael J. Zugay, Sr. Vice President & CFO of iGATE Corporation, +1-412-787-9590, or Web site: http://www.igatecorp.com/ http://www.radian.biz/ http://www.igate.com/

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