IGTE (MM)

PITTSBURGH, Nov. 28 /PRNewswire-FirstCall/ -- iGATE Corporation, (NASDAQ:IGTE), a global provider of Information Technology and Business Process Outsourcing services, announced that Sunil Wadhwani, Chief Executive Officer and Co-Founder, and Ashok Trivedi, President and Co-Founder, will ring the NASDAQ closing bell today at 4:00 p.m. EST in celebration of its 10th anniversary as a public company. (Logo: http://www.newscom.com/cgi-bin/prnh/20010110/IGTELOGO ) "It is an honor to ring the closing NASDAQ bell to celebrate this milestone and our 10th anniversary as a public company," said Sunil Wadhwani. "During the past two years, we've shifted our strategic focus to pursue larger Global 2000 companies that present stronger and multi-year project growth opportunities, and have developed innovative service offerings like our Integrated Technology and Operations (iTOPS) services," continued Mr. Wadhwani. "These fundamental business changes have contributed to our seven consecutive quarters of revenue growth and recent trend of improving business performance. We are looking forward to our continued longevity and future success." "The information technology and business process outsourcing markets are growing rapidly and remain very robust," added Ashok Trivedi." We are in an outstanding position to take advantage of the market expansion in these areas and have made strong gains in project growth with the new clients we have added during the past two years, particularly in the financial services industry. We are very enthused about the significant growth opportunities that remain ahead of us," concluded Mr. Trivedi. A live webcast of the ceremony will be available at http://www.nasdaq.com/reference/marketsite_about.stm. 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/. Forward-Looking Statements Some of the statements contained in this news release that are not historical facts are forward-looking statements. These forward-looking statements include the company's financial, growth and liquidity projections as well as statements concerning the company's plans, strategies, intentions and beliefs concerning business cash flows, costs and the markets in which it operates. Without limiting the foregoing, the words "believes," "anticipates," "plans," "expects" and similar expressions are intended to identify certain forward-looking statements. These statements are based on information currently available to the company and it assumes no obligation to update the forward statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from the forward-looking statements. These risks include, but are not limited to, the company's ability to predict its financial performance, the level of market demand for its services, the highly-competitive market for the types of services offered by the company, the impact of competitive factors on profit margins, market conditions that could cause the company's customers to reduce their spending for its services, the company's ability to create, acquire and build new businesses and to grow existing businesses, attract and retain qualified personnel, reduce costs and conserve cash, currency fluctuations and market conditions in India and elsewhere around the world, political and military tensions in India and South Asia, changes in generally accepted accounting principles and/or their interpretation and other risks that are described in more detail in the company's filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2005. 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.nasdaq.com/reference/marketsite_about.stm

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