iGATE Bags 5 Year Federal GSA Schedule Contract
February 28 2011 - 8:00AM
Also Awarded Mentor-Protégé Agreement by Federal
Government
Two Critical Milestones Accomplished in iGATE's Endeavor to
Become Leading Provider to Federal Government
Integrated Technology and Operations (iTOPS) company iGATE
Corporation (Nasdaq:IGTE) has announced that it has bagged a Five
Year Federal GSA Schedule IT Contract. The GSA Schedule Contract is
a program whereby GSA establishes long-term, government-wide
contracts with commercial firms to provide access to millions of
products and services. All Federal, State and Local government
agencies will have all services offered by iGATE available to
them.
iGATE has also been awarded a Mentor-Protégé agreement by the
Federal Government. The Mentor-Protégé agreement was awarded to
iGATE, together with AITHERAS LLC, from the Department of the
Treasury and the Office of Small and Disadvantaged Business
Utilization (OSDBU).
Phaneesh Murthy, iGATE President and Chief Executive
Officer, said, "These two contracts are important milestones
in our endeavor to become a leading technology provider to
the Federal Government. Our role as a 'mentor' to AITHERAS LLC will
enable us to expand our business as we reinforce our commitment to
support small minority businesses that share our
space."
The Mentor-Protégé Program is designed to motivate and encourage
firms to assist small businesses, including HUBZone small
businesses (HUBZone), small disadvantaged businesses (SDB),
women-owned small businesses (WOSB), veteran-owned small business
(VOSB), and service disabled veteran-owned small businesses in
enhancing their capabilities.
The program is also designed to perform Department of the
Treasury contracts and subcontracts, foster the establishment of
long-term business relationships between these entities and
Treasury prime contractors, and increase the overall number of
these entities that receive Treasury contract and subcontract
awards. Treasury and OSDBU believe that the Mentor-Protégé
program offers small businesses an unparalleled opportunity to
accelerate their development, thereby strengthening the U.S.
economy.
About iGATE
iGATE is the first Business Outcomes driven integrated
Technology and Operations (iTOPS) solutions provider with a global
delivery model. iGATE's unique business model aligns with the
client's strategic objectives to achieve operational efficiencies,
increase cost variability and rationalize their current operating
environment. With industry expertise spanning decades, iGATE has
developed the right solutions with its Business Outcomes driven
approach for industry verticals - Banking, Insurance,
Manufacturing, Retail, Health Care, Media & Entertainment and
Telecom & Hi-Tech.
The iGATE Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5150
About AITHERAS
AITHERAS, LLC, a Landover, Maryland-based regulatory readiness
firm provides enterprise solutions including electronic document
management, IT operations management and testing, regulatory
validation and compliance. The company is an 8(a),
minority-owned business as defined by the Small Business
Administration. In addition to iGATE, the company has a
strategic affiliation with The Collingwood Group, LLC, a
Washington, D.C.-based business advisory firm.
CONTACT: Media Contact:
Prabhanjan Deshpande "PD"
+91 80 4104 5006
pr@igate.com
Igate (NASDAQ:IGTE)
Historical Stock Chart
From May 2024 to Jun 2024
Igate (NASDAQ:IGTE)
Historical Stock Chart
From Jun 2023 to Jun 2024