IGTE (MM)

iGATE Patni (Nasdaq:IGTE), the integrated technology and operations brand providing Business Outcomes based solutions, today announced that it has been ranked as a 'Major Contender' in the PEAK Matrix of the research report titled "Global Finance & Accounting Outsourcing (FAO) Service Provider Landscape 2011" by Everest Group. With iGATE Patni transaction, the combined entity has advanced significantly from their erstwhile 'Emerging Player' positions in the same report released in 2010.

Everest Group attributes a number of factors for iGATE Patni's "Major Contender" position:

• Growth in new contract signing as well as extensions/renewals
• New levels of scale for the combined entity providing rapid runway for growth and an expanded client base
• Enhanced service portfolio with Business Outcomes based pricing
• Significant investments in technology, tools and platform
• Expanded Global delivery footprint at onshore (El Paso, Pensacola), offshore (Noida, Bangalore, Mumbai) and near shore (Guadalajara, Ballarat) locations

"The iGATE Patni transaction creates a strong combined entity that is now a 'Major Contender' in Everest Group's FAO PEAK Matrix. The movement from 'Emerging players' to 'Major Contenders' is a result of the integrated advancement made significantly across market success and capability enhancement. iGATE Patni's scale now enables it to pursue larger deals and provides a platform for rapid growth," said Saurabh Gupta, Vice President, Everest Group. "As the competition intensifies in the marketplace, there is need for innovation in the go-to-market approach for FAO. iGATE Patni has created a differentiated position for itself through industry-specific solutions, technology led approach to FAO, integrated technology and operations model – iTOPS and Outcome based pricing," he added.

"We are pleased to be recognized as a 'Major Contender' in the FAO segment by a top advisory firm such as Everest Group. As a combined entity, we are taking to the market, our differentiated approach, which, now coupled with enhanced scale, enables us to service larger deals and partner with clients to efficiently manage their Finance and Accounting functions on a Business Outcomes based model. Our unique iTOPS (Integrated Technology and Operations) framework combined with technology platform and tools facilitate clients to manage their F&A operations on a variable cost model," said Sanjiv Kapur, SVP and Global Head of BPO & CIS at iGATE Patni.

The PEAK Matrix is a framework to assess the absolute market success and overall capability of service providers. Everest Group's latest FAO service provider landscape research report focuses on the service provider market success and capability assessment in 2010, relative position on Everest Group's PEAK matrix for FAO and various means of differentiation adopted by service providers amid increasing competition.

Everest Group's FAO report analyzed more than 20 service providers on the Everest Performance | Experience | Ability | Knowledge (PEAK) Matrix.

About iGATE Patni:

'iGATE Patni' is the common brand identity of two organizations - iGATE and Patni as a result of the acquisition of Patni Computer Systems Limited by iGATE Corporation. Between the two companies, the brand iGATE Patni provides full-spectrum consulting, technology, business process and product engineering outsourcing services on a Business Outcomes-based model. Armed with over three decades of IT Services experience and powered by the iTOPS (Integrated Technology and Operations) platform, iGATE Patni's multi-location global organization with a talent pool of 26000+ people, consistently delivers effective solutions to over 360 Fortune 1000 clients spanning across verticals like: banking & financial services; insurance & healthcare; life sciences; manufacturing, retail, distribution & logistics; media, entertainment leisure & travel; communication, energy & utilities; public sector; and independent software vendors. Visit: www.igatepatni.com

iGATE Corporation is listed in NASDAQ (IGTE) and Patni Computer Systems Limited in BSE (532517), NSE (PATNI) and NYSE listed (PTI).

The iGATE Patni brand logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5150

About Everest Group:

Everest Group is an advisor to business leaders on the next generation of global services with a worldwide reputation for helping Global 1000 firms dramatically improve their performance by optimizing their back- and middle-office business services. With a fact-based approach driving outcomes, Everest Group counsels organizations with complex challenges related to the use and delivery of global services in their pursuits to balance short-term needs with long-term goals. Through its practical consulting, original research, and industry resource services, Everest Group helps clients maximize value from delivery strategies, talent and sourcing models, technologies, and management approaches. Established in 1991, Everest Group serves users of global services, providers of services, country organizations, and private equity firms, in six continents across all industry categories. For more information, please visit www.everestgrp.com and www.research.everestgrp.com.

Safe Harbor:

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements.  The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, liability for damages on our service contracts, the success of the companies in which iGATE and Patni has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

CONTACT: Prabhanjan Deshpande "PD"
         Corporate Communication and Media Relations
         PD@igatepatni.com
         +91 80 4104 5006