IGATE CEO Ashok Vemuri Honoured with “IAIR CEO of the Year Award - 2014”
March 12 2015 - 4:15AM
Business Wire
IGATE Corporation (IGATE or the Company) (NASDAQ: IGTE), the New
Jersey-headquartered integrated technology and operations solutions
provider, today announced that its CEO Ashok Vemuri has received
the coveted IAIR CEO of the Year Award for the year 2014. The award
felicitates outstanding business leaders who exhibit excellence and
success in areas such as innovation, organizational growth, and
personal commitment towards their businesses and people.
Mr. Ashok Vemuri, President and CEO,
IGATE Corporation, accepting the winner's trophy at IAIR Awards -
2014 (Photo: Business Wire)
Ashok has been recognized for his expertise in global sourcing
and technology-led transformation and being a pioneer in the IT
services industry. Under Ashok’s leadership and guidance, IGATE has
touched new heights of success and marked its presence in the
market as never before. Today, IGATE is a $3.3 billion market
capitalization company with a revenue of $1,268.2 million (12
months ended Dec 2014) as against to $851.6 (9 months ended Sep
2013) at the time Ashok took over its reign. Under Ashok’s
leadership, the Company entered double digits in its annual revenue
growth rate in the year 2014. The current stock price stands at
$41.05 compared with $27.1 at the time Ashok joined the Company as
its CEO. The Company won several significant accounts during the
year including a business relationship with one of the leading
commercial insurance companies in the US; the largest transaction
in the company's history, through a competitive process involving
several leading industry players.
Post joining IGATE as its CEO, Ashok restructured the Company
into a vertical-based organization, providing for deeper expertise
through a tighter integration of industry relevant processes and
technology; along with setting up exclusive practices in Digital
and Mobility. Ashok also spearheaded many new and innovative
initiatives since his joining and IGATE received many accolades
during this period including a ranking in Fortune’s list of 100
Fastest-Growing Companies in the U.S. – the only IT services
company to be featured on the list.
“I am absolutely elated to receive this award; it is a great
feeling to know that the industry recognizes our collective
accomplishments and has presented me with this esteemed award,”
said Ashok Vemuri, President and CEO at IGATE. “It’s such an
honor to be renowned as top leaders by one of the most prestigious
business award programs globally,” he added.
The IAIR® Global Awards were held in Hong Kong on March 10,
2015, where Ashok was handed over a crystal winner’s trophy. The
event with around 300 attendees witnessed a stellar attendee
profile from across Asia and some of the biggest industrialists,
policy decision makers, opinion leaders and key decision makers
from international industry and investment authorities.
About IAIR
The IAIR Awards is one of the world's leading rankings and
prizes for excellence in global economy and sustainability. It is
made up of the scientific committee of IAIR® and IAIREVIEW.org,
along with a team of dedicated legal, economic and financial
journalists in over 120 countries worldwide.
About IGATE
IGATE is a global leader in providing integrated technology and
operations-based solutions, headquartered in Bridgewater, New
Jersey. As a trusted partner to corporations in North America,
Europe and Asia Pacific, IGATE provides solutions to clients’
business challenges by leveraging its technology and process
capabilities, underwritten by an understanding of domain and
industry imperatives. With revenues over US$ 1.2 billion, and a
global employee talent capital of over 34,000, IGATE offers
productized applications and platforms that provide the necessary
competitive and innovation edge to clients across industries,
through a combination of speed, agility and imagination. IGATE is
listed on NASDAQ under the symbol IGTE.
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http://www.businesswire.com/multimedia/home/20150312005258/en/
IGATE CorporationPallavi Choudhury, +91 95 3850
1740Pallavi.Choudhury@IGATE.com
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