BANGALORE, India, Oct. 18, 2012 (GLOBE NEWSWIRE) -- iGATE (Nasdaq:IGTE), the first integrated Technology and Operations Company providing Business Outcomes-based solutions, today announced it won the prestigious Golden Peacock Innovation Management Award for the year 2012 under the 'Information Technology' category.
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The award, established by the Institute of Directors, is regarded worldwide as one of the most esteemed recognitions for Organizational Innovation. It aims to discover and recognize the best-in-class capabilities of enterprises that build and leverage technological innovations, human capital and entrepreneurship for superlative customer value.
The selection process for the coveted award is carried through the nominations and rigorous assessments by the panel of juries consisting of eminent personalities from various fields under the Chairmanship of Justice P. N. Bhagwati, former Chief Justice of India and Member, UN Human Rights Commission. Organizations are divided according to their annual turnover into Large, Medium or Small enterprises and compete separately for different industrial sectors under 'Manufacturing' or 'Service' categories.
Manoj K Raut, CEO & Director, Institute of Directors said, "iGATE inculcates and empowers new ideas and thoughts amongst its workforce which cascades to benefit its customers as well. We congratulate iGATE for driving highest standards of innovation, leadership and being considered as the winner of Golden Peacock Innovation Management Award for the year 2012."
Accepting the award, Anil Bajpai, Senior Vice President and Head of Innovation, iGATE said, "We are delighted and honored to be presented with this coveted award. At iGATE, it is our constant endeavor to foster an environment and ecosystem where innovation thrives. This award is a testimony towards our goal of ideating, conceptualizing and executing innovation on a consistent basis for our customers and encouraging the same in our workforce."
The award ceremony was held during the London Global Convention on October 12, 2012 at Lord's Ground, Marylebone Cricket Club, London, UK. The awards were presented by The Rt Hon Dominic Grieve QC, MP, Attorney General for England and Wales along with The Rt. Hon. Baroness Verma, Parliamentary Under Secretary of State for Energy, Climate Change, UK in the presence of distinguished gathering of business leaders, jurists, academics, parliamentarians, economists, legislators and policy makers.
The Golden Peacock Awards were instituted in 1992 and are today regarded as the Holy Grail of Corporate Excellence worldwide.
About Business Outcomes
iGATE's industry-first Business Outcomes-based approach focuses on the realization of tangible and measurable results, unlike traditional models which are driven by work, effort, time and manpower. By integrating technology and processes in a proprietary way and pricing services on results, iGATE exchanges fixed costs for a variable cost structure in an attempt to get clients to 'pay for results only' while enabling them to adjust to the peaks and valleys of their demand.
iGATE Corporation is the first integrated technology and operations (iTOPS) company providing full-spectrum consulting, technology and business process outsourcing, and product and engineering solutions on a Business Outcomes-based model. Armed with over three decades of IT Services experience and powered by the iTOPS platform, iGATE's multi-location global organization has a talent pool of over 27,000 employees and consistently delivers effective solutions to over 300 clients including Fortune 1000 and Global 2000 companies spanning verticals such as: banking and financial services; insurance, healthcare and life sciences; manufacturing, retail, distribution and logistics; media, entertainment, leisure and travel; communication, energy and utilities; public sector; and independent software vendors. Please visit www.igate.com for more information.
iGATE Corporation is listed on the NASDAQ Global Select Market under the symbol "IGTE."
The iGATE Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5150
The photo is also available via AP PhotoExpress.
CONTACT: Prabhanjan Deshpande "PD" Corporate Communication and Media Relations PD@igate.com +91 80 4104 5006
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