iGate Patni bags $30 mn IT deal from US firm Weyerhaeuser NR

Information technology firm iGate Patni on Monday said it has bagged a contract worth $30 million (nearly Rs 133 crore) from US-based Weyerhaeuser NR to provide and manage IT infrastructure service operations.

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iGate will help Weyerhaeuser to manage its services and operations in order to reduce costs, the company said in a filing to the Bombay Stock Exchange.

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Weyerhaeuser NR has selected iGate Patni for two years in a row as its IT supplier, the filing added. The company provides a wide range of IT services to Weyerhaeuser NR, including infrastructure managed services, application development and support services.

Weyerhaeuser operates in 10 countries and employs 14,900 people, primarily in the US and Canada.

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Shares of iGate Patni were being quoted at Rs 342.05 in early trade on BSE, up 1.15 per cent from their previous close.