iGate removes Patni from brand name

iGate Corporation on Monday announced its new brand name as 'iGate'. The name 'Patni' representing Patni Computer Systems Ltd , a majority owned subsidiary, has been removed from its brand identity.

Unveiling the brand, Phaneesh Murthy, CEO, iGate said: "I have always articulated that Patni being a family name, is difficult to protect in several of our markets. This brand change is in line with our vision of 'one company' that will follow the successful delisting offer process of Patni with the Indian stock exchanges."

"With a revenue run rate of over a billion dollars and over 27,000 employees, the new iGate symbolises a young and vibrant brand representing the merits of a fully integrated entity. Equipped with an innovative mindset of a game-changer, iGate will engage with global customers to deliver high-impact outcomes through our proprietary iTOPS framework", he said in a statement.