What happened to Patni Computer Systems?
In 1977, Patni appointed NR Narayana Murthy to head the software division, who eventually left Patni Computers in 1980 along with six colleagues and went on to found Infosys. In 1999, Patni Computer Systems was restructured as a “pure software operation” It became a “separate entity from PCS Industries Limited”.
Who took Patni Computer?
iGATE Corporation
iGATE Corporation announced that it has acquired 63 per cent stake in Patni Computer Systems Ltd, in a transaction valued at around $1.22 billion, including the mandatory 20 per cent open offer to Patni’s public shareholders.
What happened Patni?
And with it will also go out a name that spawned a software revolution in India at the end of a somewhat unsung story. iGATE , a much smaller peer of Patni Computer that acquired it in January 2011 for $1.22 billion has decided to drop the brand Patni – named after the founding family —from the combined entity.
Who is Patni group?
Patni Group is the majority partner in the JV and Vinod Kumar is the CEO of the JV, the spokesperson said. Frontizo has been created out of another entity, Capricorn Business and Trade Services that was established in 2012.
When did iGate acquired Patni?
2011
In 2011, IGATE acquired Patni Computer Systems, which was three times its size at the time.
When did Capgemini take over iGate?
On April 27, 2015 French IT services group Capgemini unveiled a deal to acquire IGATE for $4 billion….IGATE.
| Type | Public |
|---|---|
| Defunct | 2015 |
| Fate | Acquired by Capgemini |
| Headquarters | Bridgewater, New Jersey, U.S. |
| Area served | North America, Europe, Japan & Australia |
Who is the founder of iGate Patni?
Sunil Wadhwani
Ashok Trivedi
IGATE/Founders
Who are Patni by caste?
Patni as a surname is pronounced as “PAATNI”, it is a sub-caste in Jains. Patni, Tuwar, Khindukan, etc. are also considered Patni. Few of the Patni’s are also referred to as “Khindukan” after the great man Khindu Rav Ji.
Is Igate and Capgemini same?
Capgemini is acquiring iGate for $4 billion, which makes it the largest merger and acquisition of any IT company founded by Indians. Globally, this will be the largest acquisition of any IT Services based company.
Is Altran a Capgemini brand?
Altran is now Capgemini Engineering, a new brand launched by Capgemini to support organizations as the digital and physical worlds converge.
Are Patni Jains?
Patni (surname), a Digambara Jain family name from India.
Where is the head office of Patni Computer Systems?
Patni Computer Systems Ltd Head Office is located in Maharashtra Mumbai is a top player in the Information Technology (Software Services) in the Mumbai Over the course of its journey, this business has established a firm foothold in Information Technology (Software Services) industry.
What was the last price of Patni Computer?
Patni Computer Systems Ltd. share price moved down by -0.07 % from its previous close of Rs 516.00. Patni Computer Systems Ltd. stock last traded price is 515.75 DATA SOURCES: TickerPlant (for live BSE/NSE quotes service) and Dion Global Solutions Ltd. (for corporate data, historical price & volume, F&O data).
What are the quality parameters of Patni Computer Systems?
Accredited with the introduction of offshore development centers in India, the quality parameters of Patni Computers are focused on productivity and product delivery at just the right time. The company works towards optimizing customer investment with the use of technology, productivity and cost effective methodology.