The Basics of iGATE



iGATE is a major IT solutions provider

iGATE (IGTE) is a global leader in providing integrated technology and operations-based information technology solutions. The company has dedicated competencies in the SAP, Oracle, PeopleSoft, and Siebel practice areas. Its services and solutions include application development, application maintenance, business intelligence and analytics, verification and validation, product verification and validation, cloud services, engineering design services, enterprise application solutions, enterprise mobility, infrastructure management services, product and engineering embedded systems, digital services, and business process outsourcing (or BPO).

iGATE’s two biggest customers are General Electric (GE) and Royal Bank of Canada. GE accounts for 16% of iGATE’s revenues, while Royal Bank of Canada accounts for 10% of revenues. iGATE offers a slew of various services. I’ll highlight the main ones below.

In terms of practice areas, iGATE covers the following areas:

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  • Banking and Financial Services – This is iGATE’s specialty, and the services include client onboarding, services and workstations for investment advisors, business process optimization, post-trade operations and monitoring, data management, risk management, and compliance.
  • Insurance – third-party administration services and Medicare Advantage administration
  • Healthcare and Life Sciences – iGATE is an expert in FDA and International medial regulatory best practices and works with improving efficiences.
  • Manufacturing
  • Retail
  • Utilities
  • Communication
  • Energy
  • Media and Entertainment
  • Business Administrative Services
  • Data Management
  • Product and Engineering Services

In information technology services, iGATE works in the following areas:

  • application development
  • application maintenance
  • business intelligence and analytics
  • verification and validation
  • cloud services
  • enterprise application
  • enterprise mobility
  • infrastructure management services
  • product and engineering embedded services
  • digital services
  • business process outsourcing

Merger arbitrage resources

Other important merger spreads include the deal between Baker Hughes (BHI) and Halliburton (HAL) and the merger between Pharmacyclics (PCYC) and AbbVie (ABBV). For a primer on risk arbitrage investing, read Merger arbitrage must-knows: A key guide for investors.

Investors interested in trading in the tech sector should look at the S&P SPDR Tech ETF (XLK).


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