FREMONT, Calif. and CHENNAI, India, Aug. 19, 2009 (GLOBE NEWSWIRE) -- iGATE (Nasdaq:iGTE), the Integrated Technology and Operations (iTOPS) company announced today the official inauguration of Phase 1 of its eco-friendly Global Delivery facility in Chennai.
Located in the Special Economic Zone at DLF IT Park, Manapakkam, the new facility is an extension to iGATE's existing two Global Delivery facilities in the city. Significant effort has been made to create a green workplace by designing and equipping the premises with a number of "go green" features such as extensive use of LED lighting; a state-of-the-art air conditioning system and a gas flooding fire prevention system to drastically reduce power consumption. In addition, a new generation building automation control system has been installed to regulate and optimize energy management.
"We are very passionate about reducing the carbon footprint and therefore are proud to have created a new eco-friendly environment in Chennai, which continues to play a significant role in our growth," said Phaneesh Murthy, CEO, iGATE Corporation. "The new premises consume 30 percent less energy compared with our existing facilities here."
iGATE takes its corporate responsibility towards environment conservation seriously. This also helps it to align better with many of its 'carbon neutral' global clients. The company has taken on a carbon footprint estimation study to determine the Green House Gas (GHG) inventory across all its Global Delivery facilities in India, Australia and Mexico.
About iGATE
iGATE (Nasdaq:IGTE) is the first outsourcing solutions provider to offer a business outcome based pricing model through a fully integrated technology and operations (iTOPS) structure with global service delivery. iGATE works with clients to optimize their businesses, secure substantial and sustainable year-on-year cost benefits, tie costs to business needs and results. iGATE provides IT consulting; application development and maintenance; data warehousing; business intelligence solutions; ERP/enterprise solutions; BPO/business service provisioning; infrastructure management; independent verification and validation; KPO and contact center services. The company has been assessed at CMMI Level 5, follows Six Sigma methodologies, is COBIT, ISO 9001 and ISO 27001 certified, ensuring the highest levels of quality and data security. iGATE has 34 offices in 16 countries and manages global delivery centers in Mexico, Australia, Malaysia and India. iGATE is rated as a leading employer in India. For more information, please visit www.igate.com
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Forward-Looking Statements
Some of the statements contained in this news release that are not historical facts are forward-looking statements. These forward-looking statements include the company's financial, growth and liquidity projections as well as statements concerning the company's plans, strategies, intentions and beliefs concerning business cash flows, costs and the markets in which it operates. Without limiting the foregoing, the words "believes," "anticipates," "plans," "expects" and similar expressions are intended to identify certain forward-looking statements. These statements are based on information currently available to the company and it assumes no obligation to update the forward statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from the forward-looking statements. These risks include, but are not limited to, the company's ability to predict its financial performance, the level of market demand for its services, the highly-competitive market for the types of services offered by the company, the impact of competitive factors on profit margins, market conditions that could cause the company's customers to reduce their spending for its services, the company's ability to create, acquire and build new businesses and to grow existing businesses, attract and retain qualified personnel, reduce costs and conserve cash, currency fluctuations and market conditions in India and elsewhere around the world, political and military tensions in India and South Asia, changes in generally accepted accounting principles and/or their interpretation and other risks that are described in more detail in the company's filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2008.