This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

IGATE Bags 5 Year Federal GSA Schedule Contract

Stock quotes in this article: IGTE

Also Awarded Mentor-Protégé Agreement by Federal Government

Two Critical Milestones Accomplished in iGATE's Endeavor to Become Leading Provider to Federal Government

FREMONT, Calif., Feb. 28, 2011 (GLOBE NEWSWIRE) -- Integrated Technology and Operations (iTOPS) company iGATE Corporation (Nasdaq:IGTE) has announced that it has bagged a Five Year Federal GSA Schedule IT Contract. The GSA Schedule Contract is a program whereby GSA establishes long-term, government-wide contracts with commercial firms to provide access to millions of products and services. All Federal, State and Local government agencies will have all services offered by iGATE available to them.

iGATE has also been awarded a Mentor-Protégé agreement by the Federal Government. The Mentor-Protégé agreement was awarded to iGATE, together with AITHERAS LLC, from the Department of the Treasury and the Office of Small and Disadvantaged Business Utilization (OSDBU).

Phaneesh Murthy, iGATE President and Chief Executive Officer, said, "These two contracts are important milestones in our endeavor to  become a leading technology provider to the Federal Government. Our role as a 'mentor' to AITHERAS LLC will enable us to expand our business as we reinforce our commitment to support small minority businesses that share our space."

The Mentor-Protégé Program is designed to motivate and encourage firms to assist small businesses, including HUBZone small businesses (HUBZone), small disadvantaged businesses (SDB), women-owned small businesses (WOSB), veteran​-owned small business (VOSB), and service disabled veteran-owned small businesses in enhancing their capabilities.

The program is also designed to perform Department of the Treasury contracts and subcontracts, foster the establishment of long-term business relationships between these entities and Treasury prime contractors, and increase the overall number of these entities that receive Treasury contract and subcontract awards. Treasury and OSDBU believe that the Mentor-Protégé program offers small businesses an unparalleled opportunity to accelerate their development, thereby strengthening the U.S. economy.

About iGATE

iGATE is the first Business Outcomes driven integrated Technology and Operations (iTOPS) solutions provider with a global delivery model. iGATE's unique business model aligns with the client's strategic objectives to achieve operational efficiencies, increase cost variability and rationalize their current operating environment. With industry expertise spanning decades, iGATE has developed the right solutions with its Business Outcomes driven approach for industry verticals - Banking, Insurance, Manufacturing, Retail, Health Care, Media & Entertainment and Telecom & Hi-Tech.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,804.71 -238.19 -1.40%
S&P 500 1,946.16 -26.13 -1.32%
NASDAQ 4,422.0850 -71.3050 -1.59%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs