BRIDGEWATER, N.J.--(BUSINESS WIRE)--IGATE Corporation (IGATE or the Company) (NASDAQ: IGTE), the New Jersey-headquartered integrated technology and operations solutions provider, today announced that its CEO Ashok Vemuri has received the coveted IAIR CEO of the Year Award for the year 2014. The award felicitates outstanding business leaders who exhibit excellence and success in areas such as innovation, organizational growth, and personal commitment towards their businesses and people.
Ashok has been recognized for his expertise in global sourcing and technology-led transformation and being a pioneer in the IT services industry. Under Ashok’s leadership and guidance, IGATE has touched new heights of success and marked its presence in the market as never before. Today, IGATE is a $3.3 billion market capitalization company with a revenue of $1,268.2 million (12 months ended Dec 2014) as against to $851.6 (9 months ended Sep 2013) at the time Ashok took over its reign. Under Ashok’s leadership, the Company entered double digits in its annual revenue growth rate in the year 2014. The current stock price stands at $41.05 compared with $27.1 at the time Ashok joined the Company as its CEO. The Company won several significant accounts during the year including a business relationship with one of the leading commercial insurance companies in the US; the largest transaction in the company's history, through a competitive process involving several leading industry players.
Post joining IGATE as its CEO, Ashok restructured the Company into a vertical-based organization, providing for deeper expertise through a tighter integration of industry relevant processes and technology; along with setting up exclusive practices in Digital and Mobility. Ashok also spearheaded many new and innovative initiatives since his joining and IGATE received many accolades during this period including a ranking in Fortune’s list of 100 Fastest-Growing Companies in the U.S. – the only IT services company to be featured on the list.
“I am absolutely elated to receive this award; it is a great feeling to know that the industry recognizes our collective accomplishments and has presented me with this esteemed award,” said Ashok Vemuri, President and CEO at IGATE. “It’s such an honor to be renowned as top leaders by one of the most prestigious business award programs globally,” he added.
The IAIR® Global Awards were held in Hong Kong on March 10, 2015, where Ashok was handed over a crystal winner’s trophy. The event with around 300 attendees witnessed a stellar attendee profile from across Asia and some of the biggest industrialists, policy decision makers, opinion leaders and key decision makers from international industry and investment authorities.
The IAIR Awards is one of the world's leading rankings and prizes for excellence in global economy and sustainability. It is made up of the scientific committee of IAIR® and IAIREVIEW.org, along with a team of dedicated legal, economic and financial journalists in over 120 countries worldwide.
IGATE is a global leader in providing integrated technology and operations-based solutions, headquartered in Bridgewater, New Jersey. As a trusted partner to corporations in North America, Europe and Asia Pacific, IGATE provides solutions to clients’ business challenges by leveraging its technology and process capabilities, underwritten by an understanding of domain and industry imperatives. With revenues over US$ 1.2 billion, and a global employee talent capital of over 34,000, IGATE offers productized applications and platforms that provide the necessary competitive and innovation edge to clients across industries, through a combination of speed, agility and imagination. IGATE is listed on NASDAQ under the symbol IGTE.