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iGATE Wins a $100 Million Global Infrastructure Services Contract From MetLife



iGATE Wins a $100 Million Global Infrastructure Services Contract From MetLife

  * This multi-million dollar deal further strengthens iGATE's 10-year long
    partnership with MetLife
  * Five-year Managed Services contract reiterates iGATE's global leadership
    in the Insurance space

FREMONT, Calif., June 25, 2013 (GLOBE NEWSWIRE) -- iGATE Corporation
(Nasdaq:IGTE), the first Business Outcomes driven integrated Technology and
Operations (iTOPS) solutions provider, today announced a new five-year
contract valued at over $100 million for providing global infrastructure
services for MetLife, Inc., a leading global provider of insurance, annuities
and employee benefit programs, serving 90 million customers.

Celebrating the completion of 10 years of partnership in providing services
globally to MetLife across North America, EMEA and Asia-Pacific, this
additional deal deepens iGATE's relationship with MetLife, further increasing
its level of engagement to include complex and mission critical services. Post
the ALICO acquisition, MetLife has been executing on its strategy to simplify
operations to realize the benefits of its global footprint and be better
positioned to meet customer needs, reduce operating costs and operate as a
truly global company. iGATE participated in a competitive bid to assist
MetLife in building out an Innovative Infrastructure model to manage its IT
systems towards greater efficiency and flexibility, in order to drive lower
costs and increase business agility. The bid was awarded to iGATE on its
quality and creativity of the solution, as well as innovative commercial
structuring based on the industry leading ITIL based Infrastructure support
model.

Jim O'Donnell, Senior Vice President, Enterprise Infrastructure & Architecture
(CTO) MetLife, Inc. said, "We are delighted to further strengthen our 10-year
association with iGATE. With iGATE's support in technology and operations,
MetLife is committed to provide a best-in-class customer experience whilst we
continue to drive efficiency, eliminate redundancies that add cost and
complexity & improve our understanding of customers. The year-on-year
productivity and quality improvement parameters were clearly visible through
the Managed Services program it provides."

Commenting on this engagement and the MetLife relationship, Sanjay Tugnait,
EVP, Head of Sales - North America and Global Head of Alliances, iGATE, said,
"This win is a strong validation of iGATE's domain and technology expertise in
the insurance industry. Our 10-year long relationship with MetLife has given
us deep understanding of the company's global businesses and will enable us to
achieve definitive business imperatives for them in terms of both cost
rationalization and high levels of service delivery. We remain committed to
our long standing partnership with MetLife and will work to further strengthen
their service offering and customer experience driven by our proven
outcomes-based model."

The solution cuts across a portfolio comprising of Data Services Engineering
and Implementation, Middleware Support and Implementation, Infrastructure
Application Development Services, Enterprise Networking and Messaging,
Infrastructure Project Management and Infrastructure utility services. iGATE's
solutions will also be differentiated by its flexible technology stack to
enable SLA measurement.

"Through this contract, we will enable MetLife to transform its service
delivery framework from a resource and capacity based model to a scope and
service level based one. With our operating model design and a predictable
cost model, we will significantly increase our accountability in the
engagement; accelerate multi-skilling, effort rationalization and process
harmonization, thereby creating the foundation for an optimized pay for
performance construct," further added Ganesh Iyer, Senior Vice President,
Insurance, iGATE.

About MetLife, Inc.

MetLife, Inc. is a leading global provider of insurance, annuities and
employee benefit programs, serving 90 million customers. Through its
subsidiaries and affiliates, MetLife holds leading market positions in the
United States, Japan, Latin America, Asia, Europe and the Middle East. For
more information, visit www.metlife.com.

About iGATE

iGATE Corporation is the first integrated technology and operations (iTOPS)
company providing full-spectrum consulting, technology and business process
outsourcing, and product and engineering solutions on a Business
Outcomes-based model. Armed with over three decades of IT Services experience
and powered by the iTOPS platform, iGATE's multi-location global organization
has a talent pool of more than 28,500 employees and consistently delivers
effective solutions to over 300 companies including Fortune 1000 clients
spanning verticals such as: banking and financial services; insurance and
healthcare; life sciences; manufacturing, retail, distribution and logistics;
media, entertainment, leisure and travel; energy and utilities; public sector;
and independent software vendors. Please visit www.igate.com for more
information.

iGATE Corporation is listed on NASDAQ under the symbol "IGTE."

The iGATE Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5150

About Business Outcomes

iGATE's industry-first Business Outcomes-based approach focuses on the
realization of tangible and measurable results, unlike traditional models
which are driven by work, effort, time and manpower. By integrating technology
and processes in a proprietary way and pricing services on results, iGATE
exchanges fixed costs for a variable cost structure in an attempt to get
clients to 'pay for results only' while enabling them to adjust to the peaks
and valleys of their demand.

Forward-Looking Statements

Statements contained in this press release regarding the business outlook, the
demand for the products and services, and all other statements in this release
other than recitation of historical facts are forward-looking statements.
Words such as "expect", "potential", "believes", "anticipates", "plans",
"intends" and other similar expressions are intended to identify such
forward-looking statements. Forward-looking statements in the press release
include, without limitation, forecasts of market growth, future revenues,
future expectations concerning growth of business, cost competitiveness and
expansion of global reach following the acquisition, and other matters that
involve known and unknown risks, uncertainties and other factors that may
cause results, levels of activity, performance or achievements to differ
materially from results expressed or implied by this press release. Such risk
factors include, among others: difficulties encountered in integrating
business; whether certain market segments grow as anticipated; the competitive
environment in the information technology services industry and competitive
responses to the Company's acquisition of iGATE Computer; and whether iGATE
can successfully provide services/products and the degree to which these gain
market acceptance. Furthermore, in connection with the iGATE Computer
acquisition, the Company has borrowed significant amounts, including through
the issuance of high yield notes, and will need to use a significant portion
of its cash flows to service such indebtedness, as a result of which the
Company might not have sufficient funds to operate its businesses in the
manner it intends or has operated in the past. Additional risks relating to
the Company are set forth in the Company's Annual Report on Form 10-K for the
fiscal year ended December 31, 2012, as well as the Company's other reports
filed with the Securities and Exchange Commission. Actual results may differ
materially from those contained in the forward-looking statements in this
press release. Any forward-looking statements are based on information
currently available to the Company and it assumes no obligation to update
these statements as circumstances change. This document does not constitute an
offer to purchase or to sell securities in any jurisdiction.

CONTACT: Media Contacts
        
         Prabhanjan Deshpande "PD"
         Corporate Communication and Media Relations, iGATE
         +91 80 4104 5006
         PD@iGATE.com
        
         Regional media contacts

         India

         Shoma Ghosh
         Adfactors PR
         +91 9820091196
         shoma.ghosh@adfactorspr.com
        
         Amrita Panja
         Adfactors PR
         +91 9920081123
         amrita.panja@adfactorspr.com
        
         North America

         Anu Kher
         Gutenberg Communications
         +1 (646) 775-6301
         Anu@gutenbergpr.com
        
        
         Meagan Ostrowski
         Gutenberg Communications
         +1 (212) 810-4394
         Meagan@gutenbergpr.com
        
         Europe
        
         Radha Ahlstrom-Vij
         Gutenberg Communications
         44-75-8424-1132
         Radha@gutenbergpr.com

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