iGATE Secures Largest Outcomes-Based Contract with UBS for a Managed Data Service Powered by Markit Enterprise Data Management

  iGATE Secures Largest Outcomes-Based Contract with UBS for a Managed Data
             Service Powered by Markit Enterprise Data Management

  PR Newswire

  LONDON, ISELIN, New Jersey and BANGALORE, India, November 6, 2013

LONDON, ISELIN, New Jersey and BANGALORE, India, November 6, 2013 /PRNewswire/

In a significant multi-year contract ,  iGATE - powered by Markit Enterprise
Data Management - will provide financial instrument data services globally for
                      the global financial services firm

iGATE Corporation (NASDAQ: IGTE), the first Integrated Technology and
Operations (iTOPS) company providing Business Outcomes-based solutions,
announced today that it has secured a major contract with global financial
services firm UBS AG (UBSN: SIX Swiss Ex).

 (Logo: http://photos.prnewswire.com/prnh/20130717/629294 )

UBS currently has a landscape with multiple technology systems and operations
across multiple vendors supporting instrument reference data management. Under
the terms of the contract, UBS will migrate towards a globally managed service
for instrument reference data mastering across all asset classes, operated by
iGATE. iGATE will consolidate multiple technology systems onto the Markit
Enterprise Data Management platform and transform the operations using its
iTOPS framework. This strategic initiative has significant benefits for UBS
including improved standardisation, reduced risk, operational complexity and

iGATE has partnered with Markit to drive standardization in the industry by
providing a similar managed service to other institutions.

Adrian Boyd ,  Managing Director ,  UBS said , "As part of our
industrialization efforts, we are simplifying our processes to increase
effectiveness and reduce operational risk and cost. Moving towards a managed
service model for the supply of financial instrument data is a good example of
Industrialization in action at UBS. Following a robust selection process, we
decided that iGATE was the best partner with which to deliver the instrument
data services that our businesses will need for the future."

Derek Kemp ,  Executive Vice President and Head of EMEA region ,  iGATE
said , ''The deal with UBS marks a significant milestone for iGATE's Business
Outcomes model and furthers our aim of shifting the industry from an
effort-based business model to an outcomes-driven one. This is a landmark
initiative in financial services with an increasing number of financial
institutions seeking to consolidate and standardise their instrument data
operations and IT across various business units. We are proud to be selected
to support UBS in this area of business and are already seeing strong interest
from other leading financial institutions in our combined proposition with
Markit Enterprise Data Management."

Daniel Simpson ,  Managing Director and Head of Enterprise Software at Markit
,  said , "By creating a central shared service for UBS' instrument reference
data, Markit and iGATE are enabling UBS to streamline data management and
improve data quality while reducing costs. Initiatives of this type have the
potential to transform the data management landscape.

About UBS

UBS draws on its 150-year heritage to serve private, institutional and
corporate clients worldwide, as well as retail clients in Switzerland. Its
business strategy is centered on its preeminent global wealth management
businesses and its universal bank in Switzerland. Together with a
client-focused Investment Bank and a strong, well-diversified Global Asset
Management business, UBS will drive further growth and expand its premier
wealth management franchise.

UBS is present in all major financial centers worldwide. It has offices in
over 50 countries, with about 35% of its employees working in the Americas,
36% in Switzerland, 17% in the rest of Europe, the Middle East and Africa and
12% in Asia Pacific. UBS employs about 62,000 people around the world. Its
shares are listed on the SIX Swiss Exchange and the New York Stock Exchange

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 28,0 00 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 http://www.iGATE.com for more

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

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.

About Markit

Markit is a leading, global financial information services company with over
3,000 employees. The company provides independent data, enterprise solutions
and trade processing across all asset classes in order to enhance
transparency, reduce risk and improve operational efficiency. Its client base
includes the most significant institutional participants in the financial
marketplace. For more information, please see http://www.markit.com .

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.

For further information ,  contact Prabhanjan Deshpande " PD " Corporate
Communication and Media Relations, iGATE PD@iGATE.com +91-80-4104-5006
Regional media contacts 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
Press spacebar to pause and continue. Press esc to stop.