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, November 6, 2013

LONDON, ISELIN, New Jersey and BANGALORE, 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

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

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).

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
cost.

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, iGATEsaid, "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
(NYSE).

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 28,000 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."

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 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.

Primary Media Contact : Prabhanjan Deshpande, Corporate Communication and
Media Relations, iGATE, pd@igate.com , 91-9741469999

Regional media contacts

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    Meagan Ostrowski
    Gutenberg Communications
    +1 (212) 810-4394
    Meagan@gutenbergpr.com



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