[ + Watch Now + ]

Mobile Security Industry News

TMCNet:  Photo Release -- iGATE to Build Momentum Against the Outdated and Inefficient 'Time & Material' Model

[November 21, 2012]

Photo Release -- iGATE to Build Momentum Against the Outdated and Inefficient 'Time & Material' Model

FREMONT, Calif., Nov 21, 2012 (GlobeNewswire via COMTEX) -- iGATE (Nasdaq:IGTE), the first integrated technology and operations company providing Business Outcomes-based solutions, today announced an aggressive campaign to take on the dated-yet-prevalent 'Time & Materials' (T&M) outsourcing model used by majority of the IT Services companies globally. This multi-media and multi-million dollar campaign is targeted at mega corporations in key global markets such as North America in order to shift the outsourcing model from an 'efforts' based model to a strategic 'results' based approach.


A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/ pkgid=15893 The T&M outsourcing model, used primarily since the onset of the IT industry, comprises of billing clients based on hourly efforts provided by vendors. iGATE aims to dispel the model with its Business Outcomes proposition enabled by its proprietary iTOPS (Integrated Technology and Operations) platform.

Phaneesh Murthy, CEO, iGATE said, "The old model of IT vendors getting paid on a flawed metric of effort without any risk being shared, is dying in today's times. Corporations are now moving away from the T&M model that has curbed innovation in the IT industry." Through its campaign, iGATE will target several forms of media highlighting the need for corporations to shift to the Business Outcomes way of working with its partners.

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 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 over 27,000 employees and consistently delivers effective solutions to over 300 clients including Fortune 1000 and Global 2000 companies spanning verticals such as: banking and financial services; insurance, healthcare and life sciences; manufacturing, retail, distribution and logistics; media, entertainment, leisure and travel; communication, energy and utilities; public sector; and independent software vendors. Please visit www.igate.com for more information. iGATE Corporation is listed on the NASDAQ Global Select Market under the symbol "IGTE." The iGATE Corporation logo is available at http://www.globenewswire.com/newsroom/prs/ pkgid=5150 (Photo: http://www.primezone.com/newsroom/prs/ pkgid=) The photo is also available via AP PhotoExpress.

This news release was distributed by GlobeNewswire, www.globenewswire.com SOURCE: iGATE Corporation (Logo: http://media.primezone.com/cache/10364/int/5753.jpg) CONTACT: For further information, contact Prabhanjan Deshpande "PD" Corporate Communication and Media Relations PD@igate.com +91 80 4104 5006

[ Back To Mobile Security Homepage's Homepage ]

Follow Us

  • Mobile Security - LinkedIn
  • Mobile Security - Youtube
  • Mobile Security - Facebook
  • Mobile Security - Twitter
  • Mobile Security - RSS Feed

Request a Demo

Weekly Demonstration: SAP Mobile Secure
Solution including SAP Afaria Cloud

Free 30-day Trial

Best MDM in the cloud. Best MDM
Analytics. Best MDM price.

Featured Whitepapers

What Is Your Mobile Content Policy? A Checklist for Content Risk Mitigation
We are living in a world that only 20 years ago was the realm of science fiction. Devices once just barely imaginable have become common consumer items, carried casually in pockets and purses, with constantly growing capabilities.

SAP Enterprise Mobility: Bringing a Cohesive Approach to a Complex Market
Mobility and consumerization are creating complexity in the enterprise, but embracing the change can lead to more productive mobile workers as well as better communications with employees, partners, customers, and consumers. The trends in the enterprise mobility landscape drive a need for technology solutions to emerge.

Featured Datasheets

Securing Enterprise Mobility for Greater Competitive Advantage
We are living in a world that only 20 years ago was the realm of science fiction. Devices once just barely imaginable have become common consumer items, carried casually in pockets and purses, with constantly growing capabilities.

Secure Mobile Content Management for the Enterprise
Every day employees move business files onto their mobile devices so they can work at home, on the road, or at client sites. The mobile workforce is a reality, as 80% of employees say they need to access work documents from outside the office.1 Instead of insecure, consumer-based tools, enterprises need a safe, reliable platform for managing content on mobile devices.

Featured Webinar

Mobile Security - Mobile Drives Field Service Productivity at Satellites Unlimited

Mobile Drives Field Service Productivity at Satellites Unlimited
Field service has never been more competitive or faster changing than it is today. Going mobile is a must to stay ahead of the competition, provide improved services, and keep up with ever-increasing customer expectations.

Featured Webcast

Mobile Security - End to End Mobility Requirements: IDC and SAP explore the 3rd Platform

End to End Mobility Requirements: IDC and SAP explore the 3rd Platform
A new IDC study states that we're in the midst of a shift that takes place once every 20 - 25 years - introducing a new technology platform that will inspire growth and innovation for enterprises of all sizes. IDC calls it the 3rd Platform - built on mobile devices and apps, cloud services, mobile broadband networks, "Big Data", analytics, and social technologies.

Featured On-Demand Webinar

Mobile Security - Analyst Webcast: Secure Content Management in a Mobile Age

Analyst Webcast: Secure Content Management in a Mobile Age
Securing and managing content is taking on new importance as organizations try to cope with the explosion of business-oriented file sharing services while at the same time taking advantage of the proliferation of "smart" mobile devices.

Featured Infographics

Featured Press Releases