Tuesday, January 11, 2011

iGate buys granddad of Indian IT, Patni ..

It is finally out, $300 million iGate will bid for Patni Computer Systems , the grand dad of Indian IT in a $1.2 billion deal. A David hitting Goliath deal.

It is more of a revenge deal as Phaneesh "the other Murthy" iGate CEO, (IITM, IIMA ), is buying the same company where Infy promoters worked as a team before quitting and starting Infosys.

When I started profession in the engg college , the only companies worth the name who were somebody in the national scene were Patni and NELCO. 


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