iGate Sold Off Domestic IMS Business Before Buyout by Capgemini

New Delhi: Days before iGate's acquisition by French IT giant Capgemini, the US-based firm sold off its domestic infrastructure management services (IMS) operations to India's MindSquare Technologies for about $80,000 (about Rs 50 lakh). MindSquare Technologies is a group company of Mumbai-based 1neoteric Technology Solutions. An iGate spokesperson confirmed the deal and said "it was a less than Rs 50 lakh ($80,000) transaction". ...