iGate wins $100-mn infrastructure services contract from MetLife
26 June 2013
Nasdaq-listed iGate Corp has won a five-year contract worth more than $100 million from the US-based insurer, MetLife, to provide IT infrastructure services.
MetLife, which serves about 90 million customers globally, is a global provider of insurance, annuities and employee benefit programmes.
This deal deepens iGate's relationship with MetLife, further increasing its level of engagement to include complex and mission critical services.
iGate participated in a competitive bid to assist MetLife in managing its IT systems towards greater efficiency and flexibility, and to drive lower costs and increase business agility. The bid was awarded to iGate on its quality and creativity of the solution.
''Through this contract, we will enable MetLife to transform its service delivery framework from a resource and capacity based model to a scope and service level based one. With our operating model design and a predictable cost model, we will significantly increase our accountability in the engagement; accelerate multi-skilling, effort rationalisation and process harmonization, thereby creating the foundation for an optimized pay for performance construct," said Ganesh Iyer, senior vice president, insurance, iGATE.
iGate, the California-based company had recently sacked its chief executive officer Phaneesh Murthy for improper sexual conduct.