PITTSBURGH, April 7 /PRNewswire-FirstCall/ -- iGATE Corporation , a global provider of IT and BPO services, announced that it has filed its 2004 Annual Report on Form 10-K today. By virtue of filing its Form 10-K, the Company is again in compliance for continued listing on Nasdaq.

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The Company had previously announced a delay in the filing of its Form 10-K as the Company had been reviewing some of its account receivable balances and its billing and collection functions. As a result of this delay, the Company was not in compliance with Nasdaq Marketplace Rule 4310(c)(14) and received a notice on April 5, 2005 from the Nasdaq Stock Market that the Company's securities were subject to potential delisting as of April 14, 2005. The Company is again in compliance with the Nasdaq Listing Standards.

About iGATE Corporation:

iGATE Corporation is the first fully integrated technology and operations firm with a global service model. iGATE Corporation, through its offshore subsidiary iGATE Global Solutions Ltd., enables clients to optimize their business through a combination of process investment strategies, technology leverage and business process outsourcing and provisioning. Services include consulting, enterprise data management and data warehousing, business intelligence and analytics, design, development, system integration, package evaluation and implementation, re-engineering and maintenance. iGATE Corporation also offers IT Professional Services in the areas of packaged application implementation, custom development, web services and business intelligence.

The company services more than 500 clients across five continents. Clients rely on iGATE because of our high quality of service, our responsiveness and our cost-effective global reach. More information on iGATE is available at http://www.igatecorp.com/ .

Some of the statements in this news release that are not historical facts are forward-looking statements. These forward-looking statements include our financial, growth and liquidity projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business, cash flows, costs and the markets in which we operate. Without limiting the foregoing, the words "believes," "anticipates," "plans," "expects" and similar expressions are intended to identify certain forward-looking statements. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, our ability to predict our financial performance, the level of market demand for our services, the highly-competitive market for the types of services that we offer, the impact of competitive factors on profit margins, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, our ability to reduce costs and conserve cash, currency fluctuations and market conditions in India and elsewhere around the world, political and military tensions in India and South Asia, changes in generally accepted accounting principles and/or their interpretation and other risks that are described in more detail in our filings with the Securities and Exchange Commission including our Form 10-K for the year ended December 31, 2004.

CONTACT: Laureen Laby, Director, Investor Relations of iGATE
Corporation, +1-412-787-9230, or llaby@igate.com

Web site: http://www.igatecorp.com/