Phaneesh Murthy is a driven business leader who is noted for transforming a recognized IT services company known as iGATE. In 2003, Murthy was able to take iGATE and progress it into a full-spectrum IT services provider. Today, under Murthy’s leadership as Chief Executive Officer, the company has achieved a global reach with more than 300 active international clients.
Accomplishments as iGATE CEO
To truly understand the commitment and visionary leadership that Murthy has brought to iGATE, it is important to look at the highlights of his career as a whole. Here are a few reasons why Murthy is called a “game changer” within the IT industry:
- In the 1990s, he was responsible for shifting the industry from a staffing-based onsite-heavy delivery model to one that progressed under the offshore-operated model that helps cut costs, improve performance and deliver results faster.
- In order to achieve better value realization, Murthy is noted for redefining the 10-year contract model for IT projects and shortening them to three and five year contracts.
- By introducing the iTOPS delivery model, Murthy was able to unite business technology and operations solutions for clients, and achieve efficient performance through outsourcing services.
- With a desire to transition pricing within the IT industry, Murthy was inspired to introduce the “Business Outcomes” pricing model, which allowed clients and IT providers to determine costs through results, rather than through the traditional dollar-per-hour model.
- Passionate about creating stronger and more efficient economies, Murthy developed iGATE to encourage greater job creation. Today, the organization employs more than 27,000 employs.
- While Murthy has remained focused on the advancements in technology that impact business operations, he has also formed a strong commitment to protecting the environment. As such, he has developed and implemented solutions to lower the overall carbon footprint of iGATE.
Serving a Variety of Industries
Through his work, Phaneesh Murthy remains focused on improving business outcomes and implementing new strategies and methodologies to improve performance for clients across several different industries. With end-to-end IT development, consulting and implementation solutions, iGATE has had the ability to successfully serve the needs of numerous customers—including many who are listed as Fortune 1000 companies. Here are some of the industries that iGATE has helped improve through its innovative IT solutions:
- Banking and Financial Industries
The economic meltdown experienced in 2008 has led to many unique solutions in business technology, especially when it comes to addressing the continuing credit concerns in United States and within Europe. With such economic uncertainty becoming the norm across the globe, businesses within the banking and financial sectors must deliver powerful solutions to ensure regulatory compliance and transparency, while simultaneously improving risk management. While these providers must continue to focus on optimizing customer service, they must also adapt to lower costs—goals that iGATE can help achieve. Using its unique iTOPS model, iGATE professionals can offer end-to-end IT services that maximize value and quality of results, while reducing cost concerns for the client.
- Life Sciences Industry
As technology continues to make steadfast advancements, science also continues to improve, making this sector incredibly important. However, according to Phaneesh Murthy, this growth can introduce a lot of challenges on the business end, including regulatory pressures, patent expiration, organizational restructuring and budget cuts. The dedicated staff at iGATE employs its unique IT services to unify technology and life sciences to change the way that companies within this market perform. Depending on the specific needs of the client, iGATE has many solutions that can help transform businesses to become more cost-efficient, organized and productive. Some of these solutions include business transformation services, an innovative “Research Accelerator,” pharmacovigilance solutions, computer systems validation, product engineering and life sciences analytics.
- Media and Entertainment
Throughout history, the transformation of the entertainment industry has relied on new developments in technology. As the world becomes more connected through the digital era, the media and entertainment field becomes more complex and hard for businesses to navigate. iGATE focuses on emerging issues that are proving to impact entertainment, such as infotainment delivery channels, customer service, revenue transparency, as well as many others. Through its comprehensive IT services, iGATE can transform the production planning, digital rights management, workplace, digital asset management, traffic, sales and digital commerce procedures that clients need to succeed in today’s market.
Phaneesh Murthy Generates Praise Through iGATE Services
As the proud CEO of iGATE Phaneesh Murthy remains focused on optimizing business performance, as well as creating new and improved solutions, but most of all, he and his team are committed to customer satisfaction. Having successfully grown to serve clients across many industries, Murthy and the iGATE team have received positive testimonials, such as:
“We chose iGATE because of its clear commitment to our partnership and because of its proven technical expertise. This will allow us to offer a choice of delivery models, to introduce new services far more quickly, and to scale our delivery rapidly to meet the requirements of our Cloud-services customers.”
- Neil A., UK MD at 2e2
“iGATE has displayed great flexibility and dexterity transcending cultural and language challenges, in taking over disparate business systems across our operations. Their strong Insurance Industry knowledge coupled with a sound technology leadership has emerged as a clear differentiating factor.”
- Senior Vice President at a Major Insurance Provider
“iGATE is clearly part of a new generation of companies that will fundamentally change the global competitive landscape, and who are expected to emerge as global industry leaders within the next five to 10 years. I am confident that iGATE will provide and obtain valuable insight on how to address the challenges of hyper-growth.”
- Peter T., Managing Director and Member of the Board at the World Economic Forum
“iGATE’s flexibility, expert knowledge of the insurance domain, and shared vision of an integrated IT and BPO paradigm enabled Universal American Financial Corp. to build a scalable platform to meet our current needs and take advantage of future opportunities.”
-Frederick W. R., Chief Information Officer at Universal American Financial Corp.
Creating Solutions for the Future
While many iGATE clients have become incredibly satisfied with the IT solutions this company offers, Phaneesh Murthy continues to lead as CEO to inspire new innovations for business outcomes. Following the unique iTOPS model, iGATE continues to bring on valuable and important clients that create positive change in many different industries. Through the visions of Phaneesh Murthy, iGATE is able to inspire a transformation of the global economy and develop important solutions for the future.
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