iGATE News

With the firing of Phaneesh Murthy as chief executive officer, iGate has the uphill task of keeping the herd together, as well as making sure to generate enough cash to service the huge debt it had made for acquisition of Patni Computer.

In the midst of an investigation into his relationship with a subordinate employee and a claim of sexual harassment, the iGATE ( According to the company's press release, the investigation by outside legal counsel engaged by the board has found that Murthy engaged in a relationship with an employee and failed to report it to iGATE's board in ... (more)

The statement by the Fremont, California-based software company, came after an investigation into "a claim of sexual harassment'' against Murthy and marked the second time he has been embroiled in such a case, AFP reports.

The board of iGate Corp, an information technology outsourcing services provider, has sacked Chief Executive Officer Phaneesh Murthy following an investigation into a claim of sexual harassment, the company said in a statement.

Blue Harbour has primarily invested in activist situations since its founding in 2004, and recently launched a long-only fund in order to expand its investor base in that strategy.

According to IT professional and iGATE CEO Phaneesh Murthy , BYOD policies pose many challenges for businesses--but they also provide technology companies with numerous opportunities to innovate.