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News >> Technology >>
iGate ups stake in U.S. co to 60%
By agencies
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Monday, 03 July 2006, 19:30 IST
MUMBAI: IT services provider iGate Global Solutions Ltd on Monday said it has enhanced its stake holding in U.S. based Loan Pro LLC (LP) to 60 percent.
In April this year, iGate had acquired 5 percent equity stake in Horsham-based LP, the company informed the Bombay Stock Exchange today.
The investment is in line with the company's vision to become a leading integrated Technology and Operations (iTOPS) player and would enhance its presence in the mortgage space, it added.
LP is engaged in mortgage origination related services and provides services relating to lending operations in all states in U.S.
iGate Global Solutions, a subsidiary of U.S. based iGate corporation is a fully integrated technology and operations firm.