Mascot Systems Expands U.S. Presence With Two New Offices

New Finance, Banking and Insurance Practice to Leverage Existing

Relationships and Develop Greater Opportunities in the Sector



Apr 04, 2001, 01:00 ET from iGATE Capital Corp. from ,Mascot Systems

    PITTSBURGH, April 4 /PRNewswire/ -- Mascot Systems, a global IT services
 company, has initiated a strategic expansion plan of its U.S. operations with
 the launch of new offices in San Francisco and New Jersey to rapidly increase
 its geographic coverage of the U.S. IT market, while enhancing existing
 customer relationships and developing vertical domain expertise.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20010110/IGTELOGO )
     This step represents a part of Mascot's global initiative to optimize
 business opportunities and establish competencies to expand existing customer
 presence as well as gain strong inroads into new client accounts.
 Specifically, this includes:
     -- Expansion of its sales and marketing infrastructure in the U.S. with
        the opening of offices in San Francisco and New Jersey -- gaining
        physical presence in regions that provide strong growth opportunities.
 
     -- Creation of a Finance, Banking and Insurance practice, a vertical in
        which the company has a significant customer base, with the objective
        of building sustainable and scalable client relationships in an
        industry that represents the largest IT spending globally.
 
     -- Focus on developing Global Accounts -- expanding lateral customer
        presence by developing worldwide relationships with leading
        international corporations and leveraging existing relationships.
 
     Mascot Systems' Chief Executive Officer V. Chandrasekaran said, "With this
 initiative in the U.S., we aim to consolidate our physical presence to explore
 further opportunities in this market.  The additional emphasis on developing
 global client relationships and focus on the finance vertical is in line with
 our strategy of diversifying geographical revenue contribution while deepening
 engagement levels in the areas of proven competence."
     Lisa Frankovitch, who previously headed Mascot's U.S. operations, will
 head Mascot's Finance, Banking and Insurance vertical practice and lead the
 Global Accounts Development initiative.  The practice will target global
 client acquisition.
     A team of domain experts will provide further insight to Mascot's existing
 industry knowledge base.  Globally, the financial services sector represents
 the largest portion of IT spending.  Mascot has a significant foothold in this
 sector with its deep customer relationships with GE Capital, Employers
 Reinsurance Corporation, Deutsche Bank, Deutsche Securities, Dresdner Bank,
 Bank of America, Berkshire Life Insurance, Merrill Lynch, DGD Bank and First
 North American National Bank, among others.
     Mascot also will focus on building new global relationships with existing
 and new clients whose operations cross many verticals and span the globe. The
 company already has developed deep global relationships with large
 corporations such as GE, Hewlett Packard, Agilent and Dresdner Bank.
     Mascot's U.S. operation is being organized into three regions that will be
 serviced from offices located in Pittsburgh, San Francisco and Piscataway,
 N.J.  These regional offices will be led by senior members of Mascot's
 existing worldwide marketing team, who will focus on enhancing existing
 customer relationships as well as new business development within their
 respective regions.
 
     About Mascot Systems:
     Mascot Systems is a global eServices company that originated in the United
 States in 1993. Offering its unique distributed delivery model through its
 comprehensive understanding of the U.S. market and Global Development Centers
 in India, Mascot provides custom IT solutions and tailored relationships that
 ease customers' transition to eBusiness and offshore outsourcing.  Mascot's
 proprietary SmartAPPS Workstation, empowers clients through tools, artifacts
 and methodologies to maintain hands-on access and management to their offshore
 projects assuring complete client control and transparency. Mascot delivers a
 wide range of eBusiness, business intelligence, application maintenance
 outsourcing, application reengineering and custom solutions.  Mascot Systems
 is one of five GE Global Preferred Partners as well as provides solutions for
 Hewlett Packard, Dresdner Bank and Circuit City. With over 1500 employees and
 9 offices world wide, Mascot Systems is part of the
 iGATE Capital (Nasdaq:   IGTE), network of eServices companies.
 
     Some of the statements in this news release that are not historical facts
 are forward-looking statements.  These forward-looking statements include
 iGATE's financial and growth projections as well as statements concerning its
 plans, strategies, intentions and beliefs concerning the business and the
 markets in which it operates.  These statements are based on information
 currently available to iGATE, and the company assumes 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, the level of market
 demand for iGATE's services, the highly-competitive market for the types of
 services that it offers, market conditions that could cause its customers to
 reduce its spending for its services, its ability to create, acquire and build
 new businesses and to grow its existing businesses, its ability to attract and
 retain qualified personnel, currency fluctuations and market conditions in
 India and elsewhere around the world, and other risks that are described in
 more detail in our filings with the Securities and Exchange Commission.
 
 

SOURCE iGATE Capital Corp.; Mascot Systems
    PITTSBURGH, April 4 /PRNewswire/ -- Mascot Systems, a global IT services
 company, has initiated a strategic expansion plan of its U.S. operations with
 the launch of new offices in San Francisco and New Jersey to rapidly increase
 its geographic coverage of the U.S. IT market, while enhancing existing
 customer relationships and developing vertical domain expertise.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20010110/IGTELOGO )
     This step represents a part of Mascot's global initiative to optimize
 business opportunities and establish competencies to expand existing customer
 presence as well as gain strong inroads into new client accounts.
 Specifically, this includes:
     -- Expansion of its sales and marketing infrastructure in the U.S. with
        the opening of offices in San Francisco and New Jersey -- gaining
        physical presence in regions that provide strong growth opportunities.
 
     -- Creation of a Finance, Banking and Insurance practice, a vertical in
        which the company has a significant customer base, with the objective
        of building sustainable and scalable client relationships in an
        industry that represents the largest IT spending globally.
 
     -- Focus on developing Global Accounts -- expanding lateral customer
        presence by developing worldwide relationships with leading
        international corporations and leveraging existing relationships.
 
     Mascot Systems' Chief Executive Officer V. Chandrasekaran said, "With this
 initiative in the U.S., we aim to consolidate our physical presence to explore
 further opportunities in this market.  The additional emphasis on developing
 global client relationships and focus on the finance vertical is in line with
 our strategy of diversifying geographical revenue contribution while deepening
 engagement levels in the areas of proven competence."
     Lisa Frankovitch, who previously headed Mascot's U.S. operations, will
 head Mascot's Finance, Banking and Insurance vertical practice and lead the
 Global Accounts Development initiative.  The practice will target global
 client acquisition.
     A team of domain experts will provide further insight to Mascot's existing
 industry knowledge base.  Globally, the financial services sector represents
 the largest portion of IT spending.  Mascot has a significant foothold in this
 sector with its deep customer relationships with GE Capital, Employers
 Reinsurance Corporation, Deutsche Bank, Deutsche Securities, Dresdner Bank,
 Bank of America, Berkshire Life Insurance, Merrill Lynch, DGD Bank and First
 North American National Bank, among others.
     Mascot also will focus on building new global relationships with existing
 and new clients whose operations cross many verticals and span the globe. The
 company already has developed deep global relationships with large
 corporations such as GE, Hewlett Packard, Agilent and Dresdner Bank.
     Mascot's U.S. operation is being organized into three regions that will be
 serviced from offices located in Pittsburgh, San Francisco and Piscataway,
 N.J.  These regional offices will be led by senior members of Mascot's
 existing worldwide marketing team, who will focus on enhancing existing
 customer relationships as well as new business development within their
 respective regions.
 
     About Mascot Systems:
     Mascot Systems is a global eServices company that originated in the United
 States in 1993. Offering its unique distributed delivery model through its
 comprehensive understanding of the U.S. market and Global Development Centers
 in India, Mascot provides custom IT solutions and tailored relationships that
 ease customers' transition to eBusiness and offshore outsourcing.  Mascot's
 proprietary SmartAPPS Workstation, empowers clients through tools, artifacts
 and methodologies to maintain hands-on access and management to their offshore
 projects assuring complete client control and transparency. Mascot delivers a
 wide range of eBusiness, business intelligence, application maintenance
 outsourcing, application reengineering and custom solutions.  Mascot Systems
 is one of five GE Global Preferred Partners as well as provides solutions for
 Hewlett Packard, Dresdner Bank and Circuit City. With over 1500 employees and
 9 offices world wide, Mascot Systems is part of the
 iGATE Capital (Nasdaq:   IGTE), network of eServices companies.
 
     Some of the statements in this news release that are not historical facts
 are forward-looking statements.  These forward-looking statements include
 iGATE's financial and growth projections as well as statements concerning its
 plans, strategies, intentions and beliefs concerning the business and the
 markets in which it operates.  These statements are based on information
 currently available to iGATE, and the company assumes 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, the level of market
 demand for iGATE's services, the highly-competitive market for the types of
 services that it offers, market conditions that could cause its customers to
 reduce its spending for its services, its ability to create, acquire and build
 new businesses and to grow its existing businesses, its ability to attract and
 retain qualified personnel, currency fluctuations and market conditions in
 India and elsewhere around the world, and other risks that are described in
 more detail in our filings with the Securities and Exchange Commission.
 
 SOURCE  iGATE Capital Corp.; Mascot Systems