Mumbai: Software solutions provider, iGate Global Solutions Ltd today said it has signed a key technology services agreement with the Union Bank of California (UBoC), the largest bank in the US based on assets, for an undisclosed amount.

Pursuant to the agreement, the company has initially set up a 100 people Operation Technology Center (OTC) for the bank at its software development campus in Whitefield, Bangalore, iGate said in a communique to the Bombay Stock Exchange.

"This is an exciting partnership for us and we are proud to be associated with UBoC and help them enhance their process and service capabilities," iGate Global Solutions Ltd CEO Phaneesh Murthy said. This partnership also gives us confidence that our integrated Technology and Operations (iTOPS) model is gaining more acceptance and momentum, he added.

The company also informed that it has been ranked as India's number one employer on choice in a recent survey by CNBC TV18 in collaboration with Watson Wyatt Worldwide and Jobstreet.com.

"The award is a testimony to the effectiveness of iGATE's Employee Engagement Model which is designed and deployed to fulfill the multiple motivational needs of our employees," iGate Global Solutions Ltd Global Head HR Srinivas Kandula said.

This is the third award for the company this year, recently it was ranked sixth in the Business Today - Mercer-TNS best companies to work for in India survey and number three in the DQ-IDC best employer survey, the company informed.

Shares of the company were at Rs 392.65,down 0.65 per cent on the BSE in morning trade.

Source : PTI