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Photo Release -- Autotrader CEO Chip Perry Lifts the World's Largest Gold Trophy at the Inaugural iGATE CEO Cup Golf Tournament

2013-01-14 02:20 ET - News Release

PONTE VEDRA BEACH, Fla., Jan. 14, 2013 (GLOBE NEWSWIRE) -- CEOs from North American companies, ranging from Autotrader to Dillards, won $100,000 for their charities of choice as they competed in the inaugural iGATE CEO Cup golf tournament, Jan. 12-13, 2013 at the Stadium Course at TPC® Sawgrass in Ponte Vedra Beach, Fla. iGATE (Nasdaq:IGTE), the first integrated technology and operations company providing Business Outcomes-based solutions, in association with Forbes and co-sponsored by NYSE Euronext, invited CEOs based in North America to compete in the iGATE CEO Cup, a first-class, championship-style golf tournament on a world-renowned golf course. Nine-time major golf champion and co-host Gary Player presented the winner of the iGATE CEO Cup, Autotrader CEO Chip Perry, with the world's largest gold sports trophy. Twenty-one inches tall, weighing 8.6 kilograms of gold and emblazoned with diamonds and rubies, the trophy is larger than the iconic FIFA World Cup trophy.

iGATE CEO Cup Trophy
iGATE CEO Cup Trophy - Heaviest and Largest ever in gold


iGATE CEO Cup Trophy Unveiled


iGATE CEO Cup Winner
iGATE CEO Cup Winner - Chip Perry, CEO, Autotrader with Gary Player and Phaneesh Murthy, CEO, iGATE


Gary Player conducting Golf Clinic
Gary Player conducting Golf Clinic for CEOs


Photos accompanying this release are available at

http://www.globenewswire.com/newsroom/prs/?pkgid=16602

http://www.globenewswire.com/newsroom/prs/?pkgid=16603

http://www.globenewswire.com/newsroom/prs/?pkgid=16604

http://www.globenewswire.com/newsroom/prs/?pkgid=16605

"This was truly a life experience," said Chip Perry, Autotrader CEO and iGATE CEO Cup grand prize winner. "To compete at this venue on this stage blew away all my expectations. Just the chance to compete was a privilege and to win was something I never dreamed of. Also, to be able to win money for a charity near and dear to me was just wonderful."

"We are thrilled how the weekend developed," said Phaneesh Murthy, CEO, iGATE. "The CEOs enjoyed a unique and world-class experience, and we were able to help charities from across the country. We look forward to growing the event and doing even more good through the game of golf."

Prizes were awarded to the top three gross, net and team scores. The Watauga (N.C.) Humane Society and Make-a-Wish Foundation are among the charities that will benefit, as winners donate their winnings from the two-day golf tournament. Winners included:

PlacePrizeCEOCompanyCharityHometown
GROSS          
1st Place  $20,000 Chip Perry Autotrader Watauga (N.C.) Humane Society Blowing Rock, NC
2nd Place  $10,000 Lawrence Coben Sustainable Preservation  Sustainable Preservation Initiative New York, NY
3rd Place  $5,000 Darron Antill AppSense New Fairfield/Sherman Animal Welfare Society New York, NY
           
NET          
1st Place $20,000 Mark Wright Targetbase Make-A-Wish Foundation Dallas, Texas
2nd Place $10,000 Nikolas Tavlarios Aegean Marine George Jackson Academy Rowayton, Conn.
3rd Place $5,000 Bill Dillard Dillards First Tee of Little Rock Little Rock, Ark.
           
TEAM          
1st Place  $20,000 Chip Perry Autotrader Watauga (N.C.) Humane Society Blowing Rock, NC
    Phaneesh Murthy iGATE Tiger Preservation Fremont, Calif.
2nd Place  $10,000 Mark Wright & Targetbase Make-A-Wish Foundation Dallas, Texas
    Billy Sewell      

Player, a Hall of Famer and one of five golfers to win golf's career Grand Slam, conducted a golf clinic for CEOs playing in the event and participated in tournament receptions and the awards ceremony. An accomplished businessman and renowned golf-course architect with more than 325 course designs, Player said: "The most important thing is that charity was the winner. Golf is the greatest catalyst of any sports to raise money, and it is wonderful that businessmen are giving their time."

Renowned sculptor Amit Pabuwal, based in Jaipur, India, was commissioned to create the iGATE CEO Cup trophy. Distinguished for his work creating one-of-a-kind trophies for other sporting events, Pabuwal holds the world's highest credentials in trophy making. He has crafted several world cups, which are acclaimed for their design and workmanship. Most notably, he designed the world's first Guinness world-record trophy Trilok Rachna. Now, Pabuwal will have entries in the Guinness Book of World Records under the categories of both largest silver trophy and largest gold trophy.

The iGATE CEO Cup trophy design is unique, blending the modern trophy form with a Victorian effect of hand-crafted work and carved figures on the trophy. The trophy has golf players embossed outside with the inside area depicting grass. At the center of the front of the trophy, a diamond-studded golf ball and a rubies-studded North American map serve as a symbol of North American corporate representatives competing in a golf tournament. The trophy has two golfers embossed with an opening at the center signifying the charitable outreach of the CEOs who will be donating their prize money to their respective charities. The back of the trophy depicts four golfers at play in a semi-abstract art form with their golf clubs at the bottom. The golf ball at the center along with the iGATE logo is diamond studded, while the map of North America is studded with rubies.

About iGATE

iGATE Corporation is the first integrated technology and operations (iTOPS) company providing full-spectrum consulting, technology and business process outsourcing, and product and engineering solutions on a Business Outcomes-based model. Armed with over three decades of IT Services experience and powered by the iTOPS platform, iGATE's multi-location global organization has a talent pool of over 27,000 employees and consistently delivers effective solutions to over 300 clients including Fortune 1000 companies spanning verticals such as: banking and financial services; insurance and healthcare; life sciences; manufacturing, retail, distribution and logistics; media, entertainment, leisure and travel; communication, energy and utilities; public sector; and independent software vendors. Please visit www.igate.com for more information. iGATE Corporation is listed on the NASDAQ Global Select Market under the symbol "IGTE."

The iGATE Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5150

The photos are also available via AP PhotoExpress.

CONTACT: Prabhanjan Deshpande "PD"
         Corporate Communication and Media Relations
         PD@iGATE.com
         +91 80 4104 5006
         
         Brener Zwikel & Associates, Inc.
         Toby Zwikel/Brian Robin/Liz McCollum
         tobyz@bzapr.com; brianr@bzapr.com; elizabethm@bzapr.com
         818-462-5599/818-462-5610/813-421-0550

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