After his unceremonious exit from iGate more than seven years ago, Phaneesh Murthy, once considered the poster boy of the IT outsourcing services industry, has staged a quiet comeback.
The former CEO of iGate, which was then a Nasdaq-listed IT services company, is learnt to have joined back-office services firm Sutherland Global Services as the CEO of IT Services and Healthcare IT Services. Though it is predominantly into business process management (BPM) services, US-headquartered Sutherland has been trying to build a strong IT services practice for some time, with limited success.
Founded in 1986 by Dilip Vellodi, the privately-held firm employs around