TROY, Mich., June 29, 2009 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) firm, today announced that it has been named to the 2009 "Healthcare Informatics 100," a list of the 100 leading global healthcare IT providers.
Syntel moved ahead four spots to rank #53 on the 2009 list. In 2008, Syntel generated over $53 million in healthcare revenues, accounting for 13 percent of the Company's annual revenue.
"We are extremely pleased to be honored by Healthcare Informatics as one of the top 100 healthcare technology providers," said Syntel's CEO and President, Keshav Murugesh. "Our growth in the healthcare and life sciences industry has been driven by client demand for our integrated suite of industry-focused IT and KPO offerings. Syntel's team of domain experts and technology professionals has created a group of services that enable healthcare and life sciences firms to unlock innovation, efficiency and value in their technology investments."
Syntel's services span the entire value chain for payers, providers, and pharmaceutical firms, including targeted offerings for areas such as provider analytics, ICD 10 migration, medical banking, disease and care management, mobility solutions, clinical data management, Pharmcovigilance, and e-detailing.
In its 16th edition, the "Healthcare Informatics 100" list ranks the top 100 healthcare technology providers by revenue. The article appears in the June 2009 issue of Healthcare Informatics magazine.
About Healthcare Informatics
Healthcare Informatics is the only publication focused solely on servicing the acute-care C-suite IT leaders. It covers best practices for system selection, contract negotiation, implementation and integration, as well as strategic management issues, such as governance, staffing, budgeting, and change management. Healthcare Informatics and its Web site are divided into six areas of content -- clinical, financial, administrative, wireless, imaging, and policy. To learn more, visit www.healthcare-informatics.com.
About Syntel
Syntel (Nasdaq:SYNT) is a leading global provider of integrated information technology and Knowledge Process Outsourcing (KPO) solutions spanning the entire lifecycle of business and information systems and processes. The Company is driven by its mission to create new opportunities for clients by harnessing the passion, talent and innovation of Syntel employees worldwide. Syntel leverages dedicated Centers of Excellence, a flexible Global Delivery Model, and a strong track record of building collaborative client partnerships to create sustainable business advantage for Global 2000 organizations. Recently named one of the "50 Best Managed Global Outsourcing Vendors" by The Black Book of Outsourcing, Syntel is assessed at SEI CMMi Level 5, and is ISO 27001 and ISO 9001:2000 certified. As of March 31, 2009, Syntel employed more than 11,700 people worldwide. To learn more, visit us at: www.syntelinc.com.
Safe Harbor Provision
This news release includes forward-looking statements, including with respect to the future level of business for Syntel, Inc. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors set forth in the Company's Annual Form 10-K document dated March 12, 2009 and the Company's Quarterly Report on Form 10-Q for the period ending March 31, 2009.