TROY, Mich., May 24, 2010 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) firm, announced it has been named to the VAR500 for the twelfth consecutive year. The VAR500 is the definitive listing of the leading technology integrators and solution providers in North America, ranking organizations based on fiscal year gross revenues.
Syntel jumped more than 20 spots to rank #117 on the 2010 list.
"We are extremely pleased to be included on the VAR500 once again. As we celebrate our thirtieth year in business, this honor is testament to the strength of our business model, generating growth despite the economic challenges of the past year," said Prashant Ranade, CEO and President of Syntel. "Our nimbleness, client-focused culture, and delivery excellence are keys to our continued growth."
The complete listing of the VAR500 is published in print and online at CRN.com on May 24, 2010.
About Syntel
Syntel 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, 2010, Syntel employed more than 13,600 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 15, 2010.