TROY, Mich., Aug. 6, 2010 (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 Global Services 100, a list of the top global providers of business and technology outsourcing services, for the fourth straight year.
To compile the Global Services 100, a panel of experts from Global Services magazine and Neo Advisory identify and evaluate leading service providers based on criteria including service offerings, management excellence, delivery capabilities, financial and geographic scale and client relationships.
"We are pleased to be chosen again by Global Services and Neo Advisory as one of the world's top global technology outsourcing companies," said Prashant Ranade, Syntel CEO and President. "Syntel has earned a reputation as a trusted partner, and we work hard to enable our clients to transform their technology investments into strategic tools to create competitive advantage."
"There is a recognition in large companies that outsourcing as a means to reduce costs has had its time; these companies are increasingly looking for service providers to make their operations more effective globally and even to transform key areas of their business," said Atul Vashistha, Chairman, Neo Advisory. "The GS100 companies are delivering on these fronts and are equipped to demonstrate new forms of value in outsourcing to their clients."
The 2010 Global Services 100 study and list of the top 100 service providers can be viewed at www.globalservicesmedia.com.
About Global Services
Global Services, a media platform by CyberMedia, serves the global ITO and BPO industry through quality content, research, services, and marketing solutions. A multi-shore team spanning the U.S.A. and India drives the Global Services brand. The Global Services brand is an integrated media platform that includes the website globalservicesmedia.com, conferences, research, webinars, e-magazines, custom publishing, and various other content delivery formats.
About Neo Advisory
Neo Advisory is a consulting firm that enables organizational transformation by leveraging outsourcing and globalization, while ensuring our clients become "Great Globalizers." Through a blend of consulting and implementation, backed by a robust knowledge database and hands on experience of our consultants, we provide objective and actionable advice and help clients to truly leverage Globalization and Outsourcing.
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 June 30, 2010, Syntel employed more than 14,900 people worldwide. To learn more, visit us at: www.syntelinc.com.
Safe Harbor Provision
This news release includes forward-looking statements, including those 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 Report on Form 10-K for the year ended December 31, 2009 and the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2010.