TROY, Mich., June 29, 2011 (GLOBE NEWSWIRE) -- Syntel, Inc., a global information technology services and Knowledge Process Outsourcing (KPO) firm, announced it has again been named to the VAR500. In its 17th edition, the VAR500 is the definitive listing of the leading technology integrators and solution providers in North America, as determined by the amount of products and services sold over the course of 2010.
This year, Syntel jumped more than 70 spots to rank #46 on the 2011 edition, as compared to #117 last year. This rise through the rankings was driven by a 27% increase in Syntel's revenues over the past fiscal year.
"We are extremely fortunate to have experienced such tremendous growth over the past year," said Prashant Ranade, CEO and President of Syntel. "It's a real honor to be listed among the top 50 technology providers in North America, and this ranking validates our strategy of continuing to invest heavily in our employees, infrastructure and innovative new service offerings throughout the economic downturn."
The VAR500 list was published in print and online at CRN.com on June 20, 2011.
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. 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 17,600 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, 2010, the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2011, or from other factors not currently anticipated.