TROY, Mich., June 14, 2012 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) firm, today announced it has been recognized by UBM Channel as a part of CRN's 2012 Solution Provider 500 list, which ranks the top technology integrators in North America.
Formerly known as the "VAR 500", the Solution Provider 500 ranks the highest producing solution provider organizations in the IT channel from hardware sales, software sales, and managed IT services.
Syntel placed #44 in the annual revenue ranking, as compared to #46 in the 2011 edition.
According to Syntel CEO, Prashant Ranade, Syntel's 21% annual revenue increase was driven by growth in a number of key sectors.
"Our revenue growth was very broad based across services and industries, with healthcare and retail leading the way," said Ranade. "We continue to make investments in our employees, infrastructure and innovative new service offerings like cloud, mobility and analytics."
"We have a sharp focus on our customers' needs and a solid foundation for future growth, and we expect to continue to make progress in years to come."
A sample of the SP500 list will be published in print and online at CRN.com on June 25, 2012.
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 9001:2008 certified. As of March 31, 2012, Syntel employed more than 19,000 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, 2011, the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2012 or from other factors not currently anticipated.
About UBM Channel
UBM Channel is the premier provider of IT channel-focused events, media, research, consulting, and sales and marketing services. With more than 30 years of experience and engagement, UBM Channel has the unmatched channel expertise to execute integrated solutions for technology executives, managing partner recruitment, enablement and go-to-market strategy in order to accelerate technology sales. UBM Channel is a UBM company. To learn more about UBM Channel, visit us at http://www.ubmchannel.com. Follow us on Twitter at http://twitter.com/ubmchannel.