TROY, Mich., Dec. 3, 2009 (GLOBE NEWSWIRE) -- Syntel (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) firm, today announced an agreement with Netezza Corporation (NYSE:NZ), the global leader in data warehouse and analytic appliances, to deliver high-performance data warehousing and business intelligence solutions.
Syntel will offer system integration services for the Netezza platform along with its existing portfolio of data warehousing and business intelligence services. Syntel's Data Warehousing and Business Intelligence Center of Excellence offers services including assessment, product and architecture selection, product implementation, data modeling, Enterprise Data Management, data mining, and migration services.
"Syntel represents a key relationship for Netezza as an implementation and integration partner," said Kim Strayer, account executive of partner alliances at Netezza. "Syntel has an excellent track record of executing large-scale data warehousing projects for their customers and our high-performance appliances like the Netezza(R) TwinFin(TM) appliance are an excellent fit for Syntel's suite of services."
The Netezza data warehouse appliance is built specifically to analyze petabytes of detailed data significantly faster than existing data warehouse options, at a much lower total cost of ownership. It stores, filters and processes terabytes of records within a single unit, analyzing only the relevant information for each query.
"Netezza's data warehousing appliance is a powerful tool for today's enterprises to increase the throughput, speed and scalability of data intensive operations," said Syntel CEO Keshav Murugesh. "Today's companies can gain a real competitive advantage by leveraging their data assets, and we are confident that Netezza's products will give our clients an edge in the marketplace."
About Netezza Corporation
Netezza Corporation (NYSE:NZ) is the global leader in data warehouse and analytic appliances that dramatically simplify high-performance analytics across an extended enterprise. Netezza's technology enables organizations to process enormous amounts of captured data at exceptional speed, providing a significant competitive and operational advantage in today's data-intensive industries, including digital media, energy, financial services, government, health and life sciences, retail and telecommunications. Netezza is headquartered in Marlborough, Massachusetts and has offices in Northern Virginia, the United Kingdom, Germany, France, Japan, Korea, Australia and Singapore. For more information about Netezza, please visit www.netezza.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 September 30, 2009, Syntel employed more than 11,400 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 September 30, 2009.