TROY, Mich., June 22, 2009 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) company, today announced that it has been named to The Black Book of Outsourcing's 2009 "50 Best Managed Global Outsourcing Vendors" list, as announced in The Wall Street Journal.
Syntel jumped 22 spots from last year to rank #27 on the current list, which was tabulated based on survey responses from nearly 24,000 technology executives. To qualify, at least ten unique, verifiable client votes were required.
More than 1,600 qualified vendors from 45 countries were evaluated during the course of the survey process, which rated service providers against 31 management criteria and 18 key performance indicators. To rank in the top 50, a vendor must score in the top one percent of the nearly 4,900 vendors included in the Black Book's database.
According to Keshav Murugesh, Syntel's CEO and President, the findings reflect Syntel's ability to deliver value to its customers.
"Being included in this prestigious list is both an honor and a testament to the hard work put in every day by Syntellers worldwide," said Murugesh. "We have always taken a great deal of pride in being flexible and responsive to our clients' business needs, and this ranking is great validation that our customers appreciate the high level of service and value that Syntel brings to their businesses."
The Black Book of Outsourcing lists are comprehensive guides developed and published by Brown-Wilson Group for the field of outsourcing, and rank over 300 of the world's top outsourcing companies in various categories. Developed in 2004, this independent and unbiased annual study is recognized as the industry standard for customer satisfaction in the global services industry.
About Brown-Wilson Group, Inc.
Brown-Wilson Group's research mission is to offer balanced, objective and unbiased results to help organizations maximize significance, increase speed-to-results, and mitigate risk in outsourcing/sourcing initiatives. Brown-Wilson Group, based in Clearwater FL USA, (a Data Monitor Company) measures their own success via clients' ability to achieve and sustain significant improvements in their outsourcing decisions from aligning customer experience research and strategies that stand the test of time.
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 March 31, 2009, Syntel employed more than 11,700 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 March 31, 2009.