TROY, Mich., March 4, 2010 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) firm, today announced that the International Association of Outsourcing Professionals (IAOP) has named it to the Global Outsourcing 100® for the fourth consecutive year.
The 2010 Global Outsourcing 100 recognizes the world's best outsourcing service providers, which are judged by an independent panel of experts from the business and academic communities.
"As the economy recovers, partnering with the world's best outsourcing providers and advisors will be more important than ever," said IAOP Chairman Michael Corbett. "The Global Outsourcing 100 helps companies easily identify those partners that will help them emerge as leaders."
IAOP's selection process takes into account factors like a firm's ability to create value for customers, depth and breadth of competencies and top management talent, as well as company size and growth rates.
"At Syntel, we have been making significant investments in infrastructure and new services to deliver the maximum value to our clients in this challenging economy," said Syntel CEO and President, Prashant Ranade. "Our record-setting 2009 financial performance is a strong indication that this strategy is resonating with our customers."
The complete rankings will be published in the May 3rd issue of FORTUNE® magazine in a special advertising feature produced by IAOP.
About IAOP
The International Association of Outsourcing Professionals® (IAOP®) is the global, standard-setting organization and advocate for the outsourcing profession. With more than 100,000 members and affiliates worldwide, IAOP helps companies increase their outsourcing success rate, improve their outsourcing ROI, and expand the opportunities for outsourcing across their businesses. To learn more, visit www.outsourcingprofessional.org.
About The Global Outsourcing 100
The International Association of Outsourcing Professionals® (IAOP®) is in its fifth year of compiling its annual ranking of the world's best outsourcing service providers and advisors – The Global Outsourcing 100. The Global Outsourcing 100 and its sub-lists are essential references for companies seeking new and expanded relationships with the best companies in the industry. The lists include companies from around the world that provide the full spectrum of outsourcing services — not just information technology and business process outsourcing, but also facility services, real estate and capital asset management, manufacturing and logistics. They include not only today's leaders, but tomorrow's rising stars.
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 December 31, 2009, Syntel employed more than 12,500 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.