SAN FRANCISCO and TROY, Mich., March 31, 2010 (GLOBE NEWSWIRE) -- Syntel (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) firm, and Jaspersoft, the world's most widely-used business intelligence (BI) software, today announced an agreement to jointly deliver high-performance data warehousing and business intelligence solutions.
This collaboration will enable even the most sophisticated Fortune 100 customers to leverage BI tools to gain greater insight into their operations and make better business decisions.
Syntel and Jaspersoft's partnership builds on the successful joint delivery of a BI project for one of the world's largest financial services firms. In addition to the Jaspersoft implementation, Syntel's Data Warehousing and Business Intelligence Center of Excellence delivered assessment, product and architecture selection, data modeling, enterprise data management, data mining and migration services.
"Today's companies can gain a real competitive advantage by leveraging their data assets and making them available to employees," said Syntel CEO and President Prashant Ranade. "Jaspersoft's BI Suite achieves this with simple, powerful reporting and analytics that offers a compelling mix of functionality and economy."
"Jaspersoft looks forward to expanding our relationship with Syntel as an implementation and integration partner," said Jose Morales, Vice President for business development at Jaspersoft. "Syntel has a strong track record of executing large-scale data warehousing projects for its customers and truly understands the specific challenges each industry faces with its data. By integrating Jaspersoft's BI Suite into its services mix, Syntel will offer a broader scope of enterprise-class functionality at a fraction of the cost of proprietary solutions on the market."
Syntel and Jaspersoft have initiated training and go-to-market activities to build on this initial success. For more information on business intelligence solutions, visit the Syntel and Jaspersoft websites.
About Jaspersoft Corporation
Jaspersoft's open source business intelligence is the world's most widely used BI software, with more than 10 million product downloads worldwide and more than 12,000 commercial customers in 100 countries. Jaspersoft provides a web-based, open and modular approach to the evolving business intelligence needs of the enterprise and is the only BI vendor enabling true multi-tenancy while providing a common platform for on-premise, virtualized, SaaS and cloud deployments. Jaspersoft's products span the continuum of core BI requirements, including production reporting, operational & embedded reporting and analysis, interactive end-user query & reporting, dashboards and mash-ups, data analysis and data integration. Its BI software is updated constantly by a community of more than 120,000 registered members working on more than 350 projects, which represents the world's largest business intelligence community. More information is available at www.jaspersoft.com and www.jasperforge.org.
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 15, 2010.