TROY, Mich., June 18, 2013 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) company, today announced that it has been ranked in The 2013 Global Outsourcing 100® by the International Association of Outsourcing Professionals (IAOP). Syntel has moved up seven places over the 2012 rankings to #31.
Syntel was named to IAOP's annual list of the world's best outsourcing service providers for the seventh consecutive year and was included on several sub-lists that recognize providers for their specialization in particular industry and service segments.
The Company has been named among the top 20 providers serving the Financial Services (Banking, Markets and Insurance) and Healthcare industries. Syntel was also one of the top 20 companies providing Transaction Processing Services and was recognized as one of the "Best 20 Leaders in UK" and "Best 20 Leaders in Western Europe."
The IAOP judging panel takes into account an organization's size and growth, customer references, competencies and management capabilities. Syntel was selected based on its overall capabilities, as well as excellence in a number of areas, such as an ongoing commitment to community involvement, fair operating and labor practices, attention to environmental impact, consumer issues and good governance.
"Clients today demand more from their partners and service providers, which is why Syntel constantly strives to develop innovative new solutions and IP assets to deliver outstanding business value," said Syntel CEO and President, Prashant Ranade. "We are extremely proud to be included in the GO100 list, which we feel is great recognition of our ongoing commitment to excellence in operations, leadership and corporate citizenship."
The complete rankings are available in the May 20, 2013 issue of FORTUNE® magazine in a special feature produced by IAOP. The complete Global Outsourcing 100 sub-lists are available at: http://www.iaop.org/.
About IAOP
The International Association of Outsourcing Professionals® (IAOP®) is the global, standard-setting organization and advocate for the outsourcing profession. With more than 120,000 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 http://www.IAOP.org.
About The Global Outsourcing 100
The International Association of Outsourcing Professionals® (IAOP®) is in its eighth 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.
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, 2013, Syntel employed more than 22,000 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, 2012 or from other factors not currently anticipated.