TROY, Mich., June 4, 2009 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) firm, announced it has been named to the 2009 VAR 500, the definitive listing of the biggest IT solution providers, integrators, and service companies in North America. The list is published in the May 25, 2009 issue of CRN and online by ChannelWeb at www.channelweb.com.
Syntel placed #140 on the 2009 list, which ranks North American technology organizations based on 2008 fiscal year gross revenues.
"Syntel is proud to be included on this list for the eleventh year running. It is a tribute to our ability to deliver robust IT and business strategies and support to help Fortune 500 organizations drive their businesses," said Keshav Murugesh, Syntel Chief Executive Officer and President. "Much has changed in the past decade, but Syntel has remained strong because of the underlying value of our offerings and the outstanding service we provide to clients."
Combined, the companies that make up the 2009 VAR 500 generated more than $597 billion in revenue the 2008 fiscal year.
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.