TROY, Mich., June 3, 2010 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) firm, today announced that it has been ranked #58 on the 2010 "Healthcare Informatics 100," a list of the 100 leading global healthcare IT providers.
"We are very pleased to be recognized as one of the top 100 healthcare technology providers, and Syntel has achieved excellent growth in the healthcare industry over the past year," said Syntel's CEO and President, Prashant Ranade. "Our growth has been driven by demand for our integrated suite of industry-focused IT and KPO services, and we have made significant investments in new service offerings like records management KPO and ICD-10 migration."
"We recently added our first healthcare KPO client, are now enabling this global pharmaceutical company to process and archive 30,000 to 40,000 clinical trial documents each month with 100% accuracy and dramatically lower cost."
"Our best-in-class ICD-10 migration methodology is a phased approach that not only assures regulatory compliance, but also enables enterprises to undergo a transformation to open up innovative new uses for data including robust research and analytics, predictive modeling and fraud management," said Ranade.
Healthcare is a key focus area for Syntel, and the Company also provides targeted solutions for payers, providers, and pharmaceutical firms, such as provider analytics, medical banking, disease and care management, mobility solutions, clinical data management, Pharmcovigilance, and e-detailing.
In its 17th edition, the "Healthcare Informatics 100" list ranks the top 100 healthcare technology providers by revenue. The article appears in the June 2010 issue of Healthcare Informatics magazine.
About Healthcare Informatics
Healthcare Informatics is the only publication focused solely on servicing the acute-care C-suite IT leaders. It covers best practices for system selection, contract negotiation, implementation and integration, as well as strategic management issues, such as governance, staffing, budgeting, and change management. Healthcare Informatics and its Web site are divided into six areas of content — clinical, financial, administrative, wireless, imaging, and policy. To learn more, visit www.healthcare-informatics.com.
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, 2010, Syntel employed more than 13,600 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 Report on Form 10-K for the year ended December 31, 2009 and the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2010.