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Press release from GlobeNewswire (a Nasdaq OMX company)

Syntel Inks Partnership With Aras for PLM Solutions

Tuesday, November 08, 2011

Syntel Inks Partnership With Aras for PLM Solutions05:00 EST Tuesday, November 08, 2011TROY, Mich., Nov. 8, 2011 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a global Information Technology services and Knowledge Process Outsourcing (KPO) firm, today announced it has signed a systems integration partnership with Aras, the leading enterprise open source Product Lifecycle Management (PLM) software solution provider. As a member of the Aras Partner Program, Syntel will offer its clients the Aras Innovator® suite, a powerful, full-featured open source PLM solution with advanced technology for highly flexible, scalable and secure deployments across the extended enterprise. "We are very excited to team up with Aras to offer our clients an open source option to meet their PLM challenges," said Avinash Salelkar, VP and Head of Syntel's Manufacturing and Automotive practice. "Aras Innovator is gaining traction in the marketplace, and we believe that more and more global companies will turn to Aras to reduce their product development costs and transform complex PLM processes. By combining this cost effective solution with Syntel's global delivery service, our clients will be able to create a significant competitive advantage in terms of greatly enhanced speed and dramatic cost reduction." "Syntel has a strong history of staying ahead of the technology curve, and we are proud that they have chosen to partner with Aras," said Peter Schroer, President of Aras. "The scalability and flexibility of our PLM platform's Web-based, open architecture is a great match for Syntel's innovative solution culture." Aras solutions enable customers to collaborate and innovate more effectively during new product development and introduction. Its open source business model eliminates expensive software licensing costs, lowering total cost of ownership and delivering faster time to value. Syntel's current suite of end-to-end PLM solutions includes consulting, implementation, integration, migration and upgrade as well as maintenance and support services. In addition, Syntel offers design engineering, collaborative product engineering and closed loop design automation services to clients in the automotive, aerospace, industrial, electronics and medical device industries.About Aras Aras is the leading provider of enterprise open source Product Lifecycle Management (PLM) software solutions. Freedom from licensing eliminates up-front expenses and per user costs while superior technology makes Aras the most advanced enterprise PLM solution suite available. Customers include Motorola, Freudenberg, GE, Hitachi, Lockheed Martin, Rolls-Royce, Textron and TEVA Pharmaceuticals. Aras is privately held with global headquarters in Andover, MA. For additional information visit www.aras.com or follow us on Twitter @aras_plmAbout 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 September 30, 2011, Syntel employed more than 18,000 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, 2010, the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2011, or from other factors not currently anticipated.CONTACT: North America/Europe: Jon Luebke Syntel 248/619-3503 jon_luebke@syntelinc.com AsiaPac: Suruchi Sharma Syntel +91 9833691415 suruchi_sharma@syntelinc.com