The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from GlobeNewswire (a Nasdaq OMX company)

IAOP Names Syntel a Leader in 2012 Global Outsourcing 100

Tuesday, August 14, 2012

IAOP Names Syntel a Leader in 2012 Global Outsourcing 10012:50 EDT Tuesday, August 14, 2012TROY, Mich., Aug. 14, 2012 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) company, today announced that it has received several recognitions in the International Association of Outsourcing Professionals (IAOP) 2012 Global Outsourcing 100 ® rankings. Syntel was named to IAOP's annual list of the world's best outsourcing service providers for the sixth consecutive year, moving up ten places over the 2011 rankings to #38. Syntel was included on several "sublists" which recognize providers for their specialization in particular industry and service segments. Among others, Syntel was named one of the top 10 providers serving the healthcare industry, a top 20 provider of industry specific services, and one of the top 20 firms providing transaction processing services for financial services clients. The rankings are based on an independent judging panel's evaluation of criteria including size and growth, customer references, organizational competencies and management capabilities. IAOP's selection process takes into account factors like a firm's ability to create value for customers, depth and breadth of competencies and top management talent, as well as company size and growth rates. "Syntel continues to create opportunities through innovative services which have a positive impact on our clients' businesses," said Syntel CEO and President, Prashant Ranade. "We are extremely pleased to receive this recognition from IAOP. This ranking confirms that our focus on targeted industry solutions, operational excellence and delivering customer value is a strong differentiator in the marketplace." The complete rankings are available in the July 23rd issue of FORTUNE® magazine in a special advertising feature produced by IAOP. The complete Global Outsourcing 100 sublists 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 www.IAOP.org.About The Global Outsourcing 100 The International Association of Outsourcing Professionals® (IAOP®) is in its seventh 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 June 30, 2012, Syntel employed more than 20,000 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, 2011, the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2012 or from other factors not currently anticipated.CONTACT: Syntel (North America/Europe): Jon Luebke, (248) 619-3503, jon_luebke@syntelinc.com Syntel (Asia/Pacific): Sikta Samantaray, +91 9167512186, sikta_samantaray@syntelinc.com IAOP - Kate Tulloch-Hammond, (845) 452-0600, ext. 122, kate.hammond@iaop.org