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Press release from GlobeNewswire (a Nasdaq OMX company)

Syntel Expands Application Management Outsourcing With Micro Focus

Tuesday, November 13, 2012

Syntel Expands Application Management Outsourcing With Micro Focus05:30 EST Tuesday, November 13, 2012TROY, Mich., Nov. 13, 2012 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a leading global provider of integrated information technology and Knowledge Process Outsourcing (KPO) services, today announced it has entered into a System Integration partnership with Micro Focus, a leading provider of enterprise application modernization, testing and management solutions. Syntel will implement the modernization techniques adopted from this partnership into all the industries it serves, as a part of Syntel's Application Management Outsourcing (AMO) offering. Syntel will leverage Micro Focus Enterprise Analyzer to enable clients to drive their go-to-market strategies and implement a modern IT infrastructure with reduced cost and risk. The Syntel-Micro Focus alliance will also enhance Syntel's flexible and scalable solutions, while managing end-to-end legacy modernization projects for its clients. Legacy modernization is one of Syntel's key service offerings, as client demand for these services continues to be strong. "Most of our clients are exploring ways to upgrade their mission critical systems from legacy platforms to more cost effective modern IT frameworks," said Syntel CEO and President, Prashant Ranade. "We felt that partnering with Micro Focus was a great way to enhance our service portfolio and offer clients a powerful, automated approach to legacy modernization, process transformation and cost optimization." "This alliance is a great fit for Micro Focus because our solutions dovetail with Syntel's existing application management and modernization offerings," said Susan Drennan, Micro Focus' VP of Channel Sales for North America. "Syntel delivers a wide array of innovative offerings, including their AMO 2.0 suite, and our modernization solutions will enable them to further enhance the value that they deliver to clients."About Micro Focus Micro Focus, a member of the FTSE 250, provides innovative software that allows companies to dramatically improve the business value of their enterprise applications. Micro Focus Enterprise Application Modernization, Testing and Management software enables customers' business applications to respond rapidly to market changes and embrace modern architectures with reduced cost and risk. For additional information please visit www.microfocus.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. Syntel is assessed at SEI CMMi Level 5, and is ISO 27001 and ISO 9001:2008 certified. As of September 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 September 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 Micro Focus: Lillian Dunlap (LEWIS PR), (617) 226-8840; MicrofocusUS@lewispr.com