16.02.2009 13:45:00
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Syntel Named to IAOP’s Global Outsourcing 100
Syntel, Inc. (NASDAQ:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) firm, today announced that the International Association of Outsourcing Professionals (IAOP) has named it to the Global Outsourcing 100 for the third consecutive year.
The 2009 Global Outsourcing 100 recognizes the world’s best outsourcing service providers, which are judged by an independent panel of experts from the business and academic communities.
"At a time when companies are scrutinizing their suppliers more closely than ever to ensure they are delivering high quality, value-added results, The Global Outsourcing 100 has become an even more valuable reference tool for companies seeking to work with the best providers and advisors,” said IAOP Chairman Michael Corbett. "The companies named on this list have demonstrated their expertise following a rigorous, independently judged process and represent the tops in the industry.”
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.
"We are honored to be chosen again by IAOP as one of the top global outsourcing companies,” said Keshav Murugesh, Syntel’s President and COO. "Our positioning as a nimble, right-sized, innovative partner is resonating well in the marketplace, particularly in these difficult times. This award is a wonderful recognition that our efforts are paying off.”
The complete rankings will be published in a special advertising feature produced by IAOP in the May 4th issue of FORTUNE® magazine.
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 has over 12,300 employees worldwide, is assessed at SEI CMMi Level 5, and is ISO 27001 and ISO 9001:2000 certified. To learn more, visit us at: www.syntelinc.com.
About IAOP
The International Association of Outsourcing Professionals (IAOP) is the global, standard-setting organization and advocate for the outsourcing profession. With 40,000 customer, advisor and provider members worldwide, IAOP helps companies increase their outsourcing success rate, improve their outsourcing ROI, and expand the opportunities for outsourcing across their business. To learn more, visit www.outsourcingprofessional.org.
About The Global Outsourcing 100™
The Global Outsourcing 100, produced annually by the International Association of Outsourcing Professionals™ (IAOP™), is devoted to featuring the best of today's leading outsourcing service providers and tomorrow's rising stars. Along with its publication by IAOP, the list appears each year in FORTUNE® magazine in the special advertising section produced by IAOP. Companies must demonstrate excellence in categories such as size and growth, customer experience, depth and breadth of competencies, and management capabilities. Because of the rigorous application and judging process employed, The Global Outsourcing 100 defines the standard for excellence in outsourcing service delivery.
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 11, 2008 and the Company's Quarterly Report on Form 10-Q for the period ending September 30, 2008.
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