TROY, 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.