Syntel Bolsters Legacy Modernization Capabilities with Hatha Systems'
TROY, Mich., Jan. 14, 2013 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a
global information technology services and Knowledge Process Outsourcing (KPO)
firm, today announced it has signed a joint delivery partnership with Hatha
Systems, a leading provider of international standards based application
modernization and sustainment solutions.
Under the terms of the partnership, Syntel will leverage Hatha Systems'
Knowledge Refinery® solution to strengthen its legacy modernization
capabilities, as well as implement and adopt new modernization techniques for
use in ongoing application development and maintenance projects.
According to Syntel CEO and President, Prashant Ranade, legacy modernization
is a key focus area for clients with large legacy portfolios.
"Many of our clients are looking to upgrade their legacy IT platforms to
flexible modern systems in order to improve customer service and business
performance, as well as reduce legacy system costs," said Ranade. "By
implementing solutions from Hatha Systems, we are able to offer our clients a
robust, automated approach to legacy system modernization that is unique in
"We are pleased to welcome Syntel as a Hatha Systems implementation partner,"
said Rama Moorthy, CEO of Hatha Systems. "Syntel has a strong track record of
delivering value and business performance to their clients, and we feel that
our Knowledge Refinery® modernization solution will complement their existing
suite of legacy system offerings."
About Hatha Systems
Hatha Systems is an innovative small business enterprise that brings extensive
knowledge, multi-disciplinary experience and expertise in technology
innovation to the modernization and sustainment (e.g. maintenance, compliance
and security) of software systems. The company is focused on providing this
innovation on a foundation of open standards, delivering solutions that
deliver accuracy, speed, and cost reduction through our automated extraction
and analysis solutions to its clients.To learn more about Hatha Systems,
visit us at www.hathasystems.com
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;
Sikta Samantaray, +91 9167512186;
Analyst and Press Relations, (202) 756-2974;
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