updated 10/26/2010 9:45:21 PM ET 2010-10-27T01:45:21

TROY, Mich., Oct. 26, 2010 (GLOBE NEWSWIRE) -- Syntel, a global information technology services and Knowledge Process Outsourcing (KPO) firm, today announced that it has been named to the FinTech 100, an annual ranking of the top global technology providers servicing the financial services industry, as named by American Banker, Bank Technology News and IDC Financial Insights.

Syntel was ranked 37th on the list, which was chosen from a pool of technology providers that derive more than one-third of their revenue from the financial services industry. In all, 74 percent of Syntel's 2009 revenues were attributable to financial services and insurance, including both information technology and KPO solutions.

"We are honored to be named to the Fintech 100," said Syntel CEO and President Prashant Ranade. "Historically, financial services and insurance have been Syntel's strongest verticals, and we continue to make investments in new service offerings to serve our clients in this area."

"Syntel has developed innovative new financial services solutions such as healthcare banking, risk and compliance, fraud detection and anti-money laundering, as well as custom KPO and domain-specific services for targeted industry segments," said Ranade.

The FinTech 100 are evaluated based on calendar year revenues and the percentage of revenues exclusively attributed to financial services and insurance.

For more information about the rankings, visit www.financial-insights.com/fintech or view the FinTech Special report at http://www.americanbanker.com/fintech100/ .

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 9001:2000 certified. As of June 30, 2010, Syntel employed more than 14,900 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, 2009 and the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2010.

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