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Technology Stocks : SYNTEL (SYNT) - Upcoming Year 2000 IPO -- Ignore unavailable to you. Want to Upgrade?

To: Andrew Hunter who wrote (369)	11/23/1997 11:00:00 PM
From: Risky Business	Respond to of 2761

Growing Market for Year 2000 Services Prompts Firm to Expand Overseas Operations IT Firm Opens Fourth Global Development Center TROY, MI -- Aug. 27, 1997 -- To meet growing demand for comprehensive and cost-effective Year 2000 programming services, Syntel, Inc. (Nasdaq: SYNT) has announced the opening of a Global Development Center in the city of Chennai, India (formerly known as Madras). This marks the firm's fourth Global Development Center in operation, with the others in Cary, North Carolina, Mumbai, India (formerly known as Bombay), and Santa Fe, New Mexico. "We selected this site for our fourth Global Development Center due to the strong infrastructure and the ample supply of talented programmers, analysts, and project managers," said Richard Baldyga, Syntel Vice President/Global Delivery. "Our center in Chennai is networked with both data and voice links to all of our other sites around the world to ensure constant and effective communication as projects move through the life-cycle. The facility in Chennai has capacity for 600 technical staff and will also include training and development facilities. Syntel is one of the first firms to successfully execute the "continuous workday" model by locating project teams in contrasting time zones around the world. Through network links and strong project methodologies, work can progress virtually 24-hours-a-day. "The ability to expand the workday to complete mission-critical IT projects is particularly relevant when you look at the Year 2000 challenge with its fixed deadline," said Baldyga. Syntel, Inc., provides leading-edge applications outsourcing, Year 2000 compliance and IT staffing solutions to Fortune 1000 companies and government organizations worldwide. Syntel has more than 1,800 employees and operates 11 offices in the US, UK, and Singapore, as well as four Global Development Centers around the world. Remember this headline? SYNT has the contacts, the facilities and they are ready to rock. Stay tuned. Regards, Risky