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

To: Risky Business who wrote (734)	1/27/1998 9:44:00 AM
From: Al Dorsa	Read Replies (1) \| Respond to of 2761

TROY, Mich.--(BUSINESS WIRE)--Jan. 27, 1998-- Syntel, Inc. (NASDAQ:SYNT - news), a leading IT services firm, today announced it has acquired the business and certain assets of Waypointe Information Technologies, Inc., a consulting and systems integration firm focused on providing services in the rapidly-growing area of Enterprise Resource Planning (ERP). Waypointe has annualized revenues of approximately $10 million and provides expertise in the areas of SAP, BaaN, and Oracle. Terms of the acquisition were not disclosed. The transaction will be accretive to Syntel's 1998 earnings and revenues. for the full release: biz.yahoo.com