To all lonely survivors: Well, here is some news on SYNT. Hasnt done much for the stock price but I know its a prestigous and difficult to earn award (I helped a client once on the documentation required for it). It at least shows that SYNT is busy at work building a first class organization even if the stock price SUCKS. JDN
Syntel's Chennai Global Development Center Awarded ISO 9001 Certification
TROY, Mich.--(BUSINESS WIRE)--March, 29, 1999--Syntel, Inc. (Nasdaq:SYNT) announced today it's Global Development Center based in Chennai, India, has been awarded the International Organization for Standardization (ISO) 9001 certificate of approval by Bureau Veritas Quality International (BVQI).
Syntel has been assessed for the quality management system in place at the facility for its software-related services, including: analysis, design, development, maintenance, enhancement, and support for applications in product and services industry, business, finance, communication, insurance, and government. This certification indicates Syntel's internal systems meet or exceed stringent quality standards. Many governments and large corporations require this certification before they will engage a service provider.
Syntel's Global Development Center in Chennai is a fully networked facility that, combined with its Mumbai facility, provides the capacity for approximately 1,200 software engineers. This Global Development Center plays a key role in Syntel's Global Delivery Model. For numerous Fortune 500 customers, Syntel executes an on-site, off-site, and offshore delivery model for providing Applications Management and advanced technology solutions. This Global Development Center has satellite and fiber-optic network links to Syntel's other development centers in the US and India.
"This is one of the most significant awards Syntel has received, as it is an internationally respected accreditation of the standards of quality of software development being executed at and delivered from this facility," said Bharat Desai, Chairman and CEO of Syntel, Inc.
Baru S. Rao, CEO of Syntel's India operations added, "This is a very significant achievement for Syntel. The ISO 9001 quality certification certifies every aspect of our standardized software development process quality in place across the organization. Syntel's Mumbai-based Global Development Center was ISO certified in mid-1998. With this milestone, the entire operations of Syntel India match up to ISO standards."
About the International Organization for Standardization
The International Organization for Standardization (ISO) is a worldwide federation of national standards bodies from some 130 countries, one from each country. ISO is a non-governmental organization established in 1947. The mission of ISO is to promote the development of standardization and related activities in the world with a view to facilitating the international exchange of goods and services, and to developing cooperation in the spheres of intellectual, scientific, technological and economic activity. ISO's work results in international agreements that are published as International Standards.
About Syntel, Inc.
Syntel provides cutting-edge Applications Management and technology consulting services to Fortune 500 companies such as AIG, Dayton Hudson, Allied Van Lines, DaimlerChrysler Corporation, and Borders, among others. Syntel helps its clients better manage their business applications to improve time to market, productivity, and competitiveness through integrated applications solutions. The Company has approximately 2,100 employees in North America, Europe, and Asia and operates four world-class Global Development Centers in the US and India. To learn more about Syntel, visit the company web site at: syntelinc.com
CONTACT:
Syntel Inc.
Jonathan K. James, 919/233-6208
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