Syntel, Inc. SYNT -4.75% , a global Information Technology services and Knowledge Process Outsourcing (KPO) firm, today announced it has signed an implementation partnership with Pyxis Mobile, provider of the only cross-device mobile application development platform designed to meet keep pace with today’s fast-paced mobile technology environment.

The partnership will enable Syntel to leverage the unique Pyxis Mobile platform to provide greater flexibility, speed and interoperability in the mobile applications it develops and delivers for devices including iPhone, iPad, BlackBerry, and Android smartphones and tablets.

“More and more Syntel clients are seeking robust, secure, full-featured mobile solutions, not just to reach customers, but also to enable their enterprises to work smarter and with greater flexibility,” said Syntel CEO and President, Prashant Ranade. “By partnering with Pyxis Mobile, Syntel is able to extend our clients’ enterprises by quickly rolling out new consumer and business applications to a wide variety of mobile devices, without the time consuming and costly step of creating new code for each platform.”

“We are very excited to have Syntel on board as a Pyxis Mobile implementation partner so that they can begin delivering our comprehensive mobility solutions to their customers,” said Steven Levy, Chief Executive Officer of Pyxis Mobile. “Syntel has been providing business value through innovative technology solutions for more than three decades, and by working together, Pyxis Mobile and Syntel can bring a new level of value to today’s businesses and consumers.”

Syntel’s current suite of mobility solutions includes mobile strategy consulting, application development and porting, usability, mobile security, mobile business intelligence and mobile testing and support for the banking, insurance, healthcare, retail, logistics and telecom industries.

About Pyxis Mobile

Pyxis Mobile provides the only mobile application platform designed for today’s constantly changing needs. Using Pyxis Mobile’s innovative platform software, companies are able to build rich native client applications that run on the most widely used smart devices including BlackBerry, iPhone, iPad, Android, and Android tablets. The Pyxis Mobile platform allows non-developers to create rich, complex mobile apps without coding, dramatically reducing the time it takes customers to build and deploy mobile applications. The platform enables customers to update applications quickly and easily (no code recompilation or redeployment is required), integrate with unlimited data sources using a plug-in-based architecture, and implement enterprise-grade security. With pricing that is transparent and scales with your mobility needs, Pyxis Mobile is able to mobilize companies of all sizes across industry verticals. For over 10 years, Pyxis Mobile has powered mobile initiatives for customers around the globe, including companies such as Halliburton, Deloitte, Thomson Reuters and Audi.

Source:http://www.marketwatch.com/story/syntel-expands-mobile-application-capabilities-with-pyxis-mobile-2011-11-09

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.

Source:http://www.marketwatch.com/story/syntel-named-a-top-50-financial-technology-provider-2010-10-26?reflink=MW_news_stmp

Syntel Inc (SYNT.O) posted a quarterly profit that beat Wall Street expectations as the IT services firm saw improving market conditions for outsourcing, but gave a weak 2010 earnings outlook.

The company forecast 2010 earnings of $2.15 to $2.45 a share, on revenue of $430 million to $460 million. Analysts were looking for earnings of $2.42 a share, excluding items, on revenue of $444.8 million, according to Thomson Reuters I/B/E/S.

The Troy, Michigan-based company, which provides low-cost business process outsourcing services from India, where most of its employees are based, said it expects demand for offshore services to continue in 2010.

“We anticipate that our clients’ budgets will remain relatively flat in 2010, however, we believe that a larger share of their spending will be allocated to offshore partners,” Chairman Bharat Desai said in a statement.

Syntel, which competes with companies like Cognizant Technology (CTSH.O) and Infosys (INFY.BO)(INFY.O), posted fourth-quarter net income of $35.8 million, or 86 cents per share, up from $26.7 million, or 64 cents per share, a year earlier.

Revenue rose 12 percent to $117.8 million.

Analysts expected earnings of 65 cents a share, excluding exceptional items, on revenue of $106.4 million.

Gross margins for the fourth quarter improved to 50.2 percent, compared with 48.3 percent in the prior-year period.

The company’s shares, which have gained about 60 percent of their value in last twelve months, were down 46 cents, or 1 percent, at $32.09 Thursday on Nasdaq.

Source:http://www.reuters.com/article/idUSSGE61A0JC20100211