| [October 15, 2008] |
 |
Syntel Integrates Relativity Technologies' Modernization Workbench(R) Platform into Application Maintenance and Migration Practices
TROY, Mich. --(Business Wire)-- Syntel, Inc., a global information technology services and Knowledge Process Outsourcing (KPO) company, today announced that it has selected Relativity Technologies' Modernization Workbench(R) platform to support its rapidly growing application maintenance and migration practices.
Market pressures demand that companies stay agile in the face of an increasingly competitive global economy, but many core application portfolios are inflexible and inefficient, which hampers an organization's ability to adapt. A successful modernization effort requires first gathering a great deal of intelligence on the application portfolio.
A recent report by Forrester noted that "emerging application management disciplines such as application portfolio management (APM), application dependency mapping (ADM), and other portfolio disciplines are changing the way CIOs think about applications under maintenance and all work done in IT." The report continued, stating that "...increasingly, corporate management is tapping information to help distinguish the applications that should be kept and modernized from those that must be replaced and retired." (Develop Metrics Thoughtfully To Streamline Application Portfolios Successfully, Forrester Research, Inc., July 2008).
In order to help its customers make these difficult decisions, Syntel has integrated Relativity Technologies' Modernization Workbench into its Application Maintenance and Migration Centers of Excellence.
The Modernization Workbench is a market-leading suite of applications that analyzes a diverse array of legacy mainframe, mid-range and distributed applications and captures application data and business rules in a centralized repository. It generates rich technical and business intelligence about clients' application portfolios, which can be used to gain an insight into how well an organization's systems align with their business goals, enhancing Syntel's ability to deliver efficiency to clients' core business processes.
Syntel has successfully migrated the core operations of numerous Fortune 500 companies to more efficient architectures, and the Modernization Workbench promises to accelerate future initiatives by discovering, isolating, and reusing mission-critical business processes within a service-oriented architecture.
"We believe enterprises today understand that a legacy modernization strategy is crucial for maximizing the value of their investment. Application modernization can significantly reduce the total cost of ownership and align IT investments with business imperatives," said Keshav Murugesh, Syntel President and COO.
"After an intense, ROI-focused evaluation, we decided to standardize our migration framework on the Modernization Workbench. Syntel is pleased to partner with Relativity Technologies, and we look forward to expanding our deployment of this technology," said Murugesh.
"Syntel's adoption of the Modernization Workbench is a major validation of our technology," said Steve Maysonave, Chairman, President, and CEO of Relativity Technologies. "Our combined solution amounts to business intelligence for application portfolios, and enables outsourcers and clients to collaboratively address core business challenges. The result is an application warehouse that improves IT governance, efficiency and alignment with strategic goals like agility, security, and regulatory compliance."
About Relativity Technologies, Inc.
Relativity Technologies' software generates business intelligence about application portfolios. Over 400 organizations--including seven of the ten largest financial services providers--have used the Modernization Workbench(R) platform to govern and modernize their core applications to better address critical business priorities. The platform delivers this value by enabling organizations to understand, manage, modernize, and maintain applications throughout the enterprise. For more information, please visit http://www.relativity.com.
About Syntel
Syntel (NASDAQ: SYNT) is a leading global provider of integrated information technology and Knowledge Process Outsourcing (KPO) solutions. The Company's mission is to create new opportunities for its clients by harnessing the passion, talent and innovation of Syntel employees worldwide. It leverages dedicated vertical and service Centers of Excellence along with its flexible Global Delivery Model to deliver solutions that drive innovation, improve quality and reduce costs for Global 2000 customers in the Financial Services, Insurance, Healthcare/Life Sciences, Telecom, Retail, Aerospace, Manufacturing, and Automotive industries. In addition to vertical-focused units, the company has established Centers of Excellence for Testing, Migration, and Demand Management. Recognized by customers to be "Small enough to listen, Big enough to deliver.(TM)" for its responsiveness and ability to build collaborative partnerships, the Company is known for solutions that deliver sustainable business advantage. Recently named to The Black Book of Outsourcing's "50 Best Managed Global Outsourcing Vendors" list, Syntel has over 12,000 employees worldwide, is assessed at Level 5 of the SEI's CMMI, ISO 27001 as well as ISO 9001:2000 certified. To learn more, visit us at www.syntelinc.com.
[ Back To TMCnet.com's Homepage ]
|
INDUSTRIES
Activate Email 
Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO East, January 20-22, 2010. Miami, FL.
