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Syntel Contributes to TechAmerica Foundation's CLOUD2 Commission Report(GlobeNewswire Via Acquire Media NewsEdge) TROY, Mich., July 28, 2011 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) firm, today announced that it contributed to a key report issued July 26, 2011 by the TechAmerica Foundation's Commission on the Leadership Opportunity in U.S. Deployment of the Cloud, or CLOUD². As a Commissioner appointed to CLOUD2 earlier this year, the head of Syntel's Cloud Computing Center of Excellence, Ashok Balasubramanian, participated in the working groups that formulated the report and recommendations. According to Balasubramanian, cloud technologies have the potential to make a significant positive economic impact. "To maintain our position as the world's economic and technological leader, it's critical to leverage the cloud to make American businesses and institutions more efficient, scalable and innovative," he said. "We have proposed concrete and actionable steps to increase cloud adoption, drive efficiency, foster innovation and spur economic growth." The CLOUD² report is divided into a set of recommendations in four key areas: Trust, Transnational Data Flows, Transparency and Transformation. Mr. Balasubramanian served on the CLOUD² Commission's working groups for Transnational Data Flows and Transformation. The Transnational Data Flows working group focused on establishing recommendations around business and data flow across international borders. The report recommends several actions, including implementing a technology-neutral international privacy framework, enabling lawful access to cloud data by law enforcement, and establishing best practices for forensic and e-discovery use of cloud-based data. The working group on Transformation centered its recommendations on accelerating cloud adoption. Recommendations included promoting flexible procurement practices, establishing incentives for adoption, improving the nation's broadband infrastructure, and educating users on leveraging cloud technologies. "Syntel is actively strategizing cloud adoption models with our clients, and this real-world experience was invaluable in developing the recommendations contained in the CLOUD² Report," said Balasubramanian. "To accelerate cloud adoption, Syntel's robust portfolio analysis methodology helps clients analyze their application portfolios to validate the need and scope for cloud. This type of 'hands on' education clearly identifies how best to leverage cloud within an organization." According to Phil Bond, President and CEO of TechAmerica, "Cloud computing is the latest example of how American innovation sets the pace for the world. This report examines the steps that the U.S. government must take to ensure that we keep setting the pace." The Commission is composed of 71 of the country's top experts from industry and academia who dedicated over 2,000 hours of work both in-person and in the cloud. To download the report, entitled Cloud First, Cloud Fast: Recommendations for Innovation, Leadership and Job Creation, visit www.techamericafoundation.org/cloud2. About TechAmerica Foundation TechAmerica Foundation educates industry executives, policy makers and opinion leaders on the promise of technological innovation to advance prosperity, security and the general welfare. Launched in 1981, the Foundation is a 501c(3) non-profit, non-partisan affiliate of TechAmerica, which is the leading voice and resource for the U.S. technology industry. The Foundation disseminates award-winning industry, policy and market research covering topics such as U.S. competitiveness in a global economy, innovation in government, and other areas of national interest. It also organizes conferences and seminars to explore pertinent issues with government and industry representatives and to share the Foundation's findings. Learn more about TechAmerica Foundation at www.techamericafoundation.org. About Syntel Syntel (Nasdaq:SYNT) is a leading global provider of integrated information technology and Knowledge Process Outsourcing (KPO) solutions spanning the entire lifecycle of business and information systems and processes. The Company is driven by its mission to create new opportunities for clients by harnessing the passion, talent and innovation of Syntel employees worldwide. Syntel leverages dedicated Centers of Excellence, a flexible Global Delivery Model, and a strong track record of building collaborative client partnerships to create sustainable business advantage for Global 2000 organizations. Syntel is assessed at SEI CMMi Level 5, and is ISO 27001 and ISO 9001:2008 certified. As of June 30, 2011, Syntel employed more than 18,000 people worldwide. To learn more, visit us at: www.syntelinc.com. Safe Harbor Provision This news release includes forward-looking statements, including those with respect to the future level of business for Syntel, Inc. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2010, the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2011, or from other factors not currently anticipated. CONTACT: Jon Luebke 248/619-3503 [email protected] Source: Syntel, Inc. 2011 GlobeNewswire, Inc. |