Syntel Bolsters Legacy Modernization Capabilities with Hatha Systems' Solutions

Troy, MI - 14 January 2013

Syntel, Inc. (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) firm, today announced it has signed a joint delivery partnership with Hatha Systems, a leading provider of international standards based application modernization and sustainment solutions.

Under the terms of the partnership, Syntel will leverage Hatha Systems' Knowledge Refinery® solution to strengthen its legacy modernization capabilities, as well as implement and adopt new modernization techniques for use in ongoing application development and maintenance projects.

According to Syntel CEO and President, Prashant Ranade, legacy modernization is a key focus area for clients with large legacy portfolios.

"Many of our clients are looking to upgrade their legacy IT platforms to flexible modern systems in order to improve customer service and business performance, as well as reduce legacy system costs," said Ranade. "By implementing solutions from Hatha Systems, we are able to offer our clients a robust, automated approach to legacy system modernization that is unique in the marketplace."

"We are pleased to welcome Syntel as a Hatha Systems implementation partner," said Rama Moorthy, CEO of Hatha Systems. "Syntel has a strong track record of delivering value and business performance to their clients, and we feel that our Knowledge Refinery® modernization solution will complement their existing suite of legacy system offerings."

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