Syntel Launches Pricing Services for Capital Markets

Troy, MI - 22 March 2010

New Service Offering Powered by Numerix

Syntel, Inc., (NASDAQ: SYNT) a global information technology services and Knowledge Process Outsourcing (KPO) company, today announced that it will begin providing independent pricing services to the Company’s global buy-side and sell-side clients. Syntel will utilize Numerix’s cross-asset pricing and risk analytic technology to power the new offering.

Syntel will also combine Numerix CrossAsset models and methods with its own in-house research to offer Asian credit spread data across corporate securities.

Syntel’s new service offering will deliver enhanced risk mitigation and greater transparency in pricing fixedincome securities and derivatives for its capital markets clients. In addition, Syntel’s clients will have the ability to better manage counterparty exposure and risk, accounting regulatory requirements, and risk reporting including FAS 157, FAS 133 and IAS 39 and Basel II market risk.

Numerix is a leading independent analytics provider for derivatives and structured products. Its pricing models and software solutions are utilized by global issuing institutions and are embedded in the world's most prominent trading and risk platforms.

“We selected Numerix products to fuel this new service offering based on their broad range of pricing models and methods, built-in world-class analytics and strong architecture,” said Syntel CEO and President, Prashant Ranade.

“We are pleased that Syntel selected our products as the foundation for this new service,” said Numerix President and COO, Steven R. O’Hanlon. “This relationship further validates Numerix’s commitment to providing our clients with the recognized industry standard when it comes to pricing and risk analytics.”

Syntel’s new pricing offering will complement its existing middle and back-office capital markets KPO services, which include valuation, risk and compliance, analytics and research, transfer agency, performance attribution, fund accounting, hedge fund administration and trade processing.

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