Syntel, Inc. (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) firm, today announced it has been recognized by UBM Channel as a part of CRN's 2012 Solution Provider 500 list, which ranks the top technology integrators in North America.
Formerly known as the "VAR 500", the Solution Provider 500 ranks the highest producing solution provider organizations in the IT channel from hardware sales, software sales, and managed IT services.
Syntel placed #44 in the annual revenue ranking, as compared to #46 in the 2011 edition.
According to Syntel CEO, Prashant Ranade, Syntel's 21% annual revenue increase was driven by growth in a number of key sectors.
"Our revenue growth was very broad based across services and industries, with healthcare and retail leading the way," said Ranade. "We continue to make investments in our employees, infrastructure and innovative new service offerings like cloud, mobility and analytics."
"We have a sharp focus on our customers' needs and a solid foundation for future growth, and we expect to continue to make progress in years to come."
A sample of the SP500 list will be published in print and online at CRN.com on June 25, 2012.