- Business
- Syntel, Inc. was once recognized as a global provider of integrated information technology and knowledge process services, offering comprehensive solutions across the business, information systems, and process lifecycles. Founded in 1980, the company built a strong reputation for its digital transformation capabilities, particularly in application outsourcing, business process outsourcing, and e-business services. Syntel was particularly adept at serving clients in the banking and financial services, healthcare, retail, and insurance sectors. Its distinct approach included a "Customer for Life" philosophy and the utilization of a global delivery model, enhanced by specialized Centers of Excellence. A significant strategic development occurred in October 2018 when Syntel was acquired by the French IT services giant Atos SE in an all-cash transaction valued at approximately $3.4 billion. Following this acquisition, Syntel ceased independent trading on NASDAQ, becoming a wholly-owned subsidiary initially operating as Atos Syntel within Atos’ Business & Platform Solutions division. The integration bolstered Atos' presence in the North American market and augmented its digital service offerings, particularly in areas like intelligent automation through platforms such as SyntBots, cloud computing, continuous testing, and legacy modernization. The former Syntel operations are now fully dissolved and integrated into Atos, contributing to its broader portfolio of IT consulting and outsourcing services.