TROY, Mich. – 31 August 2009 – Syntel, a global information technology services and Knowledge Process Outsourcing (KPO) firm, today announced that it has formed a strategic alliance with Norkom Technologies to provide financial crime and compliance software solutions to the financial services industry.

As a Norkom Integration Partner, Syntel will implement Norkom products for clients and also integrate them into its own risk and compliance solutions. This includes Anti-Money Laundering, Multi-Channel Fraud detection,  Enterprise Investigation Management, Watch List Management, Customer Due Diligence, Identity Resolution and Link Analysis solutions that span the full life cycle of financial crime and compliance – detect, investigate, manage, respond, recover, and report.

“Norkom’s products align with our suite of compliance services, and together they provide customers with powerful tools to detect and combat financial crime such as fraud and money laundering,” said Keshav Murugesh, Syntel’s CEO and President. “As financial institutions reach a larger and more diverse global client base, it becomes increasingly important for them to ensure attention to the full life cycle to ensure regulatory compliance and limit fraud-related losses.”

“We are extremely pleased to partner with Syntel,” said Joe Friscia, Norkom’s General Manager and EVP of the Americas. “Syntel has an outstanding track record delivering quality solutions to their customers leveraging their deep knowledge of risk and compliance operations.  We look forward to working with them to seamlessly integrate our products into customer environments as we continue to build our business globally.”

Syntel delivers a comprehensive suite of IT and KPO services to Fortune 500 financial services firms, and its clients span the capital markets, banking, financial services, medical banking, investment banking, and cards and payments areas.

In addition to product implementation, Syntel’s compliance solutions include diagnostic study, Business Line Mapping with Validation, Risk Control Self Assessment (RCSA) Evaluators, Risk Pointer, Loss Event Compiler Database, and Risk Report Repository.

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. Recently named one of the "50 Best Managed Global Outsourcing Vendors" by The Black Book of Outsourcing, Syntel is assessed at SEI CMMi Level 5, and is ISO 27001 and ISO 9001:2000 certified. As of June 30, 2009, Syntel employed more than 11,300 people worldwide.  To learn more, visit us at: www.syntelinc.com.

About Norkom Technologies

Established in 1998, Norkom Technologies (AIM: NORK.L, IEX: NORK.IE) enables financial organizations to take intelligent action, control defenses, and evolve strategies against fraud, money laundering, and other types of financial crime. By combining a unique investigative technology platform with deep domain expertise, Norkom has established a solid track record of reducing financial losses, protecting users’ reputations, improving operational efficiencies, and lowering the cost of information technology.

Norkom serves clients in over 100 countries across four continents including HSBC, Banco Santander, Bank of Montreal, Credit Agricole, DnB NOR, Dubai Islamic Bank and Standard Chartered Bank. To learn more, visit www.norkom.com.

Safe Harbor Provision

This news release includes forward-looking statements, including 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 Form 10-K document dated March 12, 2009 and the Company’s Quarterly Report on Form 10-Q for the period ending March 31, 2009.

Contact:

Syntel – Jon Luebke, 248/619-3503, jon_luebke@syntelinc.com

Norkom Technologies – Fiona Mcloughlin, 00353 1 873 9600, fiona.mcloughlin@norkom.com