Syntel and Borland Improve Productivity and Manageability of Offshore IT Services

SAN JOSE, Calif. (BorCon 2004) - Sep 13, 2004 : Syntel (NASDAQ: SYNT), a global applications outsourcing and eBusiness firm, today announced a strategic relationship with Borland Software Corporation (NASDAQ: NM: BORL) that will combine the benefits of Borland’s best-in-class software delivery solutions with Syntel’s Global Delivery Model for successfully managing and servicing offshore IT projects. Syntel, which has more than 4,200 professionals in 26 offices worldwide, will train and certify a team of experts to build and deploy software based on Borland’s leading platform independent solutions – products that help manage the entire application lifecycle across distributed development environments.

The relationship should provide Syntel clients with improved productivity and manageability over their software investments, allowing them to reap the benefits of a global sourcing model and quickly adapt to constantly evolving business processes and technologies. In addition, Syntel’s expertise and Borland’s platform-independent solutions are designed to allow enterprises of all sizes to move into Web-based computing while continuing to leverage the benefits of legacy systems.

“There is great synergy between Borland’s products and Syntel's services. We not only share a common client base but both have a proven track record in delivering sustained customer value for more than 20 years,” said Andy Sivaraman, vice president of strategic programs and alliances for Syntel.

“With spending on outsourced IT services expected to surpass $20 billion by 2007 ¹, it is no surprise that clients are looking to proven solutions and methodologies that will help them better manage a distributed development process,” said Miles Mahoney, vice president of worldwide strategic alliances at Borland. “Syntel has earned a reputation among Global 1000 companies as one of the top companies in offshore delivery today. We are pleased to add a leader like this to Borland’s strong and growing partner program.”

As a member of Borland’s Strategic Alliance Partner program, Syntel will have access to Borland’s complete line of software development and delivery solutions, access to clients and a knowledge base of best practices and processes, as well as certification and training programs. Borland in turn will have greater visibility among Sytnel’s global client base, which includes some of the leading names in the automotive, insurance, financial services, retail and healthcare industries.

About Borland

Founded in 1983, Borland Software Corporation (NASDAQ: BORL) is the global leader in platform independent solutions for software delivery optimization. The company provides the software and services that align the teams, technology and processes required to maximize the business value of software. To learn more about delivering quality software, on time and within budget, visit: http://www.borland.com.

About Syntel, Inc.

Syntel (Nasdaq: SYNT) is a leading global provider of custom outsourcing solutions in a broad spectrum of information technology and information technology-enabled services. The Company's vertical practices support the entire Design-Build-Operate-Optimize lifecycle of systems and processes for corporations in the Financial Services, Insurance, Retail, Health Care and Automotive industries. The first US-based firm to launch a Global Delivery Service to drive speed-to-market and quality advantages for its customers, Syntel now leverages this efficient model for the majority of its Global 2000 customers. Recently named one of Forbes Magazine's "Best 200 Small Companies in America," Syntel has more than 4,200 employees worldwide, is assessed at Level 5 of the SEI's CMM and is ISO 9001:2000 certified. To learn more, visit us at: www.syntelinc.com.

All Borland brand and product names are service marks, trademarks or registered trademarks of Borland Software Corporation in the United States and other countries.

Safe Harbor Provision

This news release includes “forward-looking statements” as defined under the U.S. federal securities laws and in subject to the safe harbors created by such laws. Forward-looking statements include, but are not limited to, statements regarding the training and adoption of Borland’s products by Syntel teams, the projected acceptance by existing or potential customers of the combined Borland/Syntel offering, the benefits to be derived by customers from utilizing the combination of Borland’s solutions and Syntel’s services, and the benefits to be derived by Borland and Syntel, respectively, from their strategic relationship. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements. Factors that could cause results to differ materially from those set forth above include, but are not limited to, general trends and developments in the information technology industry that could adversely affect the demand for Borland products or Syntel services, shifts in customer demand, shifts in strategic relationships, software errors, Syntel’s concentration of sales in a relatively small number of large customers, intense competition in the information technology industry, and delays in the ability of Borland to deliver its solutions or Syntel to deliver its services to customers. These and other risks may be detailed from time to time in the periodic reports of Borland and Syntel filed with the Securities and Exchange Commission, including, but not limited to, the latest Annual Report on Form 10-K and latest Quarterly Report on Form 10-Q, copies of which may be obtained from www.sec.gov. Borland is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

¹Gartner, “Global Offshore Sourcing Predictions”, June 28, 2004