Synechron adds more to its dynamic growth story as the headcount reaches 3000+ in November 2011. The company's accelerated growth, propelled by new client wins in the BFSI and Digital Media & Technology domains, has scaled up business operations and prompted the organization to increase the talent pool across all its global locations. The 3000+ headcount is in line with Synechron’s strategic expansion plan and also to support its 24x7 SDC (Strategic Development Center) model, which significantly enhances service delivery capabilities.

Absorbing new talent on a global scale has strengthened Synechron's technology capabilities and has enabled it to become more agile towards client needs. With the wide spectrum of services offered, the strategic growth plan has enabled the organization to deliver high quality and domain focused business technology solutions & services to its clients.

Having started operations with a seven member team in 2001, Synechron has consistently set new benchmarks in the industry. In the last 10 years, the company has witnessed holistic growth in every aspect and has been featured in the Dataquest 'Top 20 Best IT Employers' survey for 5 consecutive years. This year, Synechron once again moves up the ladder by registering exponential growth, even when the global economy is experiencing a slowdown.

Synechron firmly believes in investing in people and will continue acquiring global talent to drive future growth and deliver high-end technology solutions & services to its clients.

Synechron has been ranked 11th in the Dataquest (DQ) Best IT Employers Survey 2011. With the announcement of this year's results, Synechron has now made it to the elite list of companies that have been featured amongst the Top 15 Best Employers for 5 consecutive years.

The annual DQ-CMR Best Employers Survey involves a comprehensive study of the country's best IT companies and showcases the Top 20 IT/ITeS firms based on an Employee Perception Survey and overall HR Scores. The final ranking is based on a number of organizational parameters such as salary, employee strength, retention rate, gender inclusivity, appraisal system, training programs, job content, growth opportunities and managing the slowdown. Data on these parameters is collected from a variety of sources, including a detailed set of survey forms, a large scale Employee Perception survey as well as telephonic interviews with senior personnel of each organization.

Key parameters where Synechron outshone the competition include – being among the top ten list of preferred employers; "Dream Companies to Work In"; and companies that have effectively managed slowdown.Other significant factors include a robust organizational structure, consistent performance by the HR department, increasingly high number of onsite opportunities provided to employees across levels and functions, low attrition and high retention rate, industry leading compensation packages, a flexible appraisal structure, a management-initiated transparent and open culture, a very high employee satisfaction level and healthy gender inclusivity.

Synechron has recently won a new client in the US within the BFSI & Healthcare domain. The engagement is with a leading provider of financial solutions with expertise in areas such as working capital financing, debt consolidation loans, equipment financing, expansion and improvement loans and practice acquisition loans. The client caters primarily to the financial needs of healthcare professionals and offers them the best financial solutions in the industry.

The engagement currently focuses on a number of key technology assignments involving design, development, entity mapping and development/customization of special functionalities for the client's existing CRM system. Synechron will leverage its expertise in MS Dynamics CRM 2011 to offer high end, consultative architecture design and development work geared towards optimizing the client's current workflow. Other projects in the pipeline include development of an Auction/Membership Portal, CMS development, and assignments in the areas of integration and BPM.

Synechron has recently won several new projects with a number of prominent names from the digital marketing and advertising domain. Key engagements in the US include projects with a leading worldwide multichannel marketing agency that has chosen Synechron for critical technology assignments including QA and production support. In another such engagement, a leading full service digital agency has chosen Synechron to assist them with their various deliverables that comprise of everything from strategy, creative, and analytics services to user experience, multi-platform (web, mobile, social, gaming) development, paid media, search, social media and eCRM services. Other key engagements in the US include a technology project for a mobile search and advertising solutions provider, CMS based web development projects, and an application portal architecture project.

Synechron has recently won a new client in the US within the Capital Markets domain. The engagement is with a leading trading and investment firm focused on client and proprietary capital management. The client leverages its expertise in global macro hedge fund strategies and other alternative investment disciplines to manage trade in a variety of global markets and instruments.

Synechron was chosen as the preferred IT solutions & services provider based on its experience and expertise in the Capital Markets domain, especially in areas such as Enterprise Architecture Integration. The engagement will require Synechron to analyze client requirements and provide high-end architecture services related to the development of the client's data repository for master data, trades, transactions & positions for their trading platforms.

Synechron has recently won new clients in the US within the Digital Media and Creative Services domain. The first of these engagements is with a full-service media specialist company that focuses on providing innovative, strategic and progressive digital solutions to its marketing partners. The engagement will require Synechron to play the role of a dedicated production partner and work exclusively on a variety of design & development assignments for several of the client's marketing partners.

The second engagement is with a start-up, providing niche internet-based services that enable users to keep track of their shopping spends and get discounts and other promotional offers based on their shopping history. The engagement will entail a string of design and development assignments including mobile application development. The client will also leverage Synechron’s BPO / KPO expertise for some of its critical back office processes.

Synechron announced today that it has won a new account in the Digital Media and Technology domain. The engagement is with a niche marketing and technology agency that leverages creativity and critical insights to evolve effective and sustainable solutions for business problems. This agency works with some of the world's best companies to offer customized services that enable their brands to define and execute digital strategies. The engagement will involve a variety of projects including web development and implementation of a number of interactive rich-media initiatives.

Synechron has recently won new accounts in the US within the Mortgage Banking and Insurance domains. The first of these engagements is with a leading integrated residential mortgage investment and servicing company focused on credit-sensitive and servicing-intensive mortgage assets. The client invests in and services a broad range of mortgage assets including loan pools, servicing rights, securities, and related assets while utilizing its integrated servicing capabilities to manage those assets. Synechron has been chosen by the client to address a variety of technology needs in the Business Intelligence and Data Warehousing domain.

Synechron has also been chosen as a strategic IT services and solutions provider by a California based specialty Insurance provider focused on Personal and Commercial lines in niche areas such as competitive sports insurance. The client will leverage Synechron's extensive experience in the Insurance domain towards the design and development of a number of mission-critical web enabled enterprise applications and content management systems.

Synechron has recently won new accounts in the US within the Capital Markets and the Digital Media and Technology domains. The first of these engagements is with a niche, New York based hedge fund that invests in global public equity and fixed income markets. The firm’s strategic investments are focused on businesses that are undergoing corporate restructuring including mergers; spin-offs; liquidation; and recapitalization. Synechron will leverage its expertise in the Capital Markets domain to deliver a variety of services including application development and production support, centric to the firm’s trading systems.

Synechron has also been chosen by a leading Connecticut based social-lifestyle portal that focuses on providing healthcare related information to users. This engagement will initially focus on internet based development projects and later encompass core design and development projects involving open-source Content Management Systems.

Synechron has been ranked as one of the Top 10 Best IT Employers in India for the 4th consecutive year in the 2010 edition of the Dataquest-IDC Best IT Employers Survey.

The annual DQ-IDC Best Employers Survey involves a comprehensive study of some of the best IT companies in the country and showcases the Top 20 IT/ITeS firms based on an Employee Perception Survey and overall HR Scores. The final ranking is based on a number of organizational parameters such as salary, work culture, gender inclusivity, appraisal system, training programs, job content and growth opportunities provided. Data pertaining to these parameters is gathered from disparate sources that include questionnaires, survey forms, and information gleaned from telephonic interviews with senior management personnel.

Key parameters where Synechron surpassed the competition include – a significantly high number of onsite opportunities provided to employees across levels and functions, industry leading compensation packages, a robust appraisal structure, a healthy level of gender inclusivity and the transparent and open culture infused by the management.

Synechron holds the unique distinction of being one of the very few companies across the industry to feature amongst the list of Top 10 Best employers for four consecutive years. This is a significant achievement in itself, especially considering the recent recessionary conditions when organizations were faced with multiple challenges on the resource management front. Synechron’s recognition as an emerging force in the industry was also lent credence to by the fact that it was voted one of the "Top 10 Dream Companies to Work In" by employees of other IT organizations.

Synechron announced today that it has established a new office in Canada.

The office, based in Toronto, Ontario, will enable Synechron to consolidate its current operations in the country and diversify further into the fast growing Canadian IT/ITeS market. This move is in keeping with Synechron’s continued focus on strategic geographical expansion and diversification.

The new subsidiary will operate as a sales and administrative office and will gradually evolve into a full-fledged Delivery Center to cater to the needs of local clients. To spearhead its operations in the new market, Synechron has also bolstered its senior management presence in the region, having recently appointed a Country Head to lead operations.

Synechron has already established its presence in Canada with several technology engagements within the BFSI domain. Clients include a leading, federally-chartered Canadian P&C Insurance provider for whom Synechron has been engaged to execute a number of key technology initiatives such as redesign of their flagship online product as well as engagements in the Data Warehousing and QA/QC domain areas. Synechron has also been engaged by one of Canada’s largest financial institutions (both in terms of Retail and Wholesale Banking) to deliver mission critical projects in areas such as Business Analysis & Documentation and Enterprise Architecture Design.

Synechron announced today that it has inaugurated its new regional office in Dubai Media City. This move is in keeping with Synechron’s strategic focus on growing its presence in the region. The new regional office will operate as a sales office as well as a full-fledged, near shore delivery center, adding ever increasing value to its clients.

Located in the world-class Dubai Media City complex, the new office will hold significant strategic value for Synechron as it embeds the company in the midst of a global media hub wherein numerous media-related global businesses work in synergy to drive the fast growing Digital Media & Technology domain in the region.

Over the last few years, Synechron has partnered with a number of leading names from both the Banking & Digital Media domains to deliver a gamut of IT solutions & services, ranging from application development / maintenance, to extensive work on the Rich Media & Creative Services side via Synechron's specialized division, SyneStudio (www.synestudio.com). SyneStudio's portfolio of service offerings to clients from this region includes customized website design & development, Rich Media Development (banner ads, micro-sites etc), Mobile Application Development (including the highly specialized domain of Augmented Reality applications), Social Media Application development as well as Flash games for websites and mobile devices.

Synechron expects its new Office in Dubai Media City to enable it to provide a more holistic range of services to its existing and new clientele, thereby serving as a fulcrum for growth and development in this region.

Synechron announced today that Paolo Pelizzoli has joined the company as Director – Technology & Messaging Services.

A multi-faceted IT professional and entrepreneur with over 25 years of experience, Paolo possesses extensive expertise in spearheading technology initiatives with global majors in the Banking and Financial Services domain. He specializes in the development and application of innovative, industry-leading solutions to address complex, enterprise wide problems with a specific focus on maintaining architectural flexibility while optimizing system performance.

Most recently, Paolo held the position of MD of Advanced Technology at Adaptivity, before which he served as the CTO at TIBCO Software. Prior to this, he held key positions with Merrill Lynch, JP Morgan and New Era of Networks (NEON), where he enabled establishment of the Finance & Commercial division. Paolo also brings to the fore a strong entrepreneurial and consultative background, with previous experience setting up Global Integration Technology (Glintech), a firm specializing in servicing clients from the Financial Services industry with a specific focus on Advisory and Integration services. In addition, he holds a patent in Messaging based upon a Distributed Queuing Paradigm.

In his new role as Director of Technology & Messaging Services at Synechron, Paolo will lead key strategic client engagements with a specific focus on Enterprise Architecture, SOA/CEP/BPM, Integration Strategies, Messaging, Master Data Management, CIO/DIO Advisory Services and the implementation of niche, high-end Financial technology tools and platforms.

Leading Canadian P&C Insurance Provider engages Synechron for multiple technology assignments

Synechron announced today that it has been chosen as a technology partner by a federally chartered Canada-based Property & Casualty Insurance provider. The client, with operations in Alberta & British Columbia, is a subsidiary of a major bank, one of Canada's largest in terms of assets. The client offers home and auto insurance solutions in addition to travel insurance products. This engagement is in keeping with Synechron’s increased strategic focus on diversification into new geographies.

The client will leverage Synechron's extensive experience on a number of critical assignments. These will include front-end redesign of their flagship online products, project initiatives in the Data Warehousing & Reporting/Analytics domain and QA/QC assignments on core Web applications.

Synechron has entered into a partnership with Syncfusion, a leading provider of enterprise-class software components and tools for the .NET platform, to utilize Syncfusion's products. Synechron will leverage Syncfusion's Essential Studio product suite for specific client engagements to develop and implement professional, rich user interfaces in complex applications, resulting in more user-friendly and intuitive portal development, in addition to providing cutting-edge business intelligence and reporting functionalities. Synechron will deliver Syncfusion's enterprise offerings across its key verticals of Capital Markets, Insurance, Mortgage Banking, and Digital Media & Technology.

Speaking on the occasion, Faisal Husain, CEO of Synechron said, "This partnership with Syncfusion synergizes well with our core set of domain practice offerings and will enable us to deliver an enhanced level of service to our clients, both in strategic consulting and technical support. It will also augment our flexibility in development services and solutions, and deliver an added dimension of value to our client engagements."

"Synechron is experiencing exponential growth, and we are pleased to be partnering with them to introduce our UI, reporting, and business intelligence tools to an expanding, diverse client base," said Daniel Jebaraj, Vice President of Syncfusion.

Synechron announced today that it has won new accounts in the US geography with niche players within the Capital Markets domain. The first of these engagements is with a firm headquartered in Massachusetts, specializing in providing education in the field of alternate investments. The client plays an active role in defining and maintaining professional standards within this particular investment segment, and will leverage Synechron’s extensive experience and expertise in the QA domain on multiple projects to deliver services across the entire software testing lifecycle.

Synechron has also been chosen by a leading Chicago based, futures industry brokerage group that specializes in developing high performance trading software, managed futures and systems trading. Synechron will work on a complex portal engineering project involving the development of multiple web based applications in portlet form, that would then be provided for use in real time to other online trading services.

Synechron announced today that it has been chosen as a technology partner by a leading Pennsylvania based Insurance Underwriting firm. The client is a multi-service insurance provider, specializing in the underwriting, risk control & management, claims, and actuarial domains. The client operates in multiple lines of business such as Property & Casualty, Worker’s Compensation, and Specialty Insurance.

The client will leverage Synechron’s extensive experience in the development of high-end insurance applications to create their own Assessment Management System. This new system will automate and significantly streamline the client’s existing Prospect Assessment process workflow. In addition, Synechron will also build custom reporting & analytics functionalities into the application, enabling the client to access and leverage real time business intelligence, thereby facilitating faster and more efficient decision making.

Projects on the anvil include development of a comprehensive Revenue Management System & establishment of electronic broker interfaces for the client’s niche Child Care Commercial Insurance line of business.

Synechron announced today that it has signed several new projects with a number of prominent names from the Digital Media and Creative Services domain, across the US, UK and Middle East. This is in keeping with the company’s strategy of vertical (industry-wise) and geographical diversification. Synechron primarily focuses on the Banking and Financial Services segment, with additional niche focus on the Digital Media & Technology domain.

An interactive technology and design firm based in the US has partnered with Synechron to support the portal development needs of one of their leading clients. New engagements in the UK region include a partnership with an Digital Media company for website re-engineering and maintenance projects. Synechron’s expertise in the Quality Assurance domain has also been leveraged by a leading UK based e-Commerce website design and interactive agency.

In addition, Synechron was chosen recently as a technology partner by a Dubai based advertising agency to develop and deploy a number of interactive rich-media initiatives for their client. This particular engagement is in keeping with Synechron’s strategic objective of diversifying further into the Gulf market.

Synechron ranked amongst the Top 10 Best IT Employers for 3rd consecutive year

Synechron announced today that it has been ranked as one of the Top 10 Best IT Employers in India for the 3rd consecutive year in the 2009 edition of the Dataquest-IDC Best IT Employers Survey.

Conducted annually, the DQ-IDC Best IT Employer Survey carries out a comprehensive analysis of some of the most reputed IT companies (both hardware & software) in India. The final ranking is based on a number of organizational parameters such as salary, work culture, appraisal system, training programs, job content and growth opportunities provided. Data on these parameters is collected from a variety of sources, including a detailed set of survey forms, a large scale Employee Perception survey as well as telephonic interviews with senior personnel of each organization.

Synechron is one of only 5 companies across the industry to feature amongst the list of Top 10 Best employers for the 3rd consecutive year.

A few well known companies did not participate in the survey this year as they were cautious about employee perceptions in the wake of negative sentiments related to pay cuts, mass layoffs and other forms of acute austerity measures. Synechron, on the other hand, has maintained a positive, balanced and dynamically oriented approach on this front.

From a growth perspective, Synechron continues to be in aggressive recruitment mode and is actively hiring the best talent available in the market.

To view the online coverage on the Dataquest Best Employer website, click here

Synechron announced today that it has established two new subsidiaries in the Far East to augment its operations in Japan and in Singapore. This move is aimed at establishing a stronger foothold in the region, in synergy with Synechron’s ongoing strategic focus on geographical diversification & expansion.

Established to cater to clientele primarily from the BFSI and Digital Media domains within the region, the two entities will evolve over time to serve as full fledged "Same-Shore Delivery Centers", enabling clients to optimally leverage Synechron’s range of capabilities. They will also serve as sales offices to address the rapidly growing IT services market in the South East Asian region.

Synechron will offer its full gamut of onsite as well as offshore-based IT services and solutions, and will also aim to address niche areas such as Remote Infrastructure Management, high-end Business Consulting as well as the customization and implementation of packaged, off-the-shelf software.

Faisal Husain, CEO, Synechron, was recently selected as a finalist at the prestigious Ernst & Young "Entrepreneur of the Year" Awards, out of a large field of contenders. The award recognizes exemplary work done by entrepreneurs in areas such as process innovation, new technology implementation, financial management and business expansion. The panel of judges comprised of prominent names from the IT, Telecommunications, Banking & Finance and other allied industries.

One of the world's most prestigious awards for businessmen, the Ernst & Young's Entrepreneur of the Year Award seeks to encourage entrepreneurial activity and recognize highly committed and successful business leaders who inspire others with their great visionary and leadership skills. The award program now covers 135 cities in 50 countries throughout the world.

A New Jersey weekly recently carried a special feature on the Entrepreneur of the Year awards.

This plaudit is another addition to Synechron's achievements over the past few years. The company has been recognized as one of the fastest growing IT Solutions & Services companies in the US and India by a number of renowned surveys and rating agencies. It was also rated as one of the Best IT Employers in India in 2006 and 2007.

To learn more about the many Awards & Recognitions won by Synechron in the past click here.

Synechron formally announced today that it has reacquired Trimity Studios, its high-end 3D Creative Division that was spun off as a separate business entity in mid 2006. This move is aimed at diversifying the range of service offerings currently offered to the existing clientele of both organizations. As a result of this reacquisition, all of Trimity’s assets & resources will be merged with Synechron. Over the past 3 years, Trimity Studios as well as Synechron have witnessed significant growth, adding a large number of new customers to their existing clientele. With both firms acting as an high-end "extended-arms" of their client's operations-and not merely as service providers, this move sets the stage for provision of a wider array of services to clients of both companies.

The reacquisition will enable Trimity Studios to offer traditional IT services such as application development, re-engineering, and maintenance & support to its clients in addition to its core 2D/3D design and modeling services. In turn, Synechron’s clients in the Digital Media & Technology space will benefit from the amalgamation of Trimity’s high-end resource pool and service capabilities, making this move highly strategic & synergistic.

Trimity Studios will continue to service its clients, providing its core range of services focused on Creative Production – spanning 3D Modeling & Texturing, Animations, CAD Data Conversion, Online 3D Interactive Tours, Product Prototyping, Architectural Walkthroughs and Game Development Assets. In addition, under the Synechron aegis, Trimity will now have the ability to deliver to its clients a spectrum of value added services such as Technical Engineering, RIM (Remote Infrastructure Management) & Back-Office processing services.

For more details about Synechron, please visit www.synechron.com

For more details about Trimity Studios, please visit www.trimitystudios.com

In keeping with its expansion plans on the Remote Infrastructure Management front, Synechron recently inaugurated its first dedicated, state-of-the-art Network Operations Center (NOC) at one of its Global Delivery Centers in Pune. The new center has been setup to consolidate the numerous ongoing NOC operations at Synechron in a world-class ergonomically built facility.

All ongoing monitoring & maintenance operations for various clients at Synechron were seamlessly transitioned to the new facility with minimal support downtime or system outages, which ensured that all process were carried on uninterrupted. The new center is designed and built to replicate some of the world’s leading NOCs, equipped with state-of-the-art technology that streams in real-time data on the status of the servers, applications and databases being monitored.

Some of the clients serviced by the NOC include a leading provider of Internet-based digital Advertising and one of the largest telecom providers in the Netherlands. Services provided under the scope of the NOC include System Administration for Windows/Linux environments and Database Administration. Synechron has also developed custom dashboards and GUIs that monitor critical component processes of various client applications in real-time.

Plans on the anvil include expansion of the NOC activities to include additional Remote Infrastructure Management clients from the Insurance and Digital Media domains.

Synechron has entered into a long term engagement to provide a leading US/UK insurance service provider in the Specialty segment with comprehensive development and re-engineering services. These technology initiatives are targeted at optimization of their mission critical enterprise application systems including their Policy Administration and Deal & Risk Management systems and involve redesign of their Application and Data Architecture.

The client provides a wide range of niche and specialty insurance and reinsurance products for corporations, public entities, property and casualty insurers and life and health insurers.

The scope of engagement also includes the design and implementation of a QA Automation Framework solution and integration of the same with the client’s existing Enterprise Risk Management System.

Plans on the anvil include extension of the engagement into other areas such as high-end business consulting as well as knowledge intensive back office services.

Synechron ranked amongst the Top 6 Fastest Growing Companies in the NJBiz Fast 50 Survey

Synechron has been recognized as one of the Top 6 Fastest Growing Companies across all business verticals in the NJBiz Fifty Fastest Growing Companies survey. NJBiz, one of New Jersey’s leading statewide business newspapers, conducts the survey annually which acknowledges and honors the top fifty business that have made significant contributions to the growth, strength and success of New Jersey.

Profit-oriented companies headquartered in New Jersey with a minimum operating revenue of $500,000 in each of the fiscal years ending 2005, 2006, and 2007 were eligible for the survey. Both dollar and percentage increases were taken into consideration for the rankings. Based on its dynamic year-on-year growth, in spite of the ongoing recession, Synechron made an impressive debut in the survey, ranking 6th among the top 50 fastest growing companies across all industries.

Synechron has maintained a near 100% year-on-year revenue growth since inception in 2001. This has resulted in it being featured in several prominent surveys. This year, Synechron was featured for the second consecutive year in the annual INC 500 List of Fastest Growing SMEs in the US as well as the Deloitte Fast 500, where it ranked amongst the Top 150 companies in the US.

For more information on Synechron’s recent Awards and Recognition, please visit

Awards and Recognition

Synechron has been featured as one of the fastest growing technology companies in the New York/New Jersey/Connecticut region by Deloitte in the annual Technology Fast 50 Survey for the tri-state region. The Deloitte Technology Fast 50 ranks technology, media, telecommunications and life sciences companies headquartered in the three states by simple percentage revenue growth over five years ('2003' to '2007'). With a growth percentage of 1,372.41%, Synechron ranked at #27 in the list of the 50 fastest growing companies, its debut in the survey.

Over the course of 2008, Synechron has featured prominently in a number of surveys including the 'Inc 500 List of Fastest Growing SMEs in the US' for the second consecutive year and NJBiz Magazine's 'Fifty Fastest Growing Companies' survey. Synechron was also ranked as one of the Top 10 Best IT Employers in India for the second consecutive year in the annual Dataquest-IDC Best Employers Survey.

For more information on Synechron’s recent Awards and Recognition, please visit

Awards and Recognition

Synechron, a US-based, high-end software solutions and services provider focusing on the Capital Markets, Insurance, Mortgage Banking & Digital Media verticals, today formally announced the acquisition of SysCore Solutions, an enterprise technology strategy & data architecture consulting firm with presence in New York and London, UK

SysCore Solutions specializes in enterprise-class architecture & integration solutions coupled with niche consultancy and strategic advisory services to some of the biggest names in the Investment Banking, Insurance and other segments, with a client list that includes Citigroup, Goldman Sachs, ING Baring, JP Morgan Chase, Aetna Healthcare, AIG, American Express, New York Life, Lloyds TSB, GE, Reuters and Royal Bank of Scotland. This acquisition will also enable Synechron to expand its domain capabilities into niche areas such as Enterprise Architecture Integration, high level strategic CIO/DIO advisory services and specialized consulting, thereby reinforcing its industry credentials as an end-to-end technology solutions and services provider and expanding its global client base. The acquisition will also enable the growth & reinforcement of SysCore's relationships with its existing clients, who will significantly benefit from Synechron's enhanced scale of operations and flexible model of high-end Global Development and Delivery Services.

With this acquisition Synechron will now have 7 out of the world's Top 10 Investment banks as its clients and a total of 26 customers who are Fortune 500 companies.

Synechron has recently won a project with a leading European bank for the development of a high-end securities lending application. This project win further strengthens Synechron's presence in the European market, in synergy with the company's strategic business diversification and expansion initiatives in the continent.

The project involves the development of a fully automated, web-based, securities lending platform for the trading process of the bank. Synechron has initiated the engagement by sending a senior Business Analyst onsite to the client's head office to start the analysis & design phase of the project. Upon completion of this phase, a team of techno-domain specialists will join the analyst onsite to begin the development phase.

Synechron will leverage its thorough domain knowledge and technology expertise to develop a highly customized & secure application that will enable the bank to significantly increase efficiencies throughout their securities lending & trading lifecycle. The application will also integrate several high-end third-party components and tools for enhanced functionality.

Future plans include collaboration on other mission critical application development and integration efforts within the bank across its multiple centers in Europe.

Dun & Bradstreet
July 2008

About the company
Synechron Technologies Pvt Ltd (Synechron) was established in the year 2001.Synechron operates entirely in the IT services segment. The company carries out it operations from its centre located in Pune. Synechron also has it presence in the US, UK, Australia and Hong Kong. During the FY07, the company obtained 100% of its revenues from exports. In the FY07, around 88% of the revenue was generated from the American region. The technology partners of the company include global companies like Oracle, Sun and Microsoft. Some of its international clients are Merrill Lynch, Washington Mutual, New York Mortgage, Bank of New York and 24/7 Real Media amongst others. As on Aug 2007, the total employee strength of the company in India was 870.

Services/Products
Custom Application Development, IT Consulting, IT Support/ Infrastructure Management , System Integration

Verticals
BFSI

Chief Executive Officer
Faisal Husain

Total Income
Rs 1284.4mn

Manpower
737

Locations
Pune

Synechron today announced set up of its new facility in Dubai, UAE. This move is in keeping with Synechron's ongoing strategy of growth propelled and complemented by geographical diversification and marks a milestone in Synechron's progress in the region.

Keeping in line with its rapid growth & strategic objectives, Synechron has taken the first step towards establishing its presence in the Middle East by setting up its center at Dubai.

The new facility will initially operate as a sales office but would also possess the capability to evolve into a full fledged "Same-Shore Delivery Center" delivery center in keeping with Synechron's paradigm of dynamic growth.

Via this strategic expansion, Synechron aims to offer its clients in the Gulf region turnkey, onsite consulting services as well as the ability to leverage its base of high-end, skilled resources and 24/7 Global Delivery capabilities. As part of its range of service offerings, Synechron also aims to provide the expertise to deliver customized solutions & services around major branded financial software & technology products. Synechron also possesses capabilities to develop solutions that are designed specifically for the Islamic Banking segment, fully compliant to Shariah laws and Investment Guidelines.

Synechron has already established its presence with its first set of clients in the Middle East region in its core verticals.

Leading US-based provider of online educational services partners with Synechron

A leading US based provider of online educational services, recently chose Synechron to aid them in development and integration efforts for their proprietary products. The client is one of the fastest growing Internet companies in the US, servicing the higher education marketplace with unique solutions and services.

The client recently acquired a Canada based educational products company, thereby significantly expanding their scope of business and presenting them with new technology challenges. Synechron is assisting the client in development and integration efforts in the field of real-time web based applications, geared towards bridging the gap between their proprietary products and those of the newly acquired company, thereby streamlining their service delivery workflow.

During the initial stages of the project, Synechron sent a team of techno-domain experts onsite to the client location in the US for the process study and analysis phase and to enable seamless transitioning of the project to Synechron's Global Delivery Center in Pune, India.

Plans on the anvil include extension of Synechron's services to encompass further enhancement and maintenance of the client's mission critical applications.

Synechron Partners with Gemstone Systems to provide Distributed Data Management Solutions for Global Markets

Synechron today announced a strategic partnership with Gemstone Systems, a leading provider of distributed data management and virtualization solutions to address key customer pain points. Through the implementation and integration of GemStone solutions with existing enterprise applications, customers will be able to achieve low-latency, predictable, high-throughput data sharing and event distribution.

Synechron and Gemstone will work in close coordination on several key projects and complement each other's business domain and technology expertise to deliver turnkey solutions to clients. The partnership will also fully align the power of a combined Global Delivery Model and its accompanying time, cost and productivity benefits via the two firms' development centers based in India. In addition, the two firms will also conduct cross-training exercises on the technical and business front to nurture techno-domain experts.

Synechron will implement GemStone's enterprise solutions across its key BFSI verticals of Capital Markets, Mortgage Banking, and Insurance as well as in certain areas of the Digital Media & Technology domain. GemStone will provide the necessary support and training to enable Synechron to deliver best in class GemFire services.

A leading software solutions firm headquartered in Amsterdam, specializing in web application development, recently selected Synechron to partner them in the development of a complex, real time, e-commerce and customer management system for the Netherlands division of a well known telecom multinational. This project win is in keeping with Synechron’s enhanced focus on business diversification and expansion activities in the European Union.

The project involves the design and implementation of a "Point of Sales" portal for the various products offered by the client. This portal will enable prospective customers to find more information on the various products offered and will also include a sales module which will allow prospects to purchase these products online.

The web portal will include a customized dashboard for customers who have signed up for any of the products/services, with individual login credentials to access information pertaining to their specific accounts. Using this online dashboard, customers will be able to check their account details, order additional products, raise tickets for activation of services and also view their billing information. The portal is currently being developed using a variety of industry-leading technologies, along with integration to multiple third party components.

Synechron initiated this project via its unique "embedded resource" model, where a team of developers, lead by a senior project manager, visited Amsterdam to work in tandem with development teams from the partner firm in order to understand the project requirements more precisely. The project was then transitioned phase-by-phase to Synechron’s Global Delivery Center in Pune, India, where several additional resources were trained and deployed on the assignment.

Synechron recently announced its growth plans for the year 2008 while also providing insights into its achievements over the past year. Over the course of the last financial year, Synechron has beaten the recession in the US financial market and is on course to post revenues of around USD 50 million this year (year ending March 31st 2008), a growth of around 80% over the previous year (year ending March 31st 2007).

Synechron's dynamic growth was also the primary factor that contributed to its listing on the INC 500 List of America's Fastest Growing SMEs by INC Magazine. Other achievements and recognition included Synechron being ranked as one of the Top 5 Best IT Employers in India by Dataquest Magazine and being listed among the Top 3 Companies at the Emerging India Awards 2007.

Early in 2007, Synechron made its first acquisition, by acquiring 110 Technologies, a high-end financial services consulting firm based in New Jersey and specializing in the Capital Markets domain, one of Synechron's key verticals. Synechron currently has 10 of the world's Top 20 Investment Banks as its clients.

To address its exponentially growing business needs and to augment the current delivery capacity, Synechron will be opening a second delivery center in Pune, India, over the course of the next one year. This second center will be part of Synechron's long-term expansion plans, with a peak capacity in excess of 5000 seats.

Plans for the year ahead include further expansion in the domains of Capital Markets and Insurance and diversification into new geographies, targeting BFSI clients in the UK, EU, Australia, Gulf and South East Asia markets. Also on the anvil are plans of coming out with an IPO on NASDAQ or NYSE by late 2008, or early 2009, depending on the market conditions.

For the second consecutive year, Synechron will be one of the primary sponsors for the Charlotte Region NPower Digital Ball. The event is aimed at helping non-profit organizations across Charlotte to maximize the use of technology.

Synechron has been a prominent driving force behind the Charlotte region IT industry for several years, providing high-end, customized Business Technology solutions and services to industry majors from the BFSI segment. Synechron’s sponsorship is aimed at helping non-profit organizations maximize their technology ROI, which in turn will help them serve the community in a better manner.

An affiliate of the nationwide NPower Network, NPower Charlotte Region was started in 2003, with the primary objective of teaming up with various social welfare organizations to help them leverage technology and technological know-how to the fullest in order to create and nurture healthy and vibrant communities. The primary motive of the NPower Charlotte Region Digital Ball is to bring together non-profit, technology and other organizations to celebrate the advancement of technology within the non-profit community. CEOs, CIOs and other key decision makers from Charlotte region IT industry will be present at the gala event to be held in the last week of April.

Recognizing its human capital as its single greatest asset, Synechron has always placed a strong focus on the impartation of structured training programs that are aimed at honing the technical, business and soft skills of its employees.

Synechron's "Domain University Training Programs" are classified into various groups, each focusing on one of the company's key domains of Capital Markets, Mortgage Banking and Insurance. Within each vertical, these programs are further divided into two tracks, one focusing on the business aspect, and the other covering the technical details. These programs are developed by Synechron's team of in-house experts and are aimed at specifically nurturing true "Techno-functional" experts, who not only possess technical expertise but are also well-versed with the business aspects of the domains they work in.

In addition to these domain-specific training programs, Synechron also undertakes separate training sessions that focus on the development of soft skills such as leadership, communication and decision making. These programs synergistically work in tandem with the domain training programs to create a unique breed of business savvy, articulate IT professionals who possess the ability to work in close coordination with clients via a partnership based, consultative approach and thereby deliver increased value.

Synechron has witnessed unparalleled growth over the course of the last 6 years, doubling revenues and employee headcount every year since inception in 2001. The company recently commemorated a significant milestone in its dynamic growth story via the second anniversary celebrations of 'Synechron IT Towers', its Global Delivery Center based in Pune, one of India's leading IT hubs.

The 1000 seat capacity "Synechron IT Towers" was formally inaugurated 2 years ago on 12th November, 2005, when Synechron consolidated its several offices spread across the city to a single location that would serve as the new delivery center and support the organization's rapid growth. Synechron started the new center with about 200 professionals and has grown exponentially over the course of these last two years to cross the 850 employee mark.

The move to the new center has greatly increased Synechron's Global Delivery capabilities and enabled the organization to deliver highly specialized, domain-oriented Business Technology solutions & services to its clients via its proven Global Delivery Model.

Via its unique SDC (Strategic Development Center) model Synechron has also set up 4 fully functional, dedicated Global Development Centers for four of its major clients from its key verticals of Mortgage Banking, Capital Markets, Insurance and Digital Media & Technology. These 'Strategic Development Centers (SDCs)' have full-time dedicated teams and function as a direct extension of the clients' operations, replicating their setup, processes and IT infrastructure.

Recent expansion plans have put Synechron on course to touch the 1000 employee mark by the end of Quarter 1, 2008. This will mark another important milestone in Synechron's growth story and plans are on the anvil to expand operations further via establishment of another Global Delivery Center.

Synechron recently undertook a Corporate Social Responsibility drive to provide a much needed boost to rural education. A group of Synechron employees, along with Tanveer Saulat, MD (India Operations), visited a rural area near Pune, one of India's major cities, and spent several hours with underprivileged children from local educational institutions.

Synechron organized several activities for the children, including a drawing competition and several games which drew an enthusiastic response. The events were followed by a prize distribution ceremony, where Mr. Saulat gave away the prizes to the winners. The children also put up several cultural programs for the Synechron employees.

Synechron donated new computers to the school, apart from other items such as stationery articles, books, toys, and chocolates which were distributed among the children. In addition, Synechron also made a cash donation to the school, giving a greater impetus to rural education.

Synechron also took this opportunity to contribute in its own way towards the betterment of the environment. The group undertook a tree plantation drive, planting several saplings in the village and spreading environmental awareness among the locals.

Synechron recently shifted its corporate headquarters to new, larger premises in Piscataway, NJ. Synechron's new headquarters will also serve as a strategic "Same-Shore" Delivery Center of Synechron. With state-of-the-art technical and physical infrastructure, the Same-Shore Delivery Center has been specifically designed keeping in mind the company's exponential growth and the corresponding need for rapid infrastructural expansion and resource scale-up as well as enhanced strategic delivery capabilities.

The new office, Synechron's largest thus far in the US , will significantly increase Synechron's capacity to undertake pilot, transitional and training phase operations for its clients from its 4 focus verticals of Mortgage Banking, Capital Markets, Insurance and Digital Media & Technology.

Over the past several years, new business and geographical expansion across the US has resulted in exponential growth in Synechron's business and its emergence as one of the world's fastest growing IT Solutions companies. To keep pace with this rapid growth, Synechron has intensified its strategy of deploying specialist technology & business domain consultants via an "embedded resource" model to synergistically work with clients towards growing their businesses. The move to the new office has been initiated to address this large scale ramp-up and at the same time provide enhanced onsite/same-shore project service delivery capabilities to Synechron's US clientele.

Synechron also has offices in Charlotte (NC), Kensington (CT), Nashville (TN), Denver (CO), San Diego, (CA) , London (UK) & a Global Development Center in Pune, India.

Synechron among Top 5 Best Employers in DQ-IDC Best Employer Survey 2007

Synechron has been ranked as one of the Top 5 Best Employers in India from the IT sector according to the annual Dataquest IDC Top 20 Best Employers Survey 2007.

The annual DQ-IDC Best Employer Survey conducts a comprehensive study of some of the best IT companies in the country and showcases the Top 20 IT/ITeS firms based on an Employee Perception Survey and overall HR Scores. The final result was based on a number of different parameters such as Revenue (Compounded Annual Growth Rate), Employee Retention Rate, Average Salary Hike and so on. Synechron, ranked 5th in the list, made an impressive debut in the survey, surpassing some of the largest and most well established IT firms in the country.

A progressive career development path, excellent compensation packages and overseas opportunities are just a few of the key factors that have contributed to Synechron's high ranking in the survey. Synechron was also voted as one of the "Top 15 Dream Companies to Work In" by employees of other IT organizations across the country. In all the other survey parameters, Synechron ranked distinctly higher than the industry average.

An open door policy, a transparent appraisal system and recreational activities are a few of the other factors that have made Synechron one of the best IT employers in the country.

Synechron ranks amongst Top 250 Companies in the Inc 500 List of Fastest Growing Companies - Records three-year growth of 1016.3%

Synechron today formally announced that it has been named in the 2007 Inc 500 list of Fastest Growing SMEs. The Inc 500, published annually by Inc Magazine, showcases the fastest growing, privately held companies in the United States across all domains and industries.

With a three-year growth percentage of 1016.3%, Synechron ranked a commendable 222nd from several thousand entrants in this prestigious annual survey. Synechron also ranked 23rd from the list of fastest growing IT Services companies and ranked 17th from the list of companies in the New York–New Jersey–Long Island area.

One of the largest Insurance technology and services providers in the US, specializing in risk, claims and insurance management(property and casualty) , recently selected Synechron as their offshore technology partner to assist them in the development and testing of their high-end Insurance technology applications.

The client, a subsidiary of a large global professional services firm, provides claim and risk management software and solutions to over a thousand end customers from varying industry backgrounds. The solutions are specifically tailor-made to meet each individual customer's requirements, giving them solutions that are exactly aligned to their industry requirements and business practices. In addition to custom-made software solutions, the client also provides business consultation services to help its customers maximize their technology investments.

Synechron will be leveraging its extensive experience and domain knowledge in the insurance services sector to provide tangible business benefits to the client. As part of the contract, Synechron will initially assist the client in creating test frameworks for its web application platforms. The engagement will then be further extended in the areas of application development, support and integration. The frameworks, tools and components developed in collaboration with Synechron will enable the client's end customers to automate the entire testing process, thereby reducing cycle times, improving productivity, decreasing administrative expense, and increasing product quality.

Synechron amongst top 3 fastest growing IT solutions & services companies in India

By nearly doubling its revenues in the last financial year, Synechron has emerged as one of the top 3 fastest growing IT solutions & services companies in India for the second consecutive year, as per Dataquest magazine's Top 200 IT Companies survey. The company recorded a 95% revenue growth rate for the fiscal year 2006-07, over its performance in 2005-06.

Synechron has maintained this accelerated growth paradigm since inception in 2001, multiplying revenues at a rate of over 100% almost every year. Synechron has also increased its employee headcount significantly, crossing the 800 employee mark in a short duration of just 6 years.

A strong domain-oriented approach has been one of the key factors that have contributed to the company's dynamic growth story. By further strengthening its focus in its key domains of Mortgage Banking, Capital Markets, Insurance and Digital Media & Technology, Synechron has established itself as a leader in providing high-end IT solutions & services to these market segments.

New service offerings such as Remote Infrastructure Management & Support as well as the release of its proprietary Mortgage and Business Intelligence/Data Warehousing frameworks have proved to be major value-adds to Synechron's existing gamut of service offerings and have played a significant role in the company's exponential growth. Synechron further expanded its geographical spread over the course of the last fiscal year by extending its presence across the US and increasing focus on its UK operations.

Synechron's acquisition of 110 Technologies, a high-end IT consulting firm based out of New Jersey, also helped spur the company's business in the Capital Markets domain, bagging several large deals with some of the major banks in the US.

Synechron was recently nominated to be one of the top 3 companies in the ICE / ITeS (Information Communications Entertainment / IT Enabled Services) category at the Emerging India Awards 2007, organized by CNBC-TV18 and ICICI Bank, in collaboration with CRISIL.

The Emerging India Awards, an initiative which started 3 years ago, aims at recognizing the best sustainable value creators among small and medium enterprises in the country. This year, the awards received over 1,25,000 nominations spread across 12 categories, a record number for any award event in the world, earning the awards a place in the Limca Book of Records.

Synechron had the distinct honor of being short listed as one of the top 3 companies in the ICE/ITeS category from over ten thousand entries received. The multi-stage evaluation and selection process was spread over three months. CRISIL, India's leading ratings, research, risk and policy advisory company, was tasked with this responsibility and focused on striking an appropriate balance between quantitative and qualitative parameters while evaluating India's best emerging companies.

Synechron's nomination to the top three companies was based on a detailed evaluation of its solid business model, unique competitive strengths, management quality and depth, and above all, its paradigm of unparalleled, exponential, sustained growth over a period of time. Synechron has doubled its revenues year on year since inception in 2001 making it one of the top three fastest growing IT solutions & services companies in the country.

Owing to the dynamic growth that the company has been experiencing over the past several years, Synechron was recently featured on National Television as one of the fastest growing IT solutions & services providers in India. The coverage, broadcasted in the Business News section of DD National on the 28th of May 2007, featured clippings of the Synechron facility with the employees at work, as well as a short quote from Tanveer Saulat, GM India Operations, Synechron.

The news feature described how Synechron has grown at a record rate since inception in 2001 to become one of the highly reputed and specialist providers of software solutions & service to the BFSI segment, focusing primarily on the US market. The coverage also mentioned Synechron's entry into Remote Infrastructure Management & Support and stated that it was one of the few select companies in the country to provide this highly specialized service. The news feature also covered Synechron's recent acquisition of 110 Technologies.

In his interview, Mr. Saulat spoke about how Synechron hires people solely on the basis of their technical capabilities. These individuals are later trained to upgrade not just their technical skills but also their soft-skills and business domain understanding.

The news coverage also cited how Synechron has been doubling its revenues year-on-year since inception and has emerged as one of the top 3 fastest growing IT solution companies in India with a growth rate of 137% for the financial year 2005-06.

Click here to view the coverage

Synechron offers high-end "Mortgage Banking & Capital Markets University" Training

Keeping in tune with the growing demands of the competitive IT solutions & services market, Synechron has recently started offering high-end, domain specific, structured training programs to a few select clients from the Mortgage Banking and Capital Markets domains. This further diversifies Synechron's wide range of high-end service offerings to clients from the BFSI segment.

With its niche focus on the high-end financial services domain, Synechron has utilized its several years of experience and expertise working with major clients from the BFSI segment to develop these training programs in-house. These programs have been used extensively within Synechron in the past for various internal training requirements.

The training programs consist of two separate tracks, one for the business and the other for the technology aspect of each domain. The training programs are usually followed by a short refresher quiz, making the entire session more interesting and interactive.

The curriculum for each of the training programs has been developed by Synechron's team of domain experts, based on their extensive understanding of and experience in these domains. The training programs, developed primarily for the development teams, aim at helping the employees gain an in-depth insight into the domain they work in. This also reaffirms Synechron's credo of developing techno-functional experts, who have not just technical prowess but also business domain understanding.

With several major clients showing a keen interest in the success of the internal "Domain University" concept, Synechron has customized the comprehensive training curriculum to meet the requirements of the client firms and is offering it as a separate service altogether to select clients. Synechron currently offers these programs for the Mortgage Banking and Capital Markets domain. Training programs for the Insurance domain are also on the anvil.

Leading US Mortgage Company chooses Synechron's Strategic Mortgage Solution Frameworks

One of the leading Mortgage Firms in the US recently chose Synechron's proprietary Strategic Mortgage Solution Frameworks to enhance & streamline their existing process workflows. The client is amongst the fastest growing, privately held mortgage companies in the US, with branches in 3 states and business in 18 others.

To meet the growing demands of a dynamic and volatile mortgage industry, Synechron has leveraged its Mortgage Banking domain knowledge & expertise to develop its own reusable Mortgage Technology components. These range from full-fledged integrable modular application frameworks to "core building blocks" that can be speedily extended and utilized for large scale customized implementations. These frameworks can be customized to seamlessly integrate with and enhance the existing Enterprise Mortgage technology components of an organization, thereby enabling clients to achieve specific business functionalities in a highly flexible, effective and economical manner.

Synechron's Strategic Mortgage Solution Frameworks include the Channel Relationship Management System (CRMS) and the Mortgage Web Service Solutions Framework (MWSSF).

The CRMS is an online application framework designed to create and maintain broker and correspondent data for Wholesale/Correspondent/Conduit Lenders, enabling them to review, approve and manage their Client (Brokers/ Correspondents) network. The CRMS automates the end-to-end Broker Approval and Management process and provides a single point, real-time, role-based framework for web-enabled access and management.

The CRMS will enable the client to significantly increase their ROI by automating several key processes involved in the Mortgage Loan cycle. It will also dramatically reduce the time and effort required to implement, integrate and maintain the functioning of the LOS and other critical enterprise technology applications.

Synechron showcases service offerings at the Mortgage Bankers Association(MBA) Conference in Tampa, Florida

Synechron recently participated in the Mortgage Bankers Association's 'National Technology in Mortgage Banking Conference & Expo' in Tampa, Florida. The event, held between the 25th and the 28th of March 2007, provided a common ground for interaction for all those keen on learning about the latest technology products and services on offer for the Mortgage Banking industry.

Synechron capitalized on this national-level symposium to showcase its cutting-edge IT solutions and services for the Mortgage Banking industry, one of its 4 focus domains. In addition to its technology-based solutions such as Automated Underwriting Systems, Loan Servicing Systems and Image & Document Management Systems among others, Synechron also showcased its proprietary Strategic Mortgage Solution Frameworks to the conference attendees. Synechron has leveraged its significant Mortgage domain experience to develop its own reusable Mortgage technology components that can be customized to seamlessly integrate with, and enhance the existing Enterprise Mortgage Technology Systems. These components range from full-fledged, integrable modular application Frameworks to "core building blocks" that can be speedily extended and utilized for large scale customized implementations.

Synechron's unique "Strategic Development Center (SDC)" model was also received by conference attendees with considerable interest. The "Strategic Development Center" Partner Program reinforces Synechron's business credo of a close, intensive partnership with clients, whereby Synechron leverages its offshore presence & Global Onsite/Offshore Delivery Model to act as the strategically & operationally replicated, geographically distinct but functionally seamless "extended arm" Global Delivery Center of the client.

Another unique service on offer at the MBA Conference was Synechron's Business/Knowledge Process Outsourcing (BPO/KPO) model for the Mortgage Banking industry. Synechron's BPO/KPO services enable wholesale & retail lenders, mortgage brokerage companies and third party service providers to outsource high-end, traditionally "non-outsourceable" knowledge intensive tasks. These services focus on tasks which require not only process expertise but also domain expertise. Some of the common tasks performed by the Synechron BPO/KPO division include Loan Boarding, Conditions Processing, Document Mapping and Audit Services among others.

In an effort to promote the use of technology among non-profit organizations, Synechron today announced that it will be one of the key sponsors for the Charlotte Region NPower Digital Ball. Synechron has carved a niche for itself in the Charlotte region IT industry by providing cutting-edge Business Technology Solutions & Services to several industry leaders from the Mortgage Banking and Capital Markets domains, two of Synechron's focus verticals. The gala event will be held in the last week of April at the Westin Hotel in Charlotte, NC.

NPower Charlotte Region is a non-profit technology consultancy working exclusively with other non-profit organizations in the area, assisting them to make the optimum use of technology to better serve their clients. Started in 2003, NPower Charlotte Region is an affiliate of the nationwide NPower Network. It teams up with various social welfare organizations to leverage technology and technological know-how in order to create healthy and vibrant communities. By helping these organizations plan, manage and maintain their technological infrastructure, NPower enables them to focus on what they do best - help the homeless & the sick, spread education, promote art and help save the environment.

The primary purpose of the NPower Charlotte Region Digital Ball is to bring together technology companies, non-profits and other interested parties to celebrate the advancement of technology within the non-profit community. The Digital Ball will be a perfect platform to meet and interact with CEOs, CIOs and other influential decision makers from the Charlotte region in a relaxed, intimate atmosphere. The event will also help promote philanthropy within the technology industry.

Synechron's 'Gigabyte' level sponsorship will help promote such future events and foster a sense of goodwill and cooperation between profit and non-profit oriented organizations. All proceeds from the fundraising event will be utilized to support NPower and its 5 year focus plan, 'Community Technology Initiative' (CTI), which will help non-profits harness the power of technology to the fullest.

Synechron today formally announced the acquisition of 110 Technologies, a high-end Financial services consulting firm based in New Jersey. This acquisition, Synechron's first, became effective from 1st January 2007.

110 Technologies brings with it deep domain knowledge of the Capital Markets industry, one of Synechron's focus verticals. This acquisition will help the company align itself with its business strategy of expanding its business in the Capital Markets domain. Synechron's current Capital Markets client list includes several key players from the US market such as Merrill Lynch and Bank of New York among others. It hopes to add several other large organizations to this already impressive portfolio in the near future.

The acquisition of 110 Technologies is a well thought out strategy to capitalize on the collaborative efforts of two entities that share a common goal and have similar customer-centric, domain-oriented approach. This move will allow both the companies to leverage each others strengths in the Capital Markets domain to further cement Synechron's credibility and lend impetus to its growth in the US financial market.

The acquisition by Synechron has already started delivering the expected results in a very short timeframe. Synechron recently signed a major Technology services project with a subsidiary of one of the top investment banks in the US and a QA services based project with the client's London office.

On the basis of this acquisition, Synechron will be able to expand its domain capabilities into niche areas and establish its industry credentials even more cogently.

Synechron plans on undertaking a major expansion and recruitment drive over the course of the next several months to keep pace with the phenomenal growth rate that it has experienced ever since its inception in 2001. The company aims at increasing its current strength of over 700 professionals to a total in excess of 1000 over the next few months. Also in the pipeline are several new offices across the US, adding to the current centers in Connecticut, Tennessee, North Carolina and the company headquarters in Piscataway, New Jersey.

In addition to an increase in the total headcount, the expansion drive will also include diversification of services and solutions. Synechron specializes in providing high-end, customized solutions to its clients, which include several key players and Fortune 1000 companies from the US. The company will be undertaking newer and more unique projects to augment the current service offerings.

As part of the expansion drive, Synechron also announced the release of its two new proprietary Strategic Solution Frameworks for the Mortgage Banking industry, adding to its existing list of enterprise products. These reusable Mortgage Technology components can be customized to seamlessly integrate with, and enhance existing Enterprise Mortgage Technology systems. These components range from full-fledged, integrable modular application frameworks to 'core building blocks' that can be speedily extended and utilized for large-scale customized implementations, thereby achieving specific business functionalities in a highly flexible, effective and economical manner.

The two high-end Strategic Frameworks developed as part of Synechron's Mortgage Banking Domain are Synechron CRMS (Channel Relationship Management System) & Synechron MWSSF (Mortgage Web Services Solutions Framework).

In addition to the release of these Frameworks, Synechron has also entered into Remote Infrastructure Management & Support. This new undertaking will broaden Synechron's existing business avenues significantly by allowing it to remotely manage the infrastructure and application services of its clients from its offshore development center in India. Using its proven technical competency and experience in IT infrastructure development, maintenance and support, Synechron will help its clients realize considerable cost benefits by allowing them to outsource their complex technology infrastructure management requirements. This not only ensures that a full-time dedicated team with the required skill sets is assigned to the task of remote management, but also reduces costs incurred in hiring new resources for the same.

Synechron Announces Entry into Remote Infrastructure Management & Support

Synechron today announced its entry into Remote Infrastructure Management & Support. This business move is a value addition to the company's existing list of quality services and solutions for its focus verticals of Mortgage Banking, Capital Markets, Insurance and Digital Media and Technology.

Synechron will be one of the select few IT service providers who will be offering Remote Infrastructure Management & Support. This new undertaking will broaden Synechron's existing business avenues significantly by allowing it to remotely manage the infrastructure and application services of its clients from its offshore development center in India. Using its proven technical competency and experience in IT infrastructure development, maintenance and support, Synechron will help its clients realize considerable cost benefits by allowing them to outsource their complex technology infrastructure management requirements. This not only ensures that a full-time dedicated team with the required skill sets is assigned to the task of remote management, but also reduces costs incurred in hiring new resources for the same.

The unique service will be conducted through Synechron's one-of-a-kind, Strategic Development Center (SDC) model located at the company's state-of-the-art development center in Pune, India. The activity will be highly customized; tailor-made as per each client's IT standards, practices and methods. The remote infrastructure management project will consist of several different modules such as:

1. Database Operations Support
Includes managing various databases and taking the necessary backups, verifying hot backups, carrying out database purges and extending table spaces as and when required.

2. Application Support
Involves supporting various customized applications, reprocessing their log files, and handling backups.

3. Windows/Linux Environment & Server Support
Involves remotely managing and troubleshooting Windows/Linux servers

4. Other Miscellaneous Remote Assistance Tasks
Other miscellaneous tasks in the Remote Infrastructure Management model include administering and maintaining Firewalls and other security policies, monitoring and managing helpdesk tickets and managing any QA/Production releases.

The Remote Infrastructure Management & Support process will offer several unique benefits to the clients. Apart from the round-the-clock support offered in a cost-effective budget, the remote assistance model will allow the clients to closely monitor all activities taking place at the SDCs, ensuring that there is no lapse in service levels or security. The remote assistance team will not only manage the clients' existing systems and processes but also recommend changes or modifications in the same as per the changing business requirements.

Synechron today announced that it has successful undergone the SAS 70 Type II audit. SAS 70 audit is internationally recognized auditing standard, developed and maintained by the American Institute of Certified Public Accountants (AICPA). This standard helps companies to identify service organizations that comply with defined business processes and audit standards. The extensive SAS 70 Type II audit was conducted by Princeton Audit Group, an independent service auditor, under the above standards developed by the AICPA. Synechron received a favorable SAS 70 Type II audit result in November, 2006.

The audit identified all significant control points in the organization, validated those controls against industry standards and then tested the organization's controls over a six - month period. The areas evaluated included control environment, physical security, environmental protection, risk assessment, monitoring, logical access controls, control activities and information and communication systems. The resulting Independent Service Auditor's Report concluded that Synechron had instituted effective operational controls within these areas.

The Type II SAS audit is a widely recognized and in-depth examination of a company's control activities including those over information technology and all related processes. It provides a clear confirmation of the reliability, security and availability and processing integrity to the services provided by the company.The service auditors testing allowed the service auditor to verify that the controls were suitably designed and provided assurance that the specified control objectives are achieved. The Auditors performed extensive testing of hundreds of control activities that have been implemented by Synechron to help ensure the integrity and security of its hosted client systems.

Successful completion of a SAS 70 Type II audit signifies that a service organization has had all of its significant activities thoroughly examined by an independent accounting and auditing firm. The attainment of SAS 70 compliance is testament to Synechron's continued commitment towards maintaining the highest levels of system integrity and process and information security standards for all their clients.

Synechron announces the release of proprietary Strategic Solution Frameworks for Mortgage Banking

Synechron has successfully released two new proprietary Strategic Solution Frameworks for the Mortgage Banking Industry by leveraging its significant Technology & Process related experience and expertise in the mortgage domain.

These components range from full fledged, integrable modular application frameworks to 'core building blocks' that can be speedily extended and utilized for large scale customized implementations, thereby achieving specific business functionalities in a highly flexible, effective and economical manner.

In keeping with the vision of developing a suite of frameworks to cover end to end functionalities of the Mortgage Services Delivery Chain, Synechron has launched the following two high-end Strategic Frameworks:

Synechron CRMS (Channel Relationship Management System) is an online application which has been designed to create and maintain broker and correspondent data for Wholesale/Correspondent/Conduit Lenders, enabling them to review, approve and manage their Client (Brokers/Correspondents) network. Synechron CRMS will help automate the end-to-end Broker Approval and Management process and provides a role-based, web-enabled single point of access and management.

The second Strategic Solution Framework, Synechron MWSSF (Mortgage Web Services Solutions Framework), is a web-based application that interfaces with (all major) most Credit Reporting Agencies to enable seamless, real-time retrieval of Credit Reports. Credit report retrieval is fully automated, rapid and accurate, optimizing the loan transaction process.

These highly flexible and affordable integration frameworks have been designed specifically for the mortgage industry and will reduce the time and expense required to implement, integrate, maintain and optimize the functioning of an LOS or other critical enterprise technology application.

Synechron wins Turnkey Business-Technology Projects from a US based Mortgage Major

Synechron, a premier provider of application development and IT consulting solutions in the Mortgage Banking, Capital Markets and Insurance domains, today announced that it has been awarded several complex turnkey business-technology projects involving the re-architecting and customization of the clients existing loan origination system. The client is a well known name in the Mortgage Industry and offers a spectrum of lending programs for non-conforming borrowers.

Synechron will leverage its Mortgage Banking Domain expertise to re-engineer and optimize specific modules of the client's LOS. Synechron has also parallely undertaken projects to migrate the existing application to an alternate technology platform as well as to re-engineer and provide real time production support for the client's warehouse lending system.

Synechron announces high profile hire for its cutting-edge Mortgage KPO Business

Synechron today announced that Ted D. Gwydir has joined the company as the Director of the Mortgage Business Process Outsourcing (BPO) Division. Ted joins Synechron with more than ten years of experience in the US mortgage industry including Management, Operations, Underwriting/Credit Analysis, Sales, and Customer Service. As Director of the Mortgage BPO Division, Ted will be responsible for new business development and propagation of the Synechron's BPO/KPO (Business/Knowledge Process Outsourcing) service offerings. He will operate out of Synechron's Charlotte office in North Carolina, US. Before joining Synechron, Ted officiated as Vice President and Senior Credit Manager in Non-Conforming Lending at Sterling National Mortgage Company, Inc. from 1996 to 2006. In this role, Ted led the day-to-day operations of the Retail Non-Conforming division of the bank, including approval of all Non-Conforming Retail and Wholesale mortgage loans, providing underwriting and loan scenario support to all retail loan officers as well as wholesale support, and development of credit product policy and procedures.

Earlier in his career, Ted served as an account executive at Household Finance Corporation where he effectuated origination of second mortgages and home equity lines of credit. Ted has a BS in Marketing from Quinnipiac University.

Synechron has won a complex turnkey business-technology project involving Development, Integration, Customization, Testing / QA & Application Support functions for a real-time, web based Mortgage Loan Origination System (LOS).The project has been awarded by the UK based subsidiary of one of the largest mortgage loan originators in the US.

Synechron will provide its Mortgage Banking Domain expertise to develop a high end turnkey solution to address the Client's LOS & Loan Servicing centric technology development, customization, integration & quality control requirements. Synechron will also be responsible for providing the 1st/2nd line support to business processes, related to both the Loan Origination Systems & Mortgage Servicing Systems.

Synechron has synchronously deployed multiple teams of Mortgage domain experts; the development team will work on customizing & integrating the LOS' web based & Intranet sites, while the application support team will be responsible for turnkey support of the Loan Origination & Mortgage Servicing Systems. In addition, Synechron's KPO (Knowledge Process Outsourcing) team will provide business process based services to enable execution of mission critical Mortgage Back office functions. This will enable the client to simultaneously leverage Synechron's complementary strengths in Technology development, integration, QA & BPO/KPO to gain a holistic, custom developed mortgage transaction system that will deliver optimal value.

Synechron ranks 3rd amongst fastest growing software services companies in the IT segment for the financial year 2005-06 - Records 137% year-on-year growth rate

Synechron has emerged as the 3rd fastest growing Software Solutions provider amongst the top 200 IT providers, as per the annual Dataquest survey for the year 2005-06.

The company has registered a phenomenal 137% revenue growth rate in the financial year 2005-06 over its performance in 2004-05.

Since its inception in September 2001, Synechron has undergone swift evolution in terms of revenue, manpower and delivery capacity. Today, it is highly reputed for the quality services it provides to the global Fortune 1000 companies in the Mortgage Banking, Capital Markets, Insurance and Digital Media & Technology sectors. The company has rapidly expanded its global presence and is currently operational at nine locations spread across the US, UK and India. Having recently inaugurated a 1000-seat development centre in Kharadi, Pune, Synechron is now well on its way to tremendous advancement in all the areas.

One of the key factors contributing towards Synechron's success story is its ability to not just acquire new clients, but also to address the dynamic and evolving needs of its existing clients. The company aligns to long-term client goals by offering a unique Strategic Development Center (SDC) partnership model wherein it leverages its offshore presence and global onsite/offshore delivery capabilities, to function as a seamless "extended arm" of its clients. Clients' technology and processes are strategically and operationally replicated in the SDC set-up, which has state-of-the-art technology infrastructure and a dedicated, professionally managed full-time resource team, all operated by Synechron.

As emerging trends show a marked shift in the offshoring pattern, the US based IT companies are now looking to set up dedicated 'managed centers' to overcome challenges like prohibitive capital investment costs, start-up & localization demands, and administrative hassles. Such a business model enables Synechron's clients to optimally manage all employee related issues, including talent management, retention, development of a long term intellectual capital base, and to ensure a paradigm of sustainable quality & productivity.

Over the last year, Synechron has also made significant inroads into the Business Processing aspects of the Mortgage Banking and Insurance domains via inception of its high-end Knowledge Process Outsourcing services. The KPO offering is a strategic value addition for Synechron's clients as it allows them to avail a bouquet of services that seamlessly deliver both technology development & business process expertise under the same aegis. Synechron's KPO division has been built upon a solid foundation of turnkey domain knowledge and business-technology services that the company has provided to major players in the areas of Mortgage Banking and Insurance.

With cost pressures mounting in the industry, Synechron has been able to deliver value-added services to reputed financial majors in the US, by transitioning not just their back-end processes and the routine, automated tasks of typical assembly line BPOs, but also one-of-a-kind, domain-specific, complex processes to its offshore center, thereby delivering more strategic, customized services and significant cost-efficiencies, ensuring a higher ROI to clients.

Synechron optimizes focus on Mortgage Banking, Capital Markets & Insurance Domains, spins off 3D Division

Synechron has formally announced the launch of Trimity Studios, a new company formed as a result of the spin off of their high-end 3D Creatives Division.

This move is aimed at establishing Trimity's position in the market as an independent enterprise with a highly specialized focus, offering a turnkey range of 3D Design & Development Services. The spin off also enables Synechron to optimize focus on its key verticals namely Mortgage Banking, Capital Markets, Insurance and Digital Media & Technology.

Based on a strong foundation of proven 3D expertise, enriched with the experience of many successful and award winning project deliveries over the years, the newly launched Trimity Studios is all set to capitalize on its rich domain understanding and capabilities, to establish its own unique identity and cement its position as a trend setter and market leader in the 3D design arena.

Currently Trimity's range of services span 3D Modeling & Texturing, Animations, CAD Data Conversion, Online 3D Interactive Tours, Product Prototyping, Architectural Walkthroughs and Game Development Assets.

For more details please visit www.trimitystudios.com

Synechron partners with Marine Insurance Major to provide high-end Automation Services

Synechron was recently awarded a new project from its existing client, a marine insurance major in the US. Based on successful deliveries of their billing management system and policy management system by Synechron, the client has now given Synechron the responsibility for turnkey, real-time development of an integrated platform to automate operational processes of their 'Commercial' department, which handles complex commercial property policies.

The project involves development and integration of their existing fragmented legacy applications into a central application with streamlined process flow, providing a secure, web-enabled, single point of access for all complex policy information.

Leading, US-based Interactive media major to rely on Synechron’s technology expertise for delivering value to global brands

Synechron has been chosen as a reliable technology partner by a leading, US-based full-service interactive media major with a global presence. This Media conglomerate has developed a number of effective interactive marketing campaigns and world-class Web sites to build reputed global brands and help their customers stay competitive.

Synechron will extend its in-depth domain knowledge and extensive expertise in Digital Media & Technology to conceptualize, develop & deploy an Intranet-based solution for efficient, streamlined and automated web-based knowledge and content management.

The Intranet site will be designed to provide a rich workspace functionality, customizable features and a high degree of personalization, aimed at delivering a compelling and flexible user experience.

This is a critical project from the client perspective, which will be developed using MS. Net technology platform, with a simplified deployment process that will establish the framework for advanced development of their future Intranet Media Management product.

Synechron and IACC host reception for US Consul General, Mr. Michael Owen during the event held to promote Indo-US trade ties

The Chairman and members of the IACC (Indo American Chamber of Commerce), Pune branch, in collaboration with leading Financial Services Solutions provider, Synechron, hosted a formal reception in honour of US Consul General, Mr Michael Owen, on his visit to Pune.

The event was primarily aimed at reinforcing and further promoting Indo-US trade and bilateral relations, with a view to exploring and nurturing business opportunities in the Pune IT/ITES and Manufacturing segments.

The gathering provided an exclusive forum for the IACC industry members to interact with Mr. Owen, reiterate their commitment towards enhancing the business landscape in the IT/ITES & Manufacturing sectors and increasing future cooperation by jointly launching and implementing diverse programs to boost trade opportunities between the two countries.

Synechron inaugurates another Strategic Development Center (SDC), its first in the Insurance sector

Synechron successfully inaugurated another Strategic Development Center (SDC), its first in the Insurance sector, for their client partner, a US-based pioneering provider of enhanced Insurance solutions and services for the wireless communications industry.

The SDC was formally inaugurated at a ribbon-cutting ceremony held to mark the occasion. The SDC partnership enables the client to set up their own dedicated and enhanced development center at Synechron IT Towers, India, which will operate as a strategically & operationally replicated, geographically distinct but functionally seamless "extended arm" of the client's business and global corporate environment.

Creation of the second SDC at Synechron paves the way for more synergistic partnerships of this kind with select other clients in the Mortgage Banking, Capital Markets, Insurance & Digital Media and Technology domains & takes Synechron one step further towards establishing a differentiated & uniquely effective global outsourcing paradigm.

For the client, the SDC partnership with Synechron is a highly competitive move that holds the promise of a long-term synergistic relationship, translating into significant cost savings and exclusive benefits of a fully 'managed' offshore development center, without having to incur infrastructure investments or localization hassles.

Synechron has recently acquired the much-coveted Microsoft Gold partnership, a status awarded to only a handful of highly competent enterprises across the globe, for their commitment to excellence in the field of IT Products and Solutions development based on the Microsoft technology framework.

As a Microsoft Gold Certified Partner, Synechron represents the highest level of competence and expertise with Microsoft technologies, and enjoys privileges associated with the closest working relationship with Microsoft Corporation, the international IT behemoth.

As a result of this partnership, Synechron is entitled preferential access to world-class resource pool and turnkey business support including highly skilled Technical Services Coordinators, access to the Partner Knowledge Base, priority listing in Microsoft Directories, and other such premier benefits. Synechron has achieved Microsoft Gold Partnership for Microsoft technology competencies that include Business Process and Integration Solutions, Custom Development Solutions & Data Management Solutions (Business Intelligence Solutions).

This partnership status has clearly paved the way for Synechron to create a performance benchmark in the global IT industry, while it rapidly achieves technical excellence and outstanding progress in its chosen areas of business.

Leading US Mortgage Technology company chooses Synechron as preferred partner for IT Development & KPO Services

A renowned Mortgage banking products and solutions company has plans to shortly set up their own ' fully dedicated' Strategic Development Center(SDC) in India, in collaboration with Synechron for development of high-end, technology solutions as well as for Outsourcing of their specialized Knowledge-based Processes.

As a technology partner, Synechron will leverage its extensive mortgage banking domain expertise to develop turnkey solutions for the client's primary business offering, an end-to-end residential mortgage-lending platform that offers lenders automated solutions for loan processing workflow.

The SDC partnership will enable the client to leverage all the strategic benefits associated with a 'managed' Offshore center, in terms of state-of-the-art infrastructure, professionally managed resources and best practice-based management support from Synechron.

In keeping with their turnkey service provider approach to the Mortgage industry, Synechron has synchronously deployed two teams of Mortgage domain experts - a team of software professionals engaged in the technology development of their Loan Origination System(LOS) product as well as a team that delivers high-end Knowledge Process Outsourcing(KPO) services. This enables Synechron to simultaneously deliver to the client both high-end Technology & Process based Services on an ongoing basis.

Synechron & 24/7 Real Media inaugurate Strategic Development Center(SDC) - Establishment of Center initiates Synechron's exclusive SDC Program

The SDC was formally inaugurated by 24/7 Real Media's Chief Technology Officer Jeff Marcus and Development Manager Bruce Edmiston. An ornate plaque with 24/7 branding was unveiled at the entrance of the SDC to mark the occasion.

The establishment of this SDC marks a defining moment in a period of exponential growth for both Synechron and 24/7 Real Media and the initiation of a new phase of their relationship, after a year of intensive, synergistic strategic collaboration. Via establishment of this SDC, Synechron will offer 24/7 Real Media turnkey infrastructure, management and resource support, and will operate in India as a strategically & operationally replicated, geographically distinct but functionally seamless "extended arm" of the client's business and global corporate environment.

The new center will offer 24/7 Real Media the advantage of leveraging the power of their own self-contained, physically distinct, secure Enterprise-class Global Development & Delivery Center with it's own dedicated resource team.

This inauguration formally flags off Synechron's exclusive, high-end Strategic Development Center Program that enables select clients to leverage the benefits of a synergistic collaboration geared towards establishing their own dedicated offshore center with all the accompanying time, cost & productivity benefits -all without any of the capital investment, infrastructural, operational or localization demands of establishing and managing the same.