Synechron announces launch of Dubai office, strategic expansion into Gulf region
Piscataway, NJ, 17th July 2008:
Synechron, a US-based software solutions and services provider with a niche focus on the financial services domain-Capital Markets, Mortgage Banking and Insurance- 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.
Synechron was founded in 2001 during a time of global economic recession, has been profitable since the first quarter and has emerged as one of the world’s fastest growing software solutions providers, with a track record of virtually doubling its revenues year-on-year since inception. 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’s presence in the Middle East region marks a defining moment in a period of exponential growth for Synechron over the last few years. A period which has seen the company emerge as the preferred software solutions and services partner to a gamut of leading multinationals & the world’s top Investment Banks. Synechron has already established its presence with its first set of clients in the Middle East region in its core verticals. Speaking on the occasion Mr. Faisal Husain, CEO, Synechron said, "From Synechron’s perspective, this move is not merely about establishing presence in a new geography. It is part of a planned, long term approach to capitalize on the tremendous potential afforded by the UAE in particular and the Gulf region as a whole while keeping in line with our overall credo of continued strategic diversification and expansion”.
About Synechron
Synechron is a Global IT Solutions & Services provider with a niche focus on the BFSI (Banking and Financial Services) space with headquarters in New Jersey, global offices in the US, and a state-of-the-art Development Center based in Pune, India. Synechron provides a range of IT solutions with a domain focus in Capital Markets, Insurance, Mortgage Banking and Internet Media & Technology. Services include development, customization, integration, maintenance, support, migration, automation, QA Services and KPO services. Synechron has been recognized as one of the fastest growing IT Solutions & Services providers in the world and has been ranked as one of India’s Best IT Employers.
Synechron Corporate Contact:
Siddharth Madhusudan
Piscataway, NJ, 17th July 2008:
Synechron, a US-based software solutions and services provider with a niche focus on the financial services domain-Capital Markets, Mortgage Banking and Insurance- 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.
Synechron was founded in 2001 during a time of global economic recession, has been profitable since the first quarter and has emerged as one of the world’s fastest growing software solutions providers, with a track record of virtually doubling its revenues year-on-year since inception. 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’s presence in the Middle East region marks a defining moment in a period of exponential growth for Synechron over the last few years. A period which has seen the company emerge as the preferred software solutions and services partner to a gamut of leading multinationals & the world’s top Investment Banks. Synechron has already established its presence with its first set of clients in the Middle East region in its core verticals. Speaking on the occasion Mr. Faisal Husain, CEO, Synechron said, "From Synechron’s perspective, this move is not merely about establishing presence in a new geography. It is part of a planned, long term approach to capitalize on the tremendous potential afforded by the UAE in particular and the Gulf region as a whole while keeping in line with our overall credo of continued strategic diversification and expansion”.
About Synechron
Synechron is a Global IT Solutions & Services provider with a niche focus on the BFSI (Banking and Financial Services) space with headquarters in New Jersey, global offices in the US, and a state-of-the-art Development Center based in Pune, India. Synechron provides a range of IT solutions with a domain focus in Capital Markets, Insurance, Mortgage Banking and Internet Media & Technology. Services include development, customization, integration, maintenance, support, migration, automation, QA Services and KPO services. Synechron has been recognized as one of the fastest growing IT Solutions & Services providers in the world and has been ranked as one of India’s Best IT Employers.
Synechron Corporate Contact:
Siddharth Madhusudan
