Synechron Announces Acquisition of SysCore Solutions
Piscataway, NJ, 8th September 2008:
Synechron, a high-end software solutions and services provider focusing on the Capital Markets, Insurance, Mortgage Banking & Internet 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, ING Baring, JP Morgan Chase, Morgan Stanley Aetna Healthcare, AIG, American Express, New York Life, Lloyds TSB, GE, Reuters and Royal Bank of Scotland.
Speaking on the occasion Mr. Faisal Husain, CEO, Synechron Technologies said: "This strategic acquisition has been made keeping in mind the considerable synergies we have developed with SysCore over a period of time and marks a major milestone in Synechron’s journey of exponential growth. We are confident that this acquisition will enable both companies to leverage each other's complementary capabilities in this domain to result in a combined entity that is actually greater than the sum of our individual strengths. It will also accelerate the realization of our common goal – that of becoming the world’s premier provider of end-to-end technology services & solutions to the Banking and Financial services segment, operating in the highest tier of the value delivery chain."
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.
This acquisition will also enable Synechron to expand its domain capabilities into niche areas such as high level strategic CIO/DIO advisory services Enterprise Architecture, 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 Global Development and Delivery Services.
Synechron expects the acquisition to further fuel its exponential growth rate. The company, started in 2001, has seen a 675 % simple growth rate over the last 4 years thereby emerging as one of the world’s fastest growing Global Software Services firms. Synechron has been recently recognized by the Inc 500 listing (as one of) the fastest growing SMEs in the US for the second consecutive year and also featured as one of India’s Top 8 IT Employers.
Future plans on the anvil for Synechron include increased geographical diversification into Europe, Japan & the Persian Gulf region as well as the establishment of its second Global Development Center in India.
About Synechron
Synechron is one of the world’s fastest growing Global IT Solutions & Services providers 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, Remote Infrastructure Management and BPO/KPO services. For more information please visit www.synechron.com.
About Syscore :
SysCore Solutions International is an enterprise technology strategy & data architecture consulting firm that specializes in business, information and technology integration with presence in New York and London, UK. For more information please visit www.syscore.com
Piscataway, NJ, 8th September 2008:
Synechron, a high-end software solutions and services provider focusing on the Capital Markets, Insurance, Mortgage Banking & Internet 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, ING Baring, JP Morgan Chase, Morgan Stanley Aetna Healthcare, AIG, American Express, New York Life, Lloyds TSB, GE, Reuters and Royal Bank of Scotland.
Speaking on the occasion Mr. Faisal Husain, CEO, Synechron Technologies said: "This strategic acquisition has been made keeping in mind the considerable synergies we have developed with SysCore over a period of time and marks a major milestone in Synechron’s journey of exponential growth. We are confident that this acquisition will enable both companies to leverage each other's complementary capabilities in this domain to result in a combined entity that is actually greater than the sum of our individual strengths. It will also accelerate the realization of our common goal – that of becoming the world’s premier provider of end-to-end technology services & solutions to the Banking and Financial services segment, operating in the highest tier of the value delivery chain."
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.
This acquisition will also enable Synechron to expand its domain capabilities into niche areas such as high level strategic CIO/DIO advisory services Enterprise Architecture, 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 Global Development and Delivery Services.
Synechron expects the acquisition to further fuel its exponential growth rate. The company, started in 2001, has seen a 675 % simple growth rate over the last 4 years thereby emerging as one of the world’s fastest growing Global Software Services firms. Synechron has been recently recognized by the Inc 500 listing (as one of) the fastest growing SMEs in the US for the second consecutive year and also featured as one of India’s Top 8 IT Employers.
Future plans on the anvil for Synechron include increased geographical diversification into Europe, Japan & the Persian Gulf region as well as the establishment of its second Global Development Center in India.
About Synechron
Synechron is one of the world’s fastest growing Global IT Solutions & Services providers 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, Remote Infrastructure Management and BPO/KPO services. For more information please visit www.synechron.com.
About Syscore :
SysCore Solutions International is an enterprise technology strategy & data architecture consulting firm that specializes in business, information and technology integration with presence in New York and London, UK. For more information please visit www.syscore.com
