Synechron Inc

Synechron Inc.
Private
Industry Information technology, Financial services
Founded 2001
Founders
  • Faisal Husain
  • Zia Bhutta
  • Tanveer Saulat
Headquarters New York
Areas served
 United States, United Kingdom, United Arab Emirates, India and 12 others
Key people
 Faisal Husain, CEO
Revenue $285 million[1] (2015)
Number of employees
 5,000+[2]
Website www.synechron.com

Synechron Inc. is a New York-based information technology company focused on the financial services industry including capital markets, insurance, banking and digital.[3]

History

Synechron was founded in 2001 by Faisal Husain, Zia Bhutta and Tanveer Saulat.[3] In 2007, the company acquired 110 Technologies, a testing services company.[4] Synechron acquired SysCore Solutions, a technology strategy and data architecture company, in 2008.[4][5]

In 2012, Synechron opened offices in Houston, Texas[6] and Plantation, Florida.[7] Synechron acquired Esquire Systems, an IT consulting company, that same year.[4][8] It acquired Double Effect, an Amsterdam and Singapore-based management consulting firm which would operate as an independent company, in April 2013.[9]

In September 2013, Synechron partnered with software company Cloudera.[10] In February 2014, the company opened a new facility in Pune, India,[3][11] and an office in Dallas, Texas later that year.[12] In April 2014, Synechron announced it would be expanding its presence in Bangalore and Hyderabad.[13][14]

Synechron announced the purchase of Team Trade, a Paris-based software integration and consulting firm, in January 2015.[4][15][16][17] Team Trade continued to operate as an independent company after the acquisition.[4] In August 2015, Synechron acquired usable, a digital design firm based in Brooklyn.[18] In September 2015, Synechron acquired Crossbridge, a London-based financial services and consulting firm.[19][20][21]

The company opened Synechron Digital Innovation Centre in October 2015, as a center of technology for clients interested in investing in technology.[22][23][24]

Locations

Synechron is based out of New York with additional offices throughout the US including Piscataway, Charlotte, Dallas, Irvine, Brentwood and Fort Lauderdale.[25] The company is one of the largest independent pure-play technology consulting and outsourcing providers for the financial services industry[26] with over 5,000 employees across 16 countries including Australia, Canada, UK, Japan, The Netherlands, Hong Kong, Singapore, UAE, Ireland, Germany, Switzerland, Luxembourg, Italy, France and India.[27]

References

  1. ↑ Peter Economy. "5 Tips for Making the Friend/Business Partner Dynamic Work". Inc. Retrieved August 4, 2015.
  2. ↑ Dasgupta, Brinda (September 4, 2015). "Now, Synechron Relaxes Dress Code". The Economic Times. Retrieved December 29, 2015.
  3. 1 2 3 "Synechron strengthens presence in Pune". Business Standard. February 28, 2014. Retrieved August 4, 2015.
  4. 1 2 3 4 5 Bhawna Gupta (January 8, 2015). "Synechron acquires French IT consulting firm Team Trade". VC Circle. Retrieved August 4, 2015.
  5. ↑ "Synechron announces launch of new office in Dubai Media City". India Mart. January 31, 2013. Retrieved August 4, 2015.
  6. ↑ Molly Ryan (August 17, 2012). "IT consultant Synechron opens Houston office". Houston Business Journal. Retrieved August 4, 2015.
  7. ↑ Ashley D. Torres (October 26, 2012). "Synechron Adds to Broward Technology Cluster". South Florida Business Journal. Retrieved August 4, 2015.
  8. ↑ "NY firm acquires Esquire Systems". Trade Arabia. March 4, 2012. Retrieved August 4, 2015.
  9. ↑ "Synechron to acquire Double Effect". The Hindu Business Line. April 24, 2013. Retrieved August 4, 2015.
  10. ↑ "Synechron Is Now a Cloudera Partner". Money Control. September 5, 2015. Retrieved December 29, 2015.
  11. ↑ "Synechron strengthens presence in Pune with launch of its new facility". Free Press Journal. Retrieved August 4, 2015.
  12. ↑ Ganguly, Chawm (January 9, 2014). "Synechron Opens Eighth US Office in Dallas, Second in the State of Texas". Core Sector Communique. Retrieved December 29, 2015.
  13. ↑ "Synechron to invest $35 million for creating development centres in India". The Economic Times. April 28, 2014. Retrieved November 4, 2015.
  14. ↑ KV Kurmanath. "Synechron enters Hyderabad, Bangalore to be 'closer to clients'". The Hindu Business Line. Retrieved November 4, 2015.
  15. ↑ Robert Barba (January 8, 2015). "IT Firm Synechron Buys French Consulting Group". American Banker. Retrieved August 4, 2015.
  16. ↑ "Synechron acquires Paris-based Team Trade". The Economic Times. January 8, 2015. Retrieved August 4, 2015.
  17. ↑ "Synechron acquires Paris-based consulting firm TeamTrade". Live Mint. January 8, 2015. Retrieved November 4, 2015.
  18. ↑ "Synechron buys US-based digital design firm usable". Consultancy.uk. August 5, 2015. Retrieved November 4, 2015.
  19. ↑ Rajesh Kurup (September 29, 2015). "IT consulting firm Synechron acquires Crossbridge". The Hindu BusinessLine. Retrieved November 4, 2015.
  20. ↑ Ahemad Shaikh (September 29, 2015). "Synechron Acquires Financial Services Consulting Firm Crossbridge". Deal Curry. Retrieved November 4, 2015.
  21. ↑ Tanaya Macheel (October 6, 2015). "Synechron Buys London Financial Services Firm in Fintech Push". American Banker. Retrieved November 4, 2015.
  22. ↑ "Synechron Digital Innovation Centre to open in the UAE". Zawya. October 14, 2015. Retrieved November 4, 2015.
  23. ↑ "Synechron to open Digital Innovation Centre in UAE". Trade Arabia. Retrieved November 4, 2015.
  24. ↑ Flanagan, Ben (November 1, 2015). "Future of UAE Banking: Talking ATMs, Holographic Cashiers". The National. Retrieved December 29, 2015.
  25. ↑ IT consultant Synechron opens Houston office. Molly Ryan. August 17, 2012. Houston Business Journal. February 12, 2016.
  26. ↑ Synechron Digital Innovation Centre to open in the UAE. October 14, 2015. Zawya. February 12, 2016.
  27. ↑ Synechron buys US-based digital design firm usable. August 5, 2015. Consultancy.uk. February 12, 2016.

External links

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