Synechron Inc

Synechron Inc.
Private
Industry Information technology, Financial services
Founded 2001
Founders
  • Faisal Husain
  • Zia Bhutta
  • Tanveer Saulat
Headquarters New York City
Areas served
 United States, United Kingdom, United Arab Emirates, India and 12 others
Key people
 Faisal Husain, CEO[1]
Revenue $400 million[2] (2016)
Number of employees
 6,000+[3]
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.[4]

History

Synechron was founded in 2001 by Faisal Husain, Zia Bhutta and Tanveer Saulat.[4] In 2007, the company acquired 110 Technologies, a testing services company.[5] Synechron acquired SysCore Solutions, a technology strategy and data architecture company, in 2008.[5][6]

In 2012, Synechron opened offices in Houston, Texas[7] and Plantation, Florida.[8] Synechron acquired Esquire Systems, an IT consulting company, that same year.[5][9] It acquired Double Effect, an Amsterdam and Singapore-based management consulting firm which would operate as an independent company, in April 2013.[10]

In September 2013, Synechron partnered with software company Cloudera.[11] In February 2014, the company opened a new facility in Pune, India,[4][12] and an office in Dallas, Texas later that year.[13] In April 2014, Synechron announced it would be expanding its presence in Bangalore and Hyderabad.[14][15]

Synechron announced the purchase of Team Trade, a Paris-based software integration and consulting firm, in January 2015.[5][16] Team Trade continued to operate as an independent company after the acquisition.[5] In August 2015, Synechron acquired usable, a digital design firm based in Brooklyn.[17] In September 2015, Synechron acquired Crossbridge, a London-based financial services and consulting firm.[18]

The company opened Synechron Digital Innovation Centre in Dubai in October 2015, as a center of technology for clients interested in investing in technology.[19] Synechron rebranded in 2016 with the launch of its new website and new "Power of Three" strategy, covering digital, business and technology-based services.[20] In May 2016, Synechron announced the acquisition of Hatstand, a global consulting and technology company for financial service industry that broadens Synechron's cybersecurity, market data and risk and regulatory compliance.[21]

The London Synechron Digital Innovation Centre opened in May 2016.[22][23] The centre holds full an half day sessions as well as technology workshops.[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 6,200 employees across 18 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. ↑ "Who we are". Synechron. Retrieved 29 August 2016.
  3. ↑ Dasgupta, Brinda (19 May 2016). "Synechron Appoints George Ravich as Managing Director and Chief Marketing Officer". The Economic Times. Retrieved 29 August 2016.
  4. 1 2 3 "Synechron strengthens presence in Pune". Business Standard. February 28, 2014. Retrieved August 4, 2015.
  5. 1 2 3 4 5 Bhawna Gupta (January 8, 2015). "Synechron acquires French IT consulting firm Team Trade". VC Circle. Retrieved August 4, 2015.
  6. ↑ "Synechron announces launch of new office in Dubai Media City". India Mart. January 31, 2013. Retrieved August 4, 2015.
  7. ↑ Molly Ryan (August 17, 2012). "IT consultant Synechron opens Houston office". Houston Business Journal. Retrieved August 4, 2015.
  8. ↑ Ashley D. Torres (October 26, 2012). "Synechron Adds to Broward Technology Cluster". South Florida Business Journal. Retrieved August 4, 2015.
  9. ↑ "NY firm acquires Esquire Systems". Trade Arabia. March 4, 2012. Retrieved August 4, 2015.
  10. ↑ "Synechron to acquire Double Effect". The Hindu Business Line. April 24, 2013. Retrieved August 4, 2015.
  11. ↑ "Synechron Is Now a Cloudera Partner". Money Control. September 5, 2015. Retrieved December 29, 2015.
  12. ↑ "Synechron strengthens presence in Pune with launch of its new facility". Free Press Journal. Retrieved August 4, 2015.
  13. ↑ 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.
  14. ↑ "Synechron to invest $35 million for creating development centres in India". The Economic Times. April 28, 2014. Retrieved November 4, 2015.
  15. ↑ KV Kurmanath. "Synechron enters Hyderabad, Bangalore to be 'closer to clients'". The Hindu Business Line. Retrieved November 4, 2015.
  16. ↑ Robert Barba (January 8, 2015). "IT Firm Synechron Buys French Consulting Group". American Banker. Retrieved August 4, 2015.
  17. ↑ "Synechron buys US-based digital design firm usable". Consultancy.uk. August 5, 2015. Retrieved November 4, 2015.
  18. ↑ Tanaya Macheel (October 6, 2015). "Synechron Buys London Financial Services Firm in Fintech Push". American Banker. Retrieved November 4, 2015.
  19. ↑ Flanagan, Ben (November 1, 2015). "Future of UAE Banking: Talking ATMs, Holographic Cashiers". The National. Retrieved December 29, 2015.
  20. ↑ "Synechron wants to triple global operations in 5 years". Consultancy.UK. 1 March 2016. Retrieved 6 July 2016.
  21. ↑ Banerjee, Niloy (12 May 2016). "Synechron buys Hatstand to Digitalize Financial Firms". BisInfoTech. Retrieved 6 July 2016.
  22. ↑ "Digital Innovation Centre Launches in London". Finance Monthly. 25 June 2016. Retrieved 6 July 2016.
  23. ↑ "Synechron opens digital innovation centre in London, 2nd globally". Consultancy.uk. May 30, 2016. Retrieved September 26, 2016.
  24. ↑ Alex Hamilton (May 26, 2016). "Synechron opens London-based digital innovation centre". IBS Intelligence. Retrieved September 26, 2016.
  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.
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