Synechron acquires management consultancy firm
IT firm Synechron on Wednesday said it has signed a definitive agreement to acquire Double Effect, an Amsterdam and Singapore-based management consultancy company for an undisclosed amount.
Mumbai: IT firm Synechron on Wednesday said it has signed a definitive agreement to acquire Double Effect, an Amsterdam and Singapore-based management consultancy company for an undisclosed amount.
Double Effect specialises in strategy translation and implementation and the acquisition will enable Synechron to strengthen high-end technology consulting and delivery services, Synechron said in a statement.
Double Effect has a team of 76 consultants and presence in Amsterdam, Singapore and Frankfurt.
"Apart from lending strategic skill-sets, the acquisition will also provide us with access to markets such as Europe and emerging markets like Asia Pacific," Synechron CEO Faisal Husain said.
Double Effect will operate as an independent company after the acquisition and will continue to take the joint value proposition to its customers.
Synechron, whose annualised revenues are about USD 200 million, expects the acquisition to further accelerate its growth.
Over the last six years, it has made three acquisitions -- 110 Technologies, SysCore Solutions and Esquire Systems.
Headquartered in New York, Synechron has over 4,000 employees and has presence across the US, Canada, the UK, the Netherlands, UAE, Japan, Hong Kong and Singapore. It also has a development centre based in Pune.