This acquisition expands Synechron’s reach across the country, establishing a presence in key hubs and opening the door to new industries and customers.
SYDNEY And NEW YORK And LONDON And PUNE, India, June 26, 2024 /PRNewswire/ — Synechron, a global leader in digital transformation consulting for the financial and technology industries, is proud to announce that it has signed a definitive agreement to acquire Chamonix IT Management Consulting Pty Ltd And Exposé Data Pty Ltd. Both companies are headquartered in Adelaide, Australiawith additional operations in Melbourne And Brisbane and share a common goal: to provide expertise in digital transformation, artificial intelligence and analytics to clients across several key industries, including government, healthcare, utilities, energy and education. The definitive agreement regarding the acquisition was signed on Tuesday, June 25, 2024and is subject to customary closing conditions, including approval from the Australian Foreign Investment Review Board (FIRB).
Chamonix IT, established in 2010, is the leading provider of digital transformation services to organizations in South Australia. With a skilled team of approximately 150 professionals, Chamonix IT has played a central role in delivering cutting-edge solutions that address complex challenges and drive meaningful results for enterprise and public sector clients. The founders of Chamonix IT created Exposé as a new company in 2016 to bring the same level of expertise, this time focused specifically on data science and engineering, data modeling and visualization, and artificial intelligence. Among the fastest growing IT organizations in the world AustraliaExposé currently has a team of around 50 people across the country.
Both organizations will join Synechron’s core digital transformation consulting business alongside the recently acquired business. iGreenDatawhich expanded Synechron’s data and blockchain expertise in the financial services industry. With these additions, Synechron has effectively doubled its presence in the country, covering major sectors. This strategic positioning allows the company to capitalize on the growing investment in information technology (IT) in the country. Australia encompassing SaaS, IT services and analytics, while simultaneously enhancing its ability to offer support and solutions across Asiathe Americas and Europe.
Faisal HusseinCo-founder and CEO of Synechroncommented: “We look forward to welcoming Chamonix IT and Exposé to the Synechron family once the acquisition is finalized. They will enrich our presence in Australiabringing new expertise and capabilities that complement our ongoing engagement in the region. This transaction will enhance our service offering and generate significant value, reinforcing our strategy of continuous innovation and customer-focused solutions. »
Scott GriggCEO of Chamonix ITsaid: “Joining forces with Synechron is an important step for us. Our shared commitment to excellence and innovation means we are in an exceptional position to deliver transformative digital solutions that are second to none.
Kelly DrewettCEO of Exposeadded: “Being part of the Synechron family represents a huge opportunity. This accelerates our ability to innovate and empowers our employees to tackle even more complex challenges on behalf of our customers. »
Technology Holdings acted as financial advisor to Chamonix IT and Expose on the transaction.
About Synechron:
At Synechron, we believe in the power of digital to transform businesses for the better. Our global consulting firm combines creativity and innovative technology to deliver cutting-edge digital solutions. Synechron’s progressive technologies and optimization strategies span end-to-end AI, Consulting, Digital, Cloud and DevOps, Data and Software Engineering, serving a range of businesses from remarkable financial and technology services. Through our FinLabs’ research and development initiatives, we are developing modernization solutions, from artificial intelligence and blockchain to data science models, digital underwriting, mobile applications and much more. Over the past 20 years, our company has been recognized with numerous employer awards, recognizing our commitment to our talented teams. With blue-chip clients to boast about, Synechron has more than 14,000 employees worldwide and 55 offices in 20 countries in key global markets. For more information about the company, please visit our website or our LinkedIn community.
About Chamonix IT:
Chamonix IT enables businesses to excel through transformative IT services. Serving businesses and government organizations, Chamonix IT offers tailor-made solutions that guarantee long-term success. Chamonix IT’s expertise spans consulting, cloud and infrastructure, application innovation, security and managed services, enabling businesses to remain competitive and innovative in an ever-changing landscape. By adopting an adaptable and flexible approach, Chamonix IT helps organizations navigate the complexities of digital transformation to propel their business forward.
About Exposé:
Exposé is a leading data analytics and AI consulting firm that delivers data-driven insights and business-driven results to private and public sector clients around the world. Australia. Exposé’s approach is designed to provide its clients with the fastest and most cost-effective path to addressing data and AI opportunities through best practices. Customers benefit from Exposé’s extensive experience, research, development and innovation, which are at the heart of what we do and the values we stand for. Founded in 2016, Exposé is now the world’s largest data analytics and AI company. South Australia and one of the few female-led tech companies in the region.
For more information please contact:
Rashmi Joshi,
Synechron
+91-9560694654
(email protected)
(email protected)
OR
Zoe Forbes-Pyfrom
(+44) 7718 599666
(email protected)
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SOURCE Synechron
