Type Private Website www.synechron.com Founded 2001 Number of employees 7,000 | Key people Faisal Husain, CEO CEO Faisal Husain (2001–) Revenue 400 million USD (2016) | |
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Industry Information technology, Financial services, Consulting Areas served United States, United Kingdom, United Arab Emirates, India and 12 others Headquarters New York City, New York, United States Founders Faisal Husain, Zia Bhutta, Tanveer Saulat Subsidiaries Synechron Technologies Pvt. Ltd., Crossbridge LLP Profiles | ||
Synechron Inc. is a New York-based information technology and consulting company focused on the financial services industry including capital markets, insurance, banking and digital.
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History
Synechron was founded in 2001 by Faisal Husain, Zia Bhutta and Tanveer Saulat. In 2007, the company acquired 110 Technologies, a testing services company. Synechron acquired SysCore Solutions, a technology strategy and data architecture company, in 2008.
In 2012, Synechron opened offices in Houston, Texas and Plantation, Florida. Synechron acquired Esquire Systems, an IT consulting company, that same year. It acquired Double Effect, an Amsterdam and Singapore-based management consulting firm which would operate as an independent company, in April 2013.
In September 2013, Synechron partnered with software company Cloudera. In February 2014, the company opened a new facility in Pune, India, and an office in Dallas, Texas later that year. In April 2014, Synechron announced it would be expanding its presence in Bangalore and Hyderabad.
Synechron announced the purchase of Team Trade, a Paris-based software integration and consulting firm, in January 2015. Team Trade continued to operate as an independent company after the acquisition. In August 2015, Synechron acquired usable, a digital design firm based in Brooklyn. In September 2015, Synechron acquired Crossbridge, a London-based financial services and consulting firm.
The company opened Synechron Digital Innovation Centre in Dubai in October 2015, as a center of technology for clients interested in investing in technology. Synechron rebranded in 2016 with the launch of its new website and new "Power of Three" strategy, covering digital, business and technology-based services. 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.
The London Synechron Digital Innovation Centre opened in May 2016. The centre holds full and half-day sessions as well as technology workshops. Synechron announced its collaboration with Ethereum's production studio ConsenSys and BlockApps, and launched its blockchain accelerator program in September 2016 with six modular applications. Synechron announced its partnership with Dun & Bradstreet in October 2016.
Locations
Synechron is based out of New York with additional offices throughout the US including Piscataway, Charlotte, Dallas, Irvine, Brentwood and Fort Lauderdale. The company is one of the largest independent pure-play technology consulting and outsourcing providers for the financial services industry with over 6,000 employees across 18 countries including Australia, Canada, UK, Japan, The Netherlands, Hong Kong, Singapore, UAE, Ireland, Germany, Switzerland, Luxembourg, Italy, France and India.