This acquisition extends Synechron's reach across the
country, establishing a presence in key hubs and unlocking new
industries and clients.
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 sectors, is proud to announce that it has executed a
definitive agreement for the acquisition of Chamonix IT Management
Consulting Pty Ltd and Exposé Data Pty Ltd. Both companies are
headquartered in Adelaide,
Australia, with additional operations in Melbourne and Brisbane and share a common goal of delivering
digital transformation, artificial intelligence, and analytics
expertise to clients across several key industries including
government, healthcare, utilities, energy, and education. The
definitive agreement with respect to the acquisition was signed on
Tuesday, 25 June, 2024, and is
subject to customary closing conditions, including approval by 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 been pivotal in
delivering cutting-edge solutions that address complex challenges
and drive significant outcomes for enterprise-level and public
sector clients. Chamonix IT's founders established Exposé as a new
company in 2016 to bring the same level of expertise, this time
focused specifically on data science and engineering, data
modelling and visualization, and artificial intelligence. Among the
fastest-growing IT organizations in Australia, Exposé currently has a team of
approximately 50 people across the country.
The two organizations will join Synechron's core digital
transformation consulting business alongside recently acquired
iGreenData, which expanded Synechron's data and blockchain
expertise in the financial services sector. With these additions,
Synechron has effectively doubled its presence in the country,
achieving coverage across major sectors. This strategic positioning
allows the company to capitalize on the growing information
technology (IT) investment in Australia encompassing SaaS, IT services, and
analytics, while simultaneously enhancing its ability to offer
support and solutions across Asia,
the Americas, and Europe.
Faisal Husain, Synechron
Co-founder and CEO, commented, "We look forward to welcoming
Chamonix IT and Exposé into the Synechron family when the
acquisition is completed. They will enrich our presence in
Australia, bringing fresh
expertise and capabilities that complement our ongoing commitment
in the region. This move will enhance our service offerings and
drive significant value, strengthening our strategy of continuous
innovation and client-focused solutions."
Scott Grigg, CEO of Chamonix
IT, said, "Joining forces with Synechron is a significant
milestone for us. Our shared dedication to excellence and
innovation means we're exceptionally positioned to offer
transformative digital solutions that are second to none."
Kelly Drewett, CEO of
Exposé, added, "Becoming part of the Synechron family
represents a massive opportunity. It accelerates our ability to
innovate and empowers our employees to take on even more complex
challenges on behalf of our clients."
Technology Holdings acted as the financial advisor to Chamonix
IT and Exposé 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 industry-leading
digital solutions. Synechron's progressive technologies and
optimization strategies span end-to-end Artificial Intelligence,
Consulting, Digital, Cloud & DevOps, Data, and Software
Engineering, servicing an array of noteworthy financial services
and technology firms. Through research and development initiatives
in our FinLabs we develop solutions for modernization, from
Artificial Intelligence and Blockchain to Data Science models,
Digital Underwriting, mobile-first applications and more. Over the
last 20+ years, our company has been honored with multiple employer
awards, recognizing our commitment to our talented teams. With top
clients to boast about, Synechron has a global workforce of
14,000+, and has 55 offices in 20 countries within key global
markets. For more information on the company, please visit our
website or LinkedIn community.
About Chamonix IT:
Chamonix IT empowers businesses to excel through transformative
IT services. Serving both enterprise and government organizations,
Chamonix IT delivers tailored solutions that ensure long-term
success. Chamonix IT's expertise spans Advisory, Cloud &
Infrastructure, Application Innovation, Security, and Managed
Services, enabling businesses to remain competitive and innovative
in an ever-evolving landscape. By embracing 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
delivering data-driven insights and business-focused outcomes to
private and public sector clients across Australia. Exposé's approach is designed to
give its clients the quickest and most cost-effective path to
tackle data and AI opportunities through best practice. Clients
benefit from Exposé's significant experience, research and
development, and innovation, which is at the core of what we do and
the values we uphold. Founded in 2016, Exposé is now the largest
data analytics and AI business in South
Australia and one of only a few female-led technology
businesses in the region.
For more information please contact:
Rashmi Joshi,
Synechron
+91-9560694654
Media@synechron.com
Rashmi.Joshi@synechron.com
OR
Zoe Forbes-Pyfrom
(+44) 7718 599666
synechron@cognitomedia.com
Logo:
https://mma.prnewswire.com/media/1943591/Synechron_Logo.jpg
View original
content:https://www.prnewswire.com/news-releases/synechron-to-acquire-adelaide-headquartered-companies-chamonix-it-and-expose-to-grow-its-digital-transformation-engineering-ai-and-data-and-analytics-capabilities-in-australia-302181478.html
SOURCE Synechron