Country for PR: United Kingdom
Contributor: PR Newswire Europe
Friday, December 11 2020 - 18:01
Synechron Acquires Attra
NEW YORK, Dec. 11, 2020 /PRNewswire-AsiaNet/ --

- Expanding competencies with end-to-end banking and payments technology 

    Synechron Inc.[], a leading Digital 
Transformation consulting firm for the financial services industry, today 
announced the acquisition of Attra, an Australia-based technology services and 
solutions provider, headquartered in Melbourne, and focused on the banking, 
finance, and payments industries. Attra is one of the leading pure play 
payments solutions providers with a global delivery footprint in Australia, New 
Zealand, North America, Europe, the Middle East, and APAC. It has development 
centers in Melbourne, Australia; Dubai, UAE; and Bengaluru, Hyderabad, and 
Pune, India.

    Founded in 1995, Attra brings Synechron 25 years of deep domain expertise 
in providing consulting, application development & maintenance, and quality 
engineering services to clients worldwide, across the payments value chain. 
Attra's comprehensive cards and payments services complement the digital, 
consulting, and technology services that Synechron currently provides for its 
clients. Attra's core offerings span the entire software lifecycle, with 
end-to-end offerings across four key industry verticals – FI and Payment 
Companies, Third-party Payment Processors and Payment Gateways, Retailers, and 
Next-Generation Payments. Synechron will further strengthen its technology 
capabilities through the addition of Attra's core technology horizontals 
focused on Payment & Banking Platforms; Intelligent Automation; IT 
Infrastructure & Cloud; UI/UX, Mobility & Channels; and Information Management. 

    Post-acquisition, Attra will retain its brand identity but become a 
Synechron company. Attra's global team of around 2,000 technology experts in 
the banking and payments domains will add to Synechron's already vast pool of 
talent. Synechron's and Attra's combined global footprint will enable both to 
further expand its geographic span. This alignment will also enable the 
co-development of future-looking innovative solutions, both through Synechron's 
13 award-winning global Financial Innovation Labs (FinLabs) and Attra Labs, 
which prides itself on enabling the future now, by engineering payment 
solutions and creating tools and processes that shape the evolution of 

    Terms of the deal have not been disclosed. Avendus Capital is Attra's 
financial advisor on this transaction.

    Faisal Husain, Co-founder and Chief Executive Officer of Synechron, 
explained, "We provide our clients with a comprehensive set of digital 
transformation capabilities and the acquisition of Attra enables us to 
strengthen our service offerings. Moving forward, our combined workforce will 
top 10,000 employees and annual revenue of $650M+. The enhanced competencies 
that Attra brings will allow us to further advance our clients' banking & 
digital payment technology services while ensuring regulatory compliance." He 
added, "Attra's end-to-end payments technology services will blend nicely with 
our digital innovation that is at the very core of Synechron's DNA. We welcome 
the Attra team into the Synechron family."

    Chris van Buuren, CEO of Attra, commented, "The payments industry is 
experiencing a full-fledged digital transformation that is being fueled by 
exciting new technology advancements and regulatory and competitive changes. We 
are very excited to join with the passionate team at Synechron as we continue 
our mission to be strategic partners with organizations in the financial 
services industry and empower them with a full suite of digitally-led 
technology services and solutions in payments."  

    This acquisition of Attra marks the second acquisition Synechron has closed 
in the past six weeks. On October 23, Synechron announced its acquisition of 
Citihub Digital 
[], a London 
and New York-based technology consulting firm for the financial services 
industry. Citihub Digital brought Synechron expert competencies on application 
modernization, cloud enablement, cybersecurity and operating model 
transformation. Both acquisitions renew Synechron's deep commitment to partner 
with top-notch digital transformation companies and their domain experts in 
accelerating digital for the entire financial services ecosystem across the 

    About Synechron

    Synechron is a leading Digital Transformation Consulting firm for financial 
services, Accelerating Digital for financial institutions by providing 
innovative solutions to the financial services industry through three main 
business focus areas: Digital, Business Consulting, and Technology. Based in 
New York, our company has 18 offices around the globe, with over 10,000 
employees producing over $650+M in annual revenue. For more information on the 
company, please visit our website [[] or our LinkedIn 
[] community.

    About Attra

    Attra is a technology services and solutions provider in the banking, 
cards, and payment domains, with comprehensive expertise and experience 
spanning 25 years. The company builds strong strategic partnerships with global 
players in the banking and financial service industry, to provide 
quality-assured, information-secured consulting, application development, and 
quality engineering services. It has a global team of around 2,000 domain 
experts, and sales, marketing, and delivery centers across 13 countries. Please 
visit the Attra website [] for more information on the 

    For more information contact: 

    Atul Tajave
    Director-Global Marketing & Communication, Synechron


    Shashwath Bopaiah
    Head of Marketing and Corporate Communications, Attra 

    Source: Synechron Technologies Pvt Ltd