Companies news
Synechron acquires iGreenData - SCD Advisory on the sell-side
Synechron acquires iGreenData, a digital engineering organization headquartered in Melbourne, Australia, with the assistance of SCD Advisory.
Synechron, a leading global digital transformation consulting firm focused on financial services and technology organizations, announced its acquisition of iGreenData, a modern, data-centric digital solutions company founded in 2018.
iGreenData, headquartered in Melbourne with an additional office in India where Synechron has a significant presence, specializes in cloud-enabled data and digital engineering. The company serves a diverse array of blue-chip clients and has high domain expertise in the banking and financial services sectors, along with strengths in full-stack, DevOps, cloud, data engineering, automation, and blockchain. The acquisition of iGreenData was completed on May 13, 2024.
This acquisition enhances Synechron’s leadership in digital transformation by combining their agile, creative approach with iGreenData’s specialized skills in cloud technology and lean data engineering practices. The integration adds to Synechron’s capabilities in delivering customized solutions that achieve substantial business outcomes, while continuing to swiftly and effectively meet their clients’ evolving needs.
Moreover, the acquisition expands Synechron’s global reach. By leveraging Australia’s strategic location, Synechron is better positioned to provide continuous support across time zones in Asia, the Americas, and Europe.
Faisal Husain, Synechron Co-founder and CEO, commented:
“We’re thrilled to welcome iGreenData into the Synechron family. This acquisition will enable us to continue deepening our technological strength and expand our footprint to the Australian market. Together, we will leverage our combined expertise in digital transformation and innovation to deliver value-added solutions that meet the evolving needs of our clients.”
Max Sundaram, iGreenData Co-founder and CEO, said:
“We’re very excited to become part of the Synechron team. With their global reach and our shared commitment to excellence, we’re well positioned to provide the best-in-class transformative digital experiences.”
On the role of SCD Advisory, Max Sundaram commented:
“This transaction with Synechron was complex with the multi-geographic considerations across APAC. We are extremely thankful to the SCD Advisory team for their guidance along this journey and the help provided to make this partnership happen.”
Frank Rajakulendran, Co-Founder and Joint Managing Director of iGreenData added:
“The SCD Advisory team was very efficient to work with and highly process driven in this fast-paced transaction which allowed this deal to complete in a timely manner. Many thanks to the team, your invaluable advice was much appreciated!”
Pierre Briand, Founder of SCD Advisory concluded:
“Big congratulations to iGreenData and Synechron for delivering this landmark cross-border transaction. The deal was complex in nature due to the involvement of multiple regions and timing constraints, however this partnership is highly synergistic for both parties. The iGreenData team built a great business with deep penetration into cloud engineering/digital transformation/AI within the banking sector. We wish great success to both parties moving ahead!”
Source: SCD Advisory
