Leading digital transformation consulting firm for the financial services industry Synechron has acquired Melbourne headquartered Attra, a pure play payments solutions provider.
This deal comes on the heels of Synechron’s recent acquisition of Citihub Digital, a London and New York-based technology consulting firm for the financial services industry.
Catering to the clients in the banking, finance and payments industries, the Australia based technology services and solutions provider Attra has a global delivery footprint in Australia, New Zealand, North America, Europe, the Middle East, and APAC.
Founded in 1995, Attra has development centers in Melbourne in Australia, Dubai in UAE and Bengaluru, Hyderabad, and Pune in India.
Faisal Husain, the Co-founder and Chief Executive Officer of Synechron, said,“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 more than $650 million. The enhanced competencies that Attra brings will allow us to further advance our clients’ banking & digital payment technology services while ensuring regulatory compliance.”
The integration between Attra and Synechron will see Attra retain its brand identity. However, it will become a Synechron company. About 2,000 Attra’s technology experts in the banking and payments domains will join Synechron
Terms of the transaction have not been disclosed. Avendus Capital is Attra’s financial advisor on this deal.