Synechron, a New York-based IT and consulting firm focused on the financial services industry, has bought Attra, a Melbourne-based payments and card issuing firm.
The deal, the value of which is undisclosed, will extend Synechron’s IT and consulting services to end-to-end processes around cards and payments.
Attra’s customers span Australia, New Zealand, North America, Europe, the Middle East, and Asia-Pacific. These are largely banking and third-party payment providers, though the firm has not disclosed any of their identities.
Attra also has three development centres in Bengaluru, Hyderabad, and Pune.
How the deal will work
Following its acquisition, the name “Attra” will remain, but with “a Synechron company” addition. All 2,000 of Attra’s workforce will join Synechron as part of the deal.
“Moving forward, our combined workforce will top 10,000 employees and annual revenue of $650 million,” says Synechron’s CEO, Faisal Husain.
“Attra’s end-to-end payments technology services will blend nicely with our digital innovation.”
Add it to the list
This isn’t Synechron’s first acquisition in recent months. In October, the IT firm acquired Citihub Digital – a fellow tech consultancy firm based in London and New York.
Citihub Digital focuses on the application, as well as cloud enablement, cybersecurity and the operating model.