Technology Holdings is pleased to announce that our client Hatstand has been acquired by Synechron. Hatstand is a global financial services consultancy and Capital Markets Specialists. Synechron is a global consulting and technology organization providing innovative solutions to the financial services industry through its three main business focus areas: digital, business consulting, and technology. Technology Holdings was the exclusive advisor to Hatstand on the transaction.
This acquisition further builds Synechron’s consulting capabilities for world-leading financial institutions in key areas such as cybersecurity, market data and risk and regulatory compliance. Hatstand’s capabilities deepen Synechron’s existing consultancy services while adding data management expertise. The combined business proposition will offer financial services organizations access to expert, end-to-end solutions, delivered at scale in an agile and cost-effective manner.
"All industries, and financial services in particular, are feeling the pressure to modernize and leverage new technologies to more effectively compete,” explains Faisal Husain, Chief Executive Officer of Synechron. “As a result, our clients are being forced to rethink their digital strategies. This acquisition addresses the growing need for expert consulting that offers leadership with innovation.”
Brad O'Brien, Chief Executive Officer of Hatstand, added, "Becoming part of a company with Synechron's global footprint and scale will add greater breadth of resources, richer expertise on projects, and true end-to-end service benefits.”
Adam Bennett, President and Executive Chairman of Hatstand, said of the acquisition, "We share the same vision as Synechron, in terms of delivering the highest quality service and investing in our people. This move represents a natural next step in our continued growth, and we are looking forward to being able to offer our clients extended capabilities and reach."
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