Deal Announcement

Technology Holdings is pleased to announce that our client Synechron has completed the acquisition of TeamTrade, a Paris headquartered systems integration and consulting services provider with a vertical focus on Banking, Financial Services and Insurance (BFSI). Technology Holdings was the exclusive advisor to Synechron on the transaction.

Synechron is one of the fastest growing IT companies in the world, offering next generation technology and consulting solutions and services. Headquartered in New York, Synechron leverages a global delivery model and specializes in the BFSI vertical. The acquisition will significantly enhance Synechron's consulting and systems integration expertise as well as grow its footprint in the European market.

"Team Trade has unique capabilities in software packages like Murex and Calypso, which are widely used by top financial institutions. In addition, we now have an even richer list of European clients such as BNP Paribas, Credit Agricole, Societe Generale, Natixis, and many others," Synechron co-founder and CEO Faisal Husain said.