Synechron announced the acquisition of Attra, an Australia-based technology services and solutions provider.
Attra is focused on the banking, finance, and payments industries, and has a global delivery footprint in Australia, New Zealand, North America, Europe, the Middle East, and APAC. It has development centres in Melbourne, Australia; Dubai, UAE; and Bengaluru, Hyderabad, and Pune, India.
Attra’s cards and payments services complement the digital, consulting, and technology services that Synechron currently provides for its clients. Attra’s core offerings serve segments such as FI and payment companies, Third-party Payment Processors, and payment gateways, retailers.
Post-acquisition, Attra will retain its brand identity but become a Synechron company. Attra’s global team of around 2,000 technology experts in the banking and payments domains will add to Synechron’s pool of talent. Terms of the deal have not been disclosed. Avendus Capital is Attra’s financial advisor on this transaction.
Faisal Husain, Co-founder and Chief Executive Officer of Synechron, said:
“We provide our clients with a comprehensive set of digital transformation capabilities and 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 $650M+. The enhanced competencies that Attra brings will allow us to further advance our clients’ banking & digital payment technology services while ensuring regulatory compliance.” He added, “Attra’s end-to-end payments technology services will blend nicely with our digital innovation that is at the very core of Synechron’s DNA. We welcome the Attra team into the Synechron family.”
Chris van Buuren, CEO of Attra, commented:
“The payments industry is experiencing a full-fledged digital transformation that is being fueled by exciting new technology advancements and regulatory and competitive changes. We are very excited to join with the passionate team at Synechron as we continue our mission to be strategic partners with organizations in the financial services industry and empower them with a full suite of digitally-led technology services and solutions in payments.”
