Synechron acquires UK-based Crossbridge

Crossbridge is a specialist financial services consulting firm based in London

Pune-based technology consulting and outsourcing provider Synechron, today announced the acquisition of Crossbridge, a specialist financial services consulting firm based in London. The financial details of the deal were not disclosed.

The acquisition deepens Synechron's strong financial services expertise and expands its offerings to include business and IT transformation, regulatory services, data, and financial crime. The deal augments Synechron's consulting expertise and consolidates its footprint in the London financial services community and the European market.

"This acquisition is an important milestone for us and it has been our major strategic objective to strengthen our presence in London, since starting out in the US financial services industry in the early 2000s," said Faisal Husain, co-founder and CEO of Synechron."Crossbridge's strong financial services capabilities matched with our unparalleled client service promise and acumen across the financial, business and technology sectors make this collaboration an incredibly fruitful opportunity for us to continue servicing our clients with a gold standard."

This is third acquisition by Synechron in 2015. Earlier this year the firm acquired US-based Usable, a boutique UI/UX design firm, and TeamTrade, a Paris headquartered firm specialicing in software integration and business consulting.

"Our clients have been looking to us to rapidly grow the Crossbridge consulting services, capacity and global footprint, so joining forces with Synechron is a great strategic move. In a rapidly evolving market, we believe that the amalgamation of Synechron's technical consulting focus and Crossbridge's business consulting capabilities creates a leading, full lifecycle financial services consulting proposition," said Tony Clark and Richard Squire, Managing Partners of Crossbridge.

Synechron is a $300-million firm with headquarter in New York. It has over 5,000 professionals operating in 16 countries across the world, it has presence across US, Australia, Canada, UK, Japan, The Netherlands, Hong Kong, Singapore, UAE, Ireland, Germany, Switzerland, Luxembourg, Italy, France, and Development Centers in India.