Australian financial technology company Attra has been acquired by infrastructure technology and consultancy giant Synechron. How much Synechron paid for Attra and other terms of the deal have not been disclosed. Attra’s financial advisor on this transaction is Avendus Capital. Software company Synechron continues its streak of acquisitions with Attra which marks the second deal it has closed in the last 6 weeks. The company acquired a London and NY-based fintech consulting firm, Citihub Digital.
Synechron & Attra on the acquisition
Co-founder and CEO of Synechron, Faisal Husain says the end-to-end payments technology services of Attra will blend perfectly with their digital transformation capabilities. Moving forward, Synechron’s combined workforce will top 10,000+ employees and yearly revenue of more than $650 million. The Attra’s enhanced competencies will allow Synechron to further advance their banking & digital payment technology capabilities of their clients while ensuring regulatory compliance.
Attra CEO, Chris van Buuren says the fintech payments industry is currently experiencing a full-fledged digital transformation which is being fueled by exciting & cutting edge technology advancements and regulatory along with competitive changes. Attra is excited to join forces with Synechron’s passionate team as they continue their mission to be strategic partners with the companies in the financial services industry, he adds. He further adds that together with the software company, Attra aims to empower the financial services industry with a full suite of digitally-led tech services and solutions in payments.
Attra – an Aussie fintech software company
Attra is an Australian payment solutions provider. It is a technology solutions and services provider in the payments, cards and banking domains. The company has stood tall since the past 25 years and has built strong strategic partnerships with international players in the banking and finance service industry.
Attra aims at providing quality-assured and information-secured consulting, app development and quality engineering services. The fintech software company has an international team of about 2000 domain experts. It also has marketing, sales and delivery centres across 13 countries.
After its acquisition, Attra will retain its brand identity but Synechron will be its parent organization. Attra and Synechron’s combined international footprint will enable both the companies to expand their respective geographical reach. The acquisition will further allow the co-development of future-looking solutions via Attra Labs and Synechron’s award winning Financial Innovation Labs (FinLabs).
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