Expanding competencies with end-to-end banking and payments technology services
Synechron Inc., a leading Digital Transformation consulting firm for the financial services industry, today announced the acquisition of Attra, an Australia-based technology services and solutions provider, headquartered in Melbourne, and focused on the banking, finance, and payments industries. Attra is one of the leading pure play payments solutions providers with a global delivery footprint in Australia, New Zealand, North America, Europe, the Middle East, and APAC. It has development centers in Melbourne, Australia; Dubai, UAE; and Bengaluru, Hyderabad, and Pune, India.
Founded in 1995, Attra brings Synechron 25 years of deep domain expertise in providing consulting, application development & maintenance, and quality engineering services to clients worldwide, across the payments value chain. Attra’s comprehensive cards and payments services complement the digital, consulting, and technology services that Synechron currently provides for its clients.
Attra’s core offerings span the entire software lifecycle, with end-to-end offerings across four key industry verticals – FI and Payment Companies, Third-party Payment Processors and Payment Gateways, Retailers, and Next-Generation Payments. Synechron will further strengthen its technology capabilities through the addition of Attra’s core technology horizontals focused on Payment & Banking Platforms; Intelligent Automation; IT Infrastructure & Cloud; UI/UX, Mobility & Channels; and Information Management.
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 already vast pool of talent. Synechron’s and Attra’s combined global footprint will enable both to further expand its geographic span. This alignment will also enable the co-development of future-looking innovative solutions, both through Synechron’s 13 award-winning global Financial Innovation Labs (FinLabs) and Attra Labs, which prides itself on enabling the future now, by engineering payment solutions and creating tools and processes that shape the evolution of technology.
Terms of the deal have not been disclosed. Avendus Capital is Attra’s financial advisor on this transaction.
This acquisition of Attra marks the second acquisition Synechron has closed in the past six weeks. On October 23, Synechron announced its acquisition of Citihub Digital, a London and New York-based technology consulting firm for the financial services industry. Citihub Digital brought Synechron expert competencies on application modernization, cloud enablement, cybersecurity and operating model transformation. Both acquisitions renew Synechron’s deep commitment to partner with top-notch digital transformation companies and their domain experts in accelerating digital for the entire financial services ecosystem across the globe.
Friday, December 11, 2020 - New York, Toronto, Charlotte, London, Paris, Amsterdam, Dubai, Singapore, Hong Kong, Bangkok, Melbourne, Sydney, Auckland, Mumbai, Pune, Bangalore and Hyderabad.
