30/09/2015
· United Kingdom · Financial Services · Equiteq , Synechron
Synechron, the largest independent pure-play technology consulting and outsourcing provider for the financial services industry, has announced the acquisition of Crossbridge, a specialist financial services consulting firm based in London. 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 extensively 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 U.S. 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.”
Synechron’s aggressive growth strategy combines a foundation of strong organic growth with an acquisition approach to accelerate entry in strategic areas and geographies. The Crossbridge transaction marks the third acquisition in 2015 and a continuation of an effort to enhance the delivery of Synechron’s core values: Customer Satisfaction, Integrity, Excellence, Execution and Agility. Synechron’s previous 2015 acquisitions include:
usable: a NYC-based boutique UI/UX design firm, acquired to strengthen and further expand Synechron’s digital design and user interface/user experience capabilities. TeamTrade: a Paris-based firm specializing in software integration and business consulting, acquired to enhance Synechron’s consulting and systems integration expertise. Speaking about the acquisition, Tony Clark and Richard Squire, Managing Partners of Crossbridge said,“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. We are delighted to be part of a team with technical depth and scale, which is absolutely well aligned with our Transformation, Regulation, Financial Crime, Data and Digital practice areas. 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.”
About Synechron
Synechron, the largest independent pure-play technology consulting and outsourcing provider for the financial services industry is a $300 million firm based in New York. Since inception in 2001, Synechron has been on a steep growth trajectory. With 5,000+ professionals operating in 16 countries across the world, it has presence across U.S., Australia, Canada, UK, Japan, The Netherlands, Hong Kong, Singapore, UAE, Ireland, Germany, Switzerland, Luxembourg, Italy, France, and Development Centers in India. About Crossbridge
Crossbridge is a specialist consultancy focused exclusively on Financial Services. Crossbridge helps clients address critical business priorities covering technology, operational strategy and change across functions, locations and product lines, through four practice areas: Regulatory Services, Financial Crime, Data and Business & IT Transformation. Established in 2008 in London, Crossbridge’s specialist consultants provide expertise and practical experience in solving current industry challenges to top tier clients.

Synechron acquires Crossbridge, London-based specialist financial services consulting firm, from Equiteq

Synechron Acquires Crossbridge - Strengthens Consulting Expertise and      Consolidates Presence in London
Acquisition enhances market share in London and deepens financial      services expertise & offerings
September 29, 2015 03:30 AM Eastern Daylight Time
LONDON & NEW YORK & PUNE, India & DUBAI, United Arab Emirates--( BUSINESS WIRE )--Synechron, the largest independent pure-play technology consulting and      outsourcing provider for the financial services industry, today      announced the acquisition of Crossbridge, a specialist financial      services consulting firm based in London. 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 extensively      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 U.S. 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.”
Synechron’s aggressive growth strategy combines a foundation of strong      organic growth with an acquisition approach to accelerate entry in      strategic areas and geographies. The Crossbridge transaction marks the      third acquisition in 2015 and a continuation of an effort to enhance the      delivery of Synechron’s core values: Customer Satisfaction, Integrity,      Excellence, Execution and Agility. Synechron’s previous 2015      acquisitions include:
usable: a NYC-based boutique UI/UX design firm, acquired to        strengthen and further expand Synechron’s digital design and user        interface/user experience capabilities. TeamTrade: a Paris-based firm specializing in software        integration and business consulting, acquired to enhance Synechron’s        consulting and systems integration expertise. Speaking about the acquisition, Tony Clark and Richard Squire,      Managing Partners of Crossbridge said, “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. We are delighted to be part of a team with      technical depth and scale, which is absolutely well aligned with our      Transformation, Regulation, Financial Crime, Data and Digital practice      areas. 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.”
About Synechron
Synechron, the largest independent pure-play technology consulting and      outsourcing provider for the financial services industry is a $300      million firm based in New York. Since inception in 2001, Synechron has      been on a steep growth trajectory. With 5,000+ professionals operating      in 16 countries across the world, it has presence across U.S.,      Australia, Canada, UK, Japan, The Netherlands, Hong Kong, Singapore,      UAE, Ireland, Germany, Switzerland, Luxembourg, Italy, France, and      Development Centers in India. About Crossbridge
Crossbridge is a specialist consultancy focused exclusively on Financial      Services. Crossbridge helps clients address critical business priorities      covering technology, operational strategy and change across functions,      locations and product lines, through four practice areas: Regulatory      Services, Financial Crime, Data and Business & IT Transformation. Established in 2008 in London, Crossbridge’s specialist consultants      provide expertise and practical experience in solving current industry      challenges to top tier clients. Contacts

Synechron Acquires Crossbridge - Strengthens Consulting Expertise and Consolidates Presence in London

Synechron neemt Crossbridge over - versterkt consulting expertise en      verstevigt aanwezigheid in Londen
Overname vergroot marktaandeel in Londen en verbreedt de expertise en      het aanbod op het gebied van financiële diensten
September 29, 2015 03:30 AM Eastern Daylight Time
LONDEN, NEW YORK, POONA, India en DUBAI, Verenigde Arabische Emiraten--( BUSINESS WIRE )--Synechron, de grootste onafhankelijke consulting en outsourcing provider      op het gebied van pure-play technologie voor de financiële      dienstensector, heeft vandaag de overname aangekondigd van Crossbridge,      een specialistisch adviesbureau voor financiële diensten, gevestigd in      Londen. De overname resulteert in een verbreding van de uitgebreide expertise      van Synechron op het gebied van financiële diensten, en een uitbreiding      van het aanbod naar Business & IT Transformation, Regulatory Services,      Data, en Financial Crime. De deal leidt tot een aanzienlijke verbreding      van de consulting expertise van Synechron en verstevigt de aanwezigheid      van het bedrijf binnen de financiële dienstensector in Londen en op de      Europese markt. “Deze overname vormt een belangrijke mijlpaal voor ons. Het versterken      van onze aanwezigheid in Londen is onze belangrijkste strategische      doelstelling geweest sinds het begin van onze activiteiten binnen de      Amerikaanse financiële dienstensector aan het begin van de jaren 2000,” aldus      Faisal Husain, mede-oprichter en CEO van Synechron. “Dankzij de      kracht van Crossbridge op het gebied van de financiële dienstverlening,      gekoppeld aan onze toewijding tot een ongeëvenaarde dienstverlening aan      onze cliënten en onze scherpe inzichten in de financiële, zakelijke en      technologiesector, is deze samenwerking een unieke gelegenheid voor ons      om onze cliënten ook in de toekomst volgens de gouden standaard van      dienst te kunnen zijn, hetgeen zeker vruchten zal afwerpen.”
De agressieve groeistrategie van Synechron koppelt een fundament van      sterke organische groei aan een overnamebeleid om de toegang tot      strategische sectoren en geografische gebieden te versnellen. De      Crossbridge-transactie is al de derde overname in 2015 en vormt een      voortzetting van de inspanning om invulling te geven aan de kernwaarden      van Synechron: klanttevredenheid, integriteit, excellentie, uitvoering      en wendbaarheid. De eerdere overnames van Synechron in 2015 waren:
usable: een in New York City gevestigd boutique        UI/UX-designbureau, overgenomen om de mogelijkheden van Synechron op        het gebied van digitaal design en        gebruikersinterface/gebruikersbeleving te versterken en te verbreden. TeamTrade: een in Parijs gevestigd bureau, gespecialiseerd in        software-integratie en business consulting, overgenomen om de        expertise van Synechron op het gebied van consulting en        systeemintegratie te verdiepen. Met betrekking tot de overname, zeiden Tony Clark en Richard Squire,      Managing Partners van Crossbridge het volgende: “De uitbreiding van      de consulting services, capaciteit en wereldwijde voetafdruk van      Crossbridge is iets waar onze cliënten al geruime tijd naar uitkijken. Het bundelen van onze krachten met Synechron is daarom een uitstekende      strategische zet. Het verheugt ons zeer onderdeel te zijn van een team      met technische diepte en schaal, dat perfect is uitgelijnd met onze      activiteiten op het gebied van Transformation, Regulation, Financial      Crime, Data en Digital Gelet op het feit dat de ontwikkelingen binnen de      markt elkaar in hoog tempo opvolgen, zijn we ervan overtuigd dat de      combinatie van de focus van Synechron op technische consulting en de      mogelijkheden van Crossbridge op het gebied van business consulting      leidt tot de totstandkoming van een toonaangevende, full lifecycle      consulting grootmacht op het gebied van financiële dienstverlening.”
Over Synechron
Synechron, de grootste onafhankelijke consulting en outsourcing provider      op het gebied van pure-play technologie voor de financiële      dienstensector is een onderneming met een omzet van $300 miljoen,      gevestigd in New York. Reeds vanaf de oprichting in 2001 hanteert      Synechron een agressieve groeistrategie. Het bedrijf heeft meer dan 5000      medewerkers in dienst in 16 landen, verspreid over de hele wereld. Het      bedrijf is vertegenwoordigd in de VS, Australië, Canada, het Verenigd      Koninkrijk, Japan, Nederland, Hongkong, Singapore, Verenigde Arabische      Emiraten, Ierland, Duitsland, Zwitserland, Luxemburg, Italië en      Frankrijk, en beschikt over Development Centers in India. Over Crossbridge
Crossbridge is een specialistisch consultancybureau, exclusief gericht      op de financiële dienstensector. Crossbridge helpt cliënten bij de      aanpak van kritieke zakelijke prioriteiten, zoals technologie,      operationele strategie en veranderingen op het gebied van functies,      locaties en productlijnen, door middel van vier activiteitengebieden:      Regulatory Services, Financial Crime, Data en Business & IT      Transformation. Crossbridge werd in 2008 opgericht in Londen. De      specialistische consultants van Crossbridge beschikken over expertise en      praktijkervaring op het gebied van de oplossing van actuele uitdagingen      binnen de sector ten behoeve van cliënten uit het hoogste segment. Deze bekendmaking is officieel geldend in de originele brontaal. Vertalingen zijn slechts als leeshulp bedoeld en moeten worden      vergeleken met de tekst in de brontaal, welke als enige rechtsgeldig is. Contacts

Synechron neemt Crossbridge over - versterkt consulting expertise en verstevigt aanwezigheid in Londen

shiwen@dealstreetasia.com
September 29, 2015: &nbsp
Synechron , capital markets-focus IT firm, which functions as a pure-play technology consulting and outsourcing provider for financial service firms, has acquired of Crossbridge , a specialist financial services consulting firm based in London for an undisclosed consideration. The acquisition deepens Synechron’s strong financial services expertise and expands its offerings to include business and IT transformation, regulatory services, as well as data and financial crime. Synchrony maintains a force in excess of  5000 professionals operating across 16 countries globally. with a presence in the US, Australia, Canada, UK, Japan, The Netherlands, Hong Kong, Singapore, UAE, Ireland, Germany, Switzerland, Luxembourg, Italy, France, and development centres in India. The Crossbridge transaction marks the firm’s third acquisition for 2015. Previous acquisitions for the year include:  usable , an NYC-based boutique UI/UX design firm acquired to strengthen and expand Synechron’s digital design and user interface/user experience capabilities; and  TeamTrade : a Paris-based firm specialising in software integration and business consulting. The vertical-supplementary acquisition extensively augments Synechron’s consulting expertise and consolidates its footprint in the London financial services community and European market. Commenting on the acquisition, Faisal Husain , co-founder and CEO of Synechron, said, “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 U.S. financial services industry in the early 2000s. Husain added, “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.”
Synchron adopts an aggressive growth strategy which combines both strong organic growth with acquisitions designed to accelerate market entry in strategic market segments and geographies. Speaking about the acquisition, Tony Clark and Richard Squire , managing partners of Crossbridge stated: “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. We are delighted to be part of a team with technical depth and scale.”
They added, “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.”
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Capital markets focussed IT co Synechron acquires London-based Crossbridge

Sale of financial services consultancy firm represents good result for Equitec
Done deal: Equitec is ending a fruitful relationship with Crossbridge
Date: 29 September 2015
Equiteq has announced the sale of its client Crossbridge, a specialist financial services consulting firm based in London, to Synechron, the largest independent pure-play technology consulting and outsourcing provider for the financial services industry. Equiteq, the lead M&A advisor for the deal, is a consulting sector merger and acquisition specialist, providing both growth advisory and M&A transaction services to the global consulting and IT services industry. Established in 2008, Crossbridge is a specialist consultancy focused exclusively on Financial Services which helps clients address critical business priorities covering technology, operational strategy and change. 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 extensively augments Synechron’s Consulting expertise and consolidates its footprint in the London financial services community and the European market. >See also: Eight Road invests $17m in More2
Speaking about the acquisition, Tony Clark and Richard Squire, Managing Partners of Crossbridge said, “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. "We are delighted to be part of a team with technical depth and scale which is absolutely well aligned with our Transformation, Regulation, Financial Crime, Data and Digital practice areas. In a rapidly evolving market, we believe that the amalgamation of Synechron's technical consulting focus and Crossbridge's business consulting capabilities creates a truly leading full lifecycle financial services consulting proposition”. Dan Bowtell, Lead Advisor for Equiteq said “Crossbridge is a fantastic example of how to grow and create value in a consulting firm that utilises a hybrid model. The business has created a pretty unique delivery model for clients in the Financial Services market which the combination with Synechron will only strengthen and expand. ”
Tim Cuddeford, Chairman of Crossbridge, added: “Equiteq have been valued advisors to Crossbridge over several years, and worked hard to understand us and our business. The process provided us with a number of strategic options, which they expertly assessed, explained and negotiated on our behalf. When it came to establishing the excellent fit with Synechron, they went the extra mile to ensure we took the right decisions.”

Equiteq sells financial services consultancy Crossbridge to 
Synechron

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Everfuel

NEW YORK -- -- Crossbridge announces that it has reached a final agreement with Everfuel for the offtake of green hydrogen from Everfuel 's anticipated 300MW electrolyser plant .

Crossbridge Energy A/S and Everfuel Finalize Phase 2a Green Hydrogen Agreement

Acquired

Crossbridge is a specialist consultancy focused exclusively on Financial Services. The company helps clients address critical business priorities covering technology, operational strategy and change across functions, locations and product lines, through four practice areas: Regulatory Services, Financial Crime, Data and Business & IT Transformation.

Date	9/29/2015
Round	Acquired
Amount
Investors	Synechron
Valuation	$XXM
Revenue	0 FY undefined
Sources	3

First funding	9/29/2015
Last Funding	9/29/2015
Investor	Synechron
Rounds	1 Acquired
Board Seats
Type	Corporation
Location	New York

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