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Synechron Inc. acquires Australia based company Attra

Madhushree Chakrabarty December 11, 2020
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Digital Transformation consulting firm for the financial services industry, Synechron Inc. announced its acquisition of an Australia-based technology services and solutions provider company, Attra. After the acquisition the company will retain its brand identity, but will become a Synechron company. Attra has a global team of 2000 tech experts in the the banking and payments domains, which will add to the vast pool of talent of Synechron. The acquisition will also enable both the companies to expand its geographical span further.

Faisal Husain, Co-founder and Chief Executive Officer of Synechron, explained, “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.” 

Founded in 1995, Attra brings in 25 years of domain expertise in application development & maintenance, consulting and quality engineering services to clients worldwide, across the payments value chain. Attra offers four key industry verticals – Third-party Payment Processors and Payment Gateways, Retailers, Next-Generation Payments and FI and Payment Companies.

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