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Synechron Acquires Attra in its biggest acquisition till date

Synechron 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.

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.

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.”

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