Transforming Financial Services: Synechron's Major Acquisitions
With the recent acquisitions of RapDev, Calitii, and Waivgen, Synechron is set to redefine its global ServiceNow capabilities.
Synechron is a prominent digital transformation consulting firm that has gained recognition in the financial services sector after successfully acquiring three innovative firms: RapDev, Calitii, and Waivgen. Together, these acquisitions create the largest ServiceNow practice tailored specifically for the financial sector. The integration enables Synechron to leverage ServiceNow's robust cloud-based platform, enhancing enterprises' capabilities to streamline workflows and implement AI-driven solutions.
Historically focused on banking, financial services, and insurance, Synechron’s expanded expertise now allows it to cater to diverse industries such as healthcare, pharmaceuticals, energy, utilities, and aviation. This strategic move marks a new chapter in the company's journey, broadening its reach and enhancing its service offerings.
Faisal Husain, CEO of Synechron, expressed enthusiasm about the acquisitions, stating, "Bringing RapDev, Calitii, and Waivgen together is pivotal for our growth. The immense power of ServiceNow allows us to provide exceptional value while tapping into the industry knowledge and technical capabilities of our new team."
Each acquired company brings its unique strengths to the table. RapDev is recognized as the world’s largest Datadog partner, enhancing Synechron's data analytics capabilities. On the other hand, Waivgen's status as a leading Appian partner complements Synechron’s offerings in process automation. Calitii stands out with its deep expertise in architecting comprehensive ServiceNow implementations for major banking institutions.
Furthermore, the innovative use of AI across these three firms adds significant value. Waivgen, for instance, boasts an extensive library of AI agents specifically designed to empower large financial institutions in their digital transformation journeys.
As shared by Tameem Hourani, CEO of RapDev, the decision to join Synechron stemmed from its people, culture, and entrepreneurial spirit. This collaboration is viewed as a major opportunity for accelerated global growth.
Calitii's CEO, Patrick O’Connor, echoed similar sentiments, highlighting the synergy between Calitii and Synechron in driving innovation within the banking sector. The partnership reflects a shared commitment to enhancing clients' technological capabilities and expediting their AI integration.
Arjun Devadas, CEO of Waivgen, added that their combined expertise in platform technology and investment in AI will allow them to present advanced solutions on a global scale.
About Synechron
Synechron embodies the principles of digital transformation to inspire meaningful change. As a reputable technology consulting firm, it fuses creativity with cutting-edge innovation to provide bespoke solutions. The firm specializes in various domains including artificial intelligence, cybersecurity, consulting, digital platforms, cloud solutions, DevOps, and data engineering.
With over 16,000 employees operating from 60 global offices across more than 20 countries, Synechron continually adapts its innovative strategies to meet clients' evolving requirements. Through its research and development division, known as FinLabs, the company has earned accolades for its adaptable solutions.
For inquiries, please contact:
Rashmi Joshi
Head – Global PR, Media and Analyst Relations
Synechron
(+91) 95606-94654
Frequently Asked Questions
What is the significance of Synechron's acquisitions?
The acquisitions enhance Synechron's capabilities in ServiceNow, making it the largest practice focused on financial services globally.
How does ServiceNow benefit enterprises?
ServiceNow provides a cloud-based platform that streamlines workflows and integrates AI into core operations, enhancing efficiency.
Which sectors does Synechron aim to serve with its expanded capabilities?
Aside from financial services, Synechron aims to serve healthcare, pharmaceuticals, energy, utilities, and aviation sectors.
Who are the key leaders involved in the acquisitions?
Faisal Husain, Tameem Hourani, Patrick O’Connor, and Arjun Devadas are among the key leaders pivotal to this strategic move.
What unique strengths do the acquired firms bring to Synechron?
Each firm specializes in different areas like AI integration, data analytics, and ServiceNow implementations, enriching Synechron's overall offering.
