Synechron announces the procurement of a global financial services consultancy and capital markets specialist named Hatstand.
As the company is focused on global consulting and technology organization for financial service industry; with this acquisition, the company stated to broaden its scope towards the areas such as cybersecurity, market data and risk and regulatory compliance.
Synechron is reported to leverage innovations such as artificial intelligence, blockchain and digital to simplify financial firms technological glitches and the acquisition is reckon to further bolster its integrating data management expertise.
The combined business proposition will offer financial services organizations access to expert, end-to-end solutions, delivered at scale in an agile and cost-effective manner.
Stating on the development, Faisal Husain, Co-founder and Chief Executive Officer of Synechron said, “All industries, and financial services in particular, are feeling the pressure to modernize and leverage new technologies to more effectively compete.” “As a result, our clients are being forced to rethink their digital strategies. This acquisition addresses the growing need for expert consulting that offers leadership with innovation.”
Brad O’Brien, Chief Executive Officer of Hatstand, added, “Becoming part of a company with Synechron’s global footprint and scale will add greater breadth of resources, richer expertise on projects, and true end-to-end service benefits.”
Citing on the acquisition, Adam Bennett, President and Executive Chairman of Hatstand, said, “We share the same vision as Synechron, in terms of delivering the highest quality service and investing in our people. This move represents a natural next step in our continued growth, and we are looking forward to being able to offer our clients extended capabilities and reach.”