Synechron acquires financial services consulting firm Crossbridge

Synechron, New York-based IT outsourcing and consulting firm, has acquired London-based financial services consulting firm Crossbridge.

Financial details were not disclosed.

Synechron employs 5,500 personnel globally and has more than 50 percent of its personnel based out of India.

The deal is expected to augment Synechron’s expertise and consolidates its footprint in London and the European markets.

Synechron aims to expand offerings to include business and IT transformation, regulatory services, data and financial crime.

“This acquisition has been our major strategic objective to strengthen our presence in London, since starting out in the US financial services industry in the early 2000s,” said Faisal Husain, CEO of Synechron.

This is the third acquisition for the company in 2015. In January, Synechron acquired Team Trade, a Paris-based firm specializing in software integration and business consulting.

In July, Synechron acquired ‘usable’, a New York-based boutique user interface and user experience design firm.

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