IT services firm Synechron today said it has acquired Paris-based Team Trade which specialises insoftware integration and business consulting, for an undisclosed amount.
The acquisition by the New York-Based Synechron is to expand its footprints in Europe.
“Synechron expects the acquisition to further accelerate its fast-track growth. With Team Trade, Synechron’s annualised run-rate revenue will be in excess of USD 285 million, the firm said in a statement.
Synechron provides a range of software solutions with a vertical focus in capital markets, insurance, banking and digital sectors.
“This acquisition will significantly enhance Synechron’s consulting and systems integration expertise as well as grow its footprint in the European market,” the firm added.
Team Trade will operate as an independent company after the acquisition and will continue to take the joint value proposition to its customers, Synechron said.