Technology Holdings advises Syncordis, a banking it services company and temenos partner, on its sale to LTI

Dec 2017
Has been acquired by

Banking IT Services

View Transaction Details
Technology Holdings advises Syncordis, a banking it services company and temenos partner, on its sale to LTI
Seller Syncordis
Buyer LTI
Focus Sector Banking IT Services
Date December 2017

Technology Holdings is pleased to announce the sale of our client, Syncordis to LTI, a global technology consulting and digital solutions provider which is part of the $17B Larsen & Toubro Group.

quote "From the time that we started working with Technology Holdings, they became like an extension of our team, managing every step of the complex process of selling a company efficiently, systematically and diligently. We were impressed by their commitment to achieve our targeted objectives, always keeping our best interests in mind, which resulted in us finding a strategic partner that was the best fit for Syncordis, its management and employees. TH's access to buyers globally across the IT solutions industry resulted in multiple strategic offers. We would certainly recommend TH to any company looking to sell."
Guillaume Desjonquere Founder & CEO, Syncordis
Luc Gesquire Co-Founder, Syncordis

Syncordis is a leading banking and financial services IT company with a presence in Luxembourg, France, UK and Chennai, India. Syncordis is one of Europe’s leading core banking and Temenos Digital Banking implementation service providers, with blue chip banking clients and has developed industry leading accelerators to enable faster implementations. Technology Holdings was the exclusive advisor to Syncordis on the transaction.

Syncordis has an exclusive focus on the Temenos core banking platform and is the leading independent pure play Temenos specialist in Europe. Syncordis’ deep expertise in banking and financial services and Temenos implementation skills will assist LTI with expanding its capabilities in banking. Syncordis’ deep domain expertise and local market knowhow helps LTI address the rapidly growing market opportunities for core banking product modernization services. Syncordis’ strong presence in Europe, a growth market for LTI, brings strong synergies.

Sanjay Jalona, CEO & Managing Director, LTI said: “Global Banking IT spend is expected to grow in the coming years and several banks are investing in core banking modernization programs, especially in Europe. This is a very synergistic move for us because Syncordis is one of Europe’s leading core banking implementation service providers with blue chip clients and exclusive expertise to help with faster implementations. This acquisition reaffirms our commitment to the banking sector and to Europe. I am very excited to welcome Syncordis clients, employees and partners to LTI and look forward to the continuing leadership of Guillaume, Luc and Syncordis management.”

Guillaume Desjonqueres, Founder & CEO, Syncordis S.A. said: “Over the years, Syncordis has built an enviable reputation as a leading independent core banking implementation specialist in Europe. Core banking offers huge market opportunities and Syncordis is now positioned as a natural partner for these transformative deals based on Temenos Digital Banking Suites. Acceleration in Temenos deal signings and in pipeline growth positions us well in the near and medium term. Therefore, we see tremendous strategic alignment with LTI’s ambition to expand its footprint in the Banking sector across Europe to continue to take market share. Together, we can help our clients be more competitive, and to deliver innovative services and a digital client experience.”

Luc Gesquiere, Founder & COO, Syncordis S.A. said: “The combination of LTI and Syncordis is a win-win proposition for all stakeholders representing an excellent fit for our clients, employees and our partner Temenos. We are delighted to be joining forces and are confident about accelerated growth due to size and predictability. Together with LTI, we will extend Syncordis’ Temenos Digital Suites implementation leadership in Europe. Along with entire management team of Syncordis, I am committed to our future success.”

Group 9
Transactions
Group 9
Dec 2023
Has been acquired by

Salesforce Consulting & IP

View Transaction Details
Technology Holdings advises ForeFront, a Salesforce Summit Partner, on its strategic sale to NEORIS
Nov 2023
Has been acquired by

ServiceNow Consulting & Managed Services

View Transaction Details
Technology Holdings advises ServiceNow Elite Partner Unifii on its strategic sale to Bain Capital backed Inetum
Nov 2023
Has been acquired by

Management Consulting & Digital Transformation

View Transaction Details
Technology Holdings advises Management Consulting led Digital Transformation Specialist, WINNING Consulting on its strategic sale to Alan Allman Associates
Nov 2023
Has been acquired by

Digital Transformation Agency

View Transaction Details
Technology Holdings advises Digital Transformation Agency, Cyber-Duck on its strategic sale to CACI
Oct 2023
Has been acquired by

B2B Marketing Services & Marketing Automation

View Transaction Details
Technology Holdings advises B2B Marketing & Marketing Automation Specialist, Quarry on its sale to private equity fund, RTC Partners
Aug 2023
Has been acquired by

Fintech Software Engineering

View Transaction Details
Technology Holdings advises Woodridge Software, a Fintech Software Development Company, on its sale to RCG Global Services
Jun 2023
Has been acquired by

Software Engineering, Telco & Embedded Systems

View Transaction Details
Technology Holdings advises DEK Technologies, a Software Engineering and Embedded Systems Specialist, on its strategic sale to Endava
May 2023
Has been acquired by

Life Sciences Commercialization & Marketing

View Transaction Details
Technology Holdings advises The Kinetix Group, a Life Sciences Commercialization and Marketing company, on its sale to Petauri Health
Apr 2023
Technology Holdings is pleased to announce that it has acted as the exclusive financial advisor to AIOPSGROUP, a digital commerce specialist on its strategic sale to valantic, a Munich-headquartered digital solutions, consulting and software company with more than 500 large clients, including 32 of the 40 listed German blue chips.
Has been acquired by
TECHNOLOGY HOLDINGS ADVISES AIOPSGROUP, A DIGITAL COMMERCE, SALESFORCE AND AIOPS SPECIALIST, ON ITS STRATEGIC SALE TO VALANTIC

Digital Commerce, Salesforce & AIOPs

View Transaction Details
Technology Holdings advises AIOPSGROUP, a Digital Commerce, Salesforce and AIOPs specialist, on its strategic sale to valantic
Mar 2023
Technology Holdings is pleased to announce that it has acted as the exclusive financial advisor to SUAZIO, a leading data-driven Life Sciences and MedTech consultancy on its strategic sale to NAMSA, the world's leading MedTech CRO, an Archimed portfolio company headquartered in the United States.
Has been acquired by

Life Sciences & MedTech Consulting

View Transaction Details
Technology Holdings advises SUAZIO, A Data-Driven Life Sciences and MedTech Strategic Consultancy, on its strategic sale to NAMSA
Feb 2023
Has been acquired by

Hyperautomation, AI & Data Science

View Transaction Details
Technology Holdings advises Humans4Help, a Hyperautomation, AI & Data Science Specialist, on its strategic sale to Alan Allman Associates
Nov 2022
Has been acquired by

Capital Markets Technology Services

View Transaction Details
Technology Holdings advises TeamTek Consulting, a Capital Markets Technology specialist, on its strategic sale to Accolite Digital
Oct 2022
Has been acquired by

Insurance Technology Services

View Transaction Details
Technology Holdings advises Insurance Technology Specialist, Blackcomb, on its strategic sale to Accenture
Aug 2022
Has been acquired by

ServiceNow Consulting & IP

View Transaction Details
Technology Holdings advises one of the largest Servicenow partners globally, Enable, on its strategic sale to Fujitsu
Jun 2022
Has been acquired by

ServiceNow Consulting

View Transaction Details
Technology Holdings advises ServiceNow Partner Do it Wise on its strategic sale to Inetum
Jun 2022
Has been acquired by

Digital Banking & Wealth Management

View Transaction Details
Technology Holdings advises Digital Banking and Wealth Management IT expert, Confinale on its strategic sale to HCL Technologies