New York and London - Synechron, the consulting and technology provider, has announced the acquisition of Hatstand, the financial services consultancy and capital markets specialist.
"All industries, and financial services in particular, are feeling the pressure to modernize and leverage new technologies to more effectively compete," explains Faisal Husain, Chief Executive Officer of Synechron. "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."
Adam Bennett, President and Executive Chairman of Hatstand, said of the acquisition, "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."