Synechron Payments launches on the back of Attra integration

19 January 2023 3 min. read

In 2020, Synechron acquired payments technology firm Attra. Two years on, the firm has been fully integrated into its parent, under the name Synechron Payments.

Founded in 2005, Attra is a payments solutions provider, which helps clients in the banking, finance and payments industries with the full payments value chain. The Melbourne-headquartered firm’s services span consulting, application development & maintenance, project delivery and engineering services – services which it also offers from six further offices in Asia, the Middle East, Europe and North America.

Synechron is a digital, business consulting and technology services providers, based in New York. Since inception in 2001, Synechron has been on a steep growth trajectory. It now hosts over 14,000 professionals across 18 countries including the US, Canada, the UK, France, the Netherlands, Switzerland, Luxembourg, Serbia, Hungary, Germany, Italy, the UAE, Singapore, Hong Kong, Philippines, Japan, and India.

Synechron Payments launches on the back of Attra integration

The firm’s 2020 acquisition of Attra marked Synechron’s entry into the Australian and New Zealand market – with the addition of its 2,500-strong team giving it a major foothold in the market. Just over two years later, Synechron has brought Attra under its own branding, to launch Synechron Payments.

Attra’s team of payments technology experts, working across the banking finance space, will continue to provide services across the payments value chain. At the same time, Synechron Payments will offer expert consulting, software lifecycle, application development and maintenance, and engineering services to clients worldwide. This capability will be available across all Synechron business centres globally.

Faisal Husain, Synechron’s Co-founder and CEO, commented, “We are pleased to have the talented and dedicated Attra team members around the globe officially join our enriched company as we advance our core mission to bring digital innovation to our clients. Amid a rapidly evolving business landscape, we have important work to do in helping organisations navigate the changes needed to build the foundations for their future business ambitions.”

Co-founder and former Executive Deputy Chairman of Attra, Prasad Guntupalli, will now become head of Synechron Payments, assuming the title of Managing Director. He will now look to continue building on the combined synergies Attra has enjoyed with Synechron, helping it achieve 62% revenue growth as a company.

“We are excited to be integrated under one name and leadership structure as we continue our important work. As one firm, under one unmatched brand, our like-minded teams can provide a more robust digital transformation toolkit of real-world solutions. Our combined strengths will help financial services, banking and technology companies empower their operations and realise their digital realities,” added Guntupalli.

The move sees the Attra brand retired, with all its business operations, practices, offices, employees, and client commitments having been fully transitioned. This is the approach Synechron also deployed when it purchased UK-based financial services tech consultancy Citihub Digital in late 2020, with CitiHub having since been integrated under Synechron’s own branding.