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Global digital consultancy firm Synechron is on a buying spree in Australia with today's announcement of a definitive agreement to acquire Adelaide-based Chamonix IT Management Consulting and Exposé Data for an undisclosed sum.
The agreement struck with New York-headquartered Synechron is still subject to Foreign Investment Review Board (FIRB) approval, and follows the acquisition of Melbourne-based digital engineering company iGreenData in mid-May.
Established in 2010, Chamonix IT is a leading digital transformation services provider in South Australia and also has operations in Melbourne and Brisbane, with a skilled team of approximately 150 professionals.
Chamonix IT's founders Geoff Rohrsheim, Kelly Drewett and Etienne Oosthuysen established Exposé as a new company in 2016 to bring the same level of expertise, this time focused specifically on data science and engineering, data modelling and visualisation, and artificial intelligence.
Among the fastest-growing IT organizations in Australia, Exposé currently has a team of approximately 50 people across the country.
The two organisations will join join Synechron's core digital transformation consulting business alongside recently acquired iGreenData, which expanded Synechron's data and blockchain expertise in the financial services sector.
With these additions, Synechron has effectively doubled its presence in the country, achieving coverage across major sectors.
"We look forward to welcoming Chamonix IT and Exposé into the Synechron family when the acquisition is completed," says Synechron co-founder and CEO Faisal Husain.
"They will enrich our presence in Australia, bringing fresh expertise and capabilities that complement our ongoing commitment in the region.
"This move will enhance our service offerings and drive significant value, strengthening our strategy of continuous innovation and client-focused solutions."
Executives at Chamonix IT and Exposé described joining Synechron as significant milestone and a massive opportunity.
"Our shared dedication to excellence and innovation means we're exceptionally positioned to offer transformative digital solutions that are second to none," says Chamonix IT CEO Scott Grigg, who is also a director at Exposé.
"Becoming part of the Synechron family represents a massive opportunity. It accelerates our ability to innovate and empowers our employees to take on even more complex challenges on behalf of our clients," adds Exposé CEO and co-founder Kelly Drewett.
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