Synechron Acquires Citihub Digital Monday, October 26, 2020 - New York, Charlotte, Toronto, London, Paris, Amsterdam, Dubai, Singapore, Hong Kong, Mumbai, Pune, Bangalore and Hyderabad
Joining Forces! Taking Digital to the Next Level.
Synechron Inc., a leading Digital Transformation consulting firm for the financial services industry, today announced the acquisition of Citihub Digital, a London and New York based technology consulting firm for the financial services industry. The acquisition expands Synechron’s existing capabilities and strength in areas across the Digital Enterprise, with Citihub Digital’s strong focus on application modernization, cloud enablement, cybersecurity and operating model transformation. The global demand for strategic business solutions that are built using modern technology architectures is driving transformation across the financial services and insurance industries. Citihub Digital’s competency stands aligned with Synechron’s brand promise of Accelerating Digital initiatives for banks, asset managers, and insurance companies around the world.
With this acquisition, Citihub Digital brings Synechron a team of senior-level consultants with an average of 15 to 25 years of experience and deep expertise across banking and capital markets. Synechron’s innovation work and Citihub’s stellar competencies will lead to continued growth for the combined firms specifically in key financial markets including North America, Europe and APAC.
Post-acquisition, the firms will service many of the biggest logos in financial services including 9 of the top 10 global banks and will present clients with a comprehensive set of digital transformation capabilities.
Faisal Husain, Co-founder and Chief Executive Officer of Synechron explained, “This acquisition continues to build on our depth of expertise in Digital Transformation consulting for financial services and insurance firms. Citihub Digital’s senior consultants specialize in bringing together business domain and technical topics which require knowledge across multiple capabilities such as strategy, application development and cybersecurity, making them a perfect fit with Synechron’s existing capabilities. I am proud to welcome Citihub Digital into Synechron.”
Chris Allison, Co-founder and Managing Director of Citihub Digital said, “We have seen a significant amount of growth in the last year, and Synechron is the best partner to enable us to take that to the next level. We were impressed with the investments Synechron has made in its Financial Innovation Labs (FinLabs) in key financial markets, its R&D efforts and its award-winning Accelerators to lead the industry in areas like AI, Data Science, InsurTech, WealthTech, RegTech and Blockchain. We firmly believe that our clients will receive enormous value with the added power and global scale that Synechron can provide.”
About Citihub Digital
Citihub Digital is a technical consulting firm focused on application modernization, cloud enablement, cybersecurity and operating model transformation for the financial services industry. Headquartered in the UK, it has offices in New York, Toronto and Hong Kong with a core client set of Tier-1 banks. Citihub Digital consultants specialize in bringing together business domains and technical topics which require knowledge across multiple functions such as strategy, application development, infrastructure, regulation and security (e.g. continuous compliance for cloud). Citihub has been featured in four separate Sunday Times Fast Track award rankings as one of the fastest growing UK private firms; won specialist consultancy awards in 2017 and 2018; and has been recognized by the Financial Times from 2018 to 2020 as one of the UK's leading management consultancies. For more information on the company, please visit www.citihub.com or LinkedIn.
Synechron is a leading Digital Transformation Consulting firm for financial services, Accelerating Digital for financial institutions by providing innovative solutions to the financial services industry through three main business focus areas: Digital, Business Consulting, and Technology. Based in New York, our company has 18 offices around the globe, with over 8,000 employees producing over $550+M in annual revenue. For more information on the company, please visit our LinkedIn community.
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