Thursday 20 January 2022

US-based consulting, technology and managed transformational services provider Prodapt has acquired network transformational and managed services provider Synophic Worldwide, the company said.

Founded in 2009, Synophic employs over 600+ people globally, and is a partner for leading OEMs/NEMs, ISVs, and Enterprises for their technical depth and matured managed services execution in the network design, engineering, and NOC services.

This acquisition further expands Prodapt's presence in the US/LATAM regions and provides an entry into the APAC markets including Japan, Philippines, and Australia.

Prodapt had earlier announced plans to invest USD 45m in deepening its capabilities in network virtualization and cloudification segment, and the Synophic acquisition is part of this investment strategy.

Additional investments have been planned in areas around Network cloud, Autonomous networks, and NetSecOps.

With Synophic's acquisition, Prodapt strengthens its network services portfolio and enables Prodapt to offer end-to-end services around network transformation, network orchestration, and automation to network-managed services.

Synophic is Prodapt's third acquisition this financial year. Prodapt earlier announced the acquisitions of Innovative Logic and SLR Dynamics.

These acquisitions further enhance Prodapt as the partner of choice for the largest companies in the Connectedness vertical.

Avendus Capital was the exclusive financial advisor to Prodapt on this transaction while BDA Partners acted as the exclusive financial advisor to Synophic Worldwide.

Prodapt has a singular focus on the Connectedness vertical. Prodapt's customers range from telecom operators, digital / multi-service providers (D/MSPs), technology and digital platform companies in the business of connectedness.

Prodapt builds, integrates, and operates solutions enabling next-generation technologies and innovations.

Prodapt has offices in North America, Europe, Latam, India, and Africa. It is part of the 120-year-old business conglomerate, The Jhaver Group, which employs over 22,000 people across 64+ locations globally.

Synophic Worldwide is a global provider of Managed Services and Network Transformation services for enterprises and service providers.

Synophic provides design, automation, integration services and manages large, complex, and mission-critical environments for customers in 20+ countries with operations in the US, Australia, Japan, Mexico, Philippines, Colombia, India, and Chile.