Synechron Acquires Dreamix
Synechron, a leading global
digital transformation consulting firm focused on financial services and
technology organizations, announced its acquisition of Dreamix, a custom software
development company founded in 2006. Dreamix, headquartered in Sofia, Bulgaria,
is a bespoke end-to-end software engineering and digital product/application
development company. Dreamix caters to the customized needs of an array
of globally renowned enterprise clients across key industries, including
Aviation, Transportation, RegTech, FinTech, ESG and Healthcare. The acquisition
of Dreamix was completed on March 26, 2024.
This business combination enables the
two companies to align synergies under a common theme of building and successfully
delivering first-class, modern business solutions to clients, with their unique
business needs as the top focus. Synechron’s DNA, which includes a drive for
creating innovative, digitally forward, and cutting-edge solutions,
strategically integrates with Dreamix’s depth of experience across multiple
technologies and platforms within the software engineering lifecycle. Moreover,
this tie up also facilitates Synechron’s further development of outsourcing
services with Dreamix as Bulgaria continues to be one of the leaders in the
European region for digital product engineering. Technology Holdings acted as
the financial advisor to Dreamix on the transaction.
Faisal Husain, Synechron Co-founder
and CEO, commented, “We are thrilled to welcome Dreamix into the Synechron
family. The bedrock of our two companies’ founding visions, as well as our
similar cultures and focused core values, enable us to unite our strengths to
bring value-added benefits to an expanded roster of audiences. With the synergy
of our businesses, we can provide deep IT expertise to a range of both existing
and new customers who can realize their objectives for optimal digitized
operating platforms and customized business solutions.”
Stoyan Mitov, Dreamix’s CEO, said, “We are
very excited to be a part of the highly valued and client trusted global
Synechron team. We are enthusiastic to join our forces under this new
partnership, as we each leverage our passionate teams and collective abilities
to provide top notch services to a combination of client enterprises.”
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