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Synechron completes integration of payments services and solutions provider Attra

By Edlyn Cardoza

January 11, 2023

  • Attra
  • Banking
  • Digital Transformation
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Synechron, Digital Transformation Consulting Firm, Attra, Synechron Payments, Financial Services, Digital Transformation, Financial Institutions, USASynechron, Inc., one of the leading global digital transformation consulting firms, announces that it has now fully integrated its subsidiary, Attra, a payments technology services and solutions provider headquartered in Melbourne, Australia, into the larger Synechron brand. Attra, which Synechron acquired in December 2020, is now Synechron Payments and serves as Synechron’s most recent business domain.

Prasad Guntupalli, former Co-founder and Executive Deputy Chairman of Attra, will continue as head of Synechron Payments and has assumed the title of Managing Director. Since its acquisition, Attra has benefited from combined synergies with Synechron and achieved 62% 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 realize their digital realities,” said Prasad Guntupalli, Managing Director of Synechron Payments.

Attra’s team of over 2,500 payments technology experts, working across the banking & finance space, will continue to provide services across the payments value chain. Synechron Payments will offer expert consulting, software lifecycle, application development & maintenance, and quality engineering services to clients worldwide. This capability will be available across all Synechron business centers globally.

Faisal Husain, Synechron’s Co-founder and CEO, said, “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 organizations navigate the changes needed to build the foundations for their future business ambitions.”

Now that this integration is complete, the Attra brand name will be retired. All business operations, practices, offices, employees, and client commitments have been fully transitioned, becoming a vital part of Synechron’s global business operations. Attra’s clients will continue to work seamlessly with their existing teams, as Synechron will assume all current Attra’s contracts with clients.

Attra and Synechron have spent the last 24 months taking an integrated approach and solving complex financial services problems that span a range of payments solutions. Together, the firms have expanded competencies for full lifecycle banking and payments platform technology services. Attra has 27 years of experience in providing a comprehensive suite of services and solutions in cards, next-generation payments, and core banking services, successfully having completed numerous engagements for banks, financial institutions, third-party payment processors, and other payment companies around the globe.

In addition, Synechron has further leveraged Attra’s core technology specialisms focused on digital transformation through Intelligent Automation, IT Infrastructure, Mainframes & Cloud, UI/UX, Mobility & Channels, Information Management, and Performance Engineering & Cybersecurity. These services complement Synechron’s range of recently redefined business services aimed at helping financial services and big technology companies address operational needs. Synechron’s core business includes end-to-end Consulting, Design, Data, Cloud, and Engineering.

Attra’s Accelerator program joins Synechron’s collection of Accelerator solutions, incorporating them into its 76 business-focused applications across nine programs in its self-funded FinLabs. The full roster of clients will now be able to tap Synechron’s enhanced and expanded set of digital transformation capabilities.

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