Synechron Acquires Dreamix, a Digital Product Development and Software Engineering Firm Headquartered in Sofia, Bulgaria

This business combination enables Synechron to enhance its service offerings, expand capabilities, and leverage an additional EU nearshore Delivery Center

NEW YORK, LONDON, PUNE, India and SOFIA, Bulgaria, April 4, 2024 /PRNewswire/ -- 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."