Prime Technology Group (Prime), a leading global technology services provider and Synerzip, a leading-edge Agile software product development partner for high-growth technology companies today announce that they have merged.
At the heart of each company are teams of US and India-based software professionals, industry and subject matter experts, and software architects who plan, build, implement, and support digital transformation and software development initiatives for their clients. The merger of Synerzip and Prime more than doubles the combined team and extends their global reach, increasing the breadth of knowledge and areas of expertise available to clients.
“We are excited to combine the Prime family with the Synerzip family, consistent with our strategy to add complementary software development capabilities which strengthen our vertical market domain expertise,” said Sudhakar Goverdhanam, Prime’s Founder/CEO. He added, “We are excited to work with the Synerzip leadership team to continue to delight their clients and our clients with our combined strength.”
Prime leverages deep industry expertise, proprietary intellectual property (IP), and custom-built software frameworks to solve critical pain points in clients’ business operations. Core solution offerings provide the tools and support for clients to easily adapt to advances in technology and new business requirements with minimal interruption to operations.
Synerzip works closely with clients to accelerate their product and software development roadmap, using agile development practices to scale clients’ engineering. Each client works with a dedicated team focused on driving continuous improvement through digital transformation.
“By joining with Prime, our clients will have access to Prime’s broad range of technology capabilities and industry expertise,” said Hemant Elhence, Co-Founder and CEO of Synerzip. “The combined capabilities of Synerzip and Prime will enable us to deliver higher business value to our clients and to accelerate their digital transformation efforts.”
“When Hemant and I started this company in 2004, we could not have envisioned the growth and the 500 employees who have become family to us,” Vinayak Joglekar, co-founder and CTO of Synerzip added. “I echo the words of Hemant—I am excited about the combined offerings of Synerzip and Prime and together with our merged teams, we will continue to keep our focus on clients and building great software products with them.”
In December 2019, Prime was acquired by Frontenac, a private equity firm focused on investing in the lower-middle market across the consumer, industrial and services markets. With this merger of Synerzip with Prime, Frontenac continues to support both organic and inorganic growth through an aggressive acquisition plan for Prime that focuses on delivering software development, application development and managed software solutions to highly regulated industries.