MSRcosmos announces completion of Synapsis Group acquisition

MSRcosmos Group, US-based Software services, and solutions, today announced the successful completion of the acquisition of Synapsis Group, a leading IT company with a major presence in the Mid-West region in the United States.

The move strengthens and expands the combined company’s services and presence across the United States.

“We are excited to welcome the Synapsis, Infomatics, and RiverPoint teams into the MSR Group of companies”, said Devi Kondapi, Founder and CEO of MSR Group of companies. “We look forward to working with the teams to help expand our footprint and cross-sell our products and services to provide enhanced services to our client base” she continued.

Synapis Group constitutes of SynapsisInc, InfomaticsIncand RiverPointGroup companies which have been operational for more than 2 decades, providing technology services to customers across the Mid-West region. The Company has been Inc. 500 honoreeas “America’sFastest Growing Private Companies” for 8 consecutive years. The Group generated revenues of approximately USD 60 million in 2020.

Under the private deal, Synapsis, Infomatics, RiverPoint will continue to serve the healthcare, auto, financial services, manufacturing, government sectors, while also providing value-added services on the back of MSR’s specialty areas of cloud, data, and AI applications.

Disclimer: Originally published on CIO Review India