Technology Holdings closes sale of Chamonix IT and Exposé to Synechron
Technology Holdings has ramped up its deals track record in the Australian market with the synced sale of Chamonix IT and Exposé to digital transformation powerhouse Synechron.
Announced in the summer, Synechron has now closed the acquisitions of sister consultancies Chamonix IT and Exposé, respectively focused on full service digital solutions and data science, engineering and AI. Both firms are based out of Adelaide, with further offices in Melbourne and Brisbane.
Established in 2010, Chamonix IT provides a range of digital transformation and technology capabilities across leading technology platforms such as Microsoft. The company works for enterprise-level and public sector clients.
Commenting on the joining of forces with Synechron, Chamonix IT chief executive Scott Grigg said: “Joining forces with Synechron is a significant milestone for us. Our shared dedication to excellence and innovation means we’re exceptionally positioned to offer transformative digital solutions that are second to none.”
Founded in 2016, Exposé is one of the fastest-growing data organizations in Australia, and has key capabilities across Microsoft, Databricks and Snowflake. The firm specializes in data science, data engineering, data modelling, and emerging technologies such as artificial intelligence and machine learning.
“Becoming part of the Synechron family represents a massive opportunity,” stated Kelly Drewett, chief executive of Exposé. “It accelerates our ability to innovate and empowers our employees to take on even more complex challenges on behalf of our clients.”
The dealmaker: Technology Holdings
A global investment bank with offices in several countries, Technology Holdings guided the shareholders of Chamonix IT and Exposé through the deal process.
“We are incredibly grateful for the invaluable guidance and expertise provided by the Technology Holdings team as part of this process. They truly understood our business, and their deep understanding of the digital transformation, AI and analytics space enabled them to provide valuable feedback and insights,” reflected Grigg.
Drewett added: “From start to finish, Technology Holdings' guidance, support and expertise have been invaluable. A deal journey is complex, and the structured process, deep sector expertise and extensive buyer relationships of Technology Holdings were critical in delivering a successful outcome.”
“We are extremely happy with the end result – we couldn’t have done this without them – despite a market slow down, they delivered the best possible outcome, with a buyer that represented the ideal strategic and cultural fit for us.”
Reactions from Technology Holdings
Vivek Subramanyam, Founder and CEO of Technology Holdings said: “We are excited to announce these deals. The transactions highlight Technology Holdings’ extensive expertise and proven capabilities in the digital transformation and data sicence space. We wish Chamonix IT and Exposé every success in their strategic partnership with Synechron.”
Simon Croft, Associate Director at Technology Holdings added: “We are delighted with the outcome achieved for Chamonix IT and Exposé and it has been a pleasure working with their shareholders. This represents our 7th and 8th transaction in the ANZ region, further demonstrating the strong interest that we’re seeing from large global technology acquirers to increase their presence throughout the region.”
