MSRcosmos announces completion of Synapsis Group acquisition

CIOReviewIndia | Monday, 29 November 2021, 07:06 IST

MSR Cosmos announces completion of Synapsis Group acquisition

MSRcosmos Group, a US based Software services and solutions, today announced the successful completion of the acquisition of Synapsis Group, a leading IT company with major presence in the Mid-West region in 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 ourproducts 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, governmentsectors, while also providing value-added services on the back of MSR’s specialty areas of cloud, data and AI applications.
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