Synechron, a consulting firm to the financial services industry, has acquired Crossbridge, a London-based consulting firm.
Synechron, which is based in New York, said in a press release Monday that the acquisition will allow it to further establish itself as a fintech company and expand in London, a European fintech industry hub. Terms of the deal were not disclosed.
Synechron will gain Crossbridge's financial services expertise in areas including business and information-technology transformation, regulatory services, data and financial crime.
"It has been our major strategic objective to strengthen our presence in London since starting out in the U.S. financial services industry in the early 2000s," Faisal Husain, co-founder and chief executive of Synechron, said in the release.
It is Synechron's third acquisition this year. It also bought the software integration and consulting firm Team Trade in Paris and the UI/UX design firm Usable in New York.