Sett & Lucas Advises Indusa in its Sale to Synoptek

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Sett & Lucas advises global enterprise software solutions firm Indusa, in its sale to leading cloud services provider Synoptek

The Synoptek-Indusa transaction is a great example of the consolidation that we will be seeing in the Microsoft ecosystem

Sett & Lucas is pleased to announce the acquisition of Indusa, a global enterprise software solutions firm, by Synoptek, a leading managed services and cloud computing provider. Sett & Lucas were the exclusive investment banking advisors to Indusa.

Tim Britt, CEO at Synoptek, explains, “This acquisition means we have all of the delivery capabilities to plan, build, and manage complete integrated solutions in the cloud coupled with an emphasis on compliance and security. With our breadth and depth of expertise, we can deliver a complete digital transformation, helping organizations leverage an integrated technology platform that will simplify their IT, accelerate change more cost effectively and enable them to achieve business results faster.”

The acquisition unites a Top 20 global IT managed service and cloud service provider with a strong Microsoft partner with proven global delivery capabilities. The acquisition positions Synoptek as one of the leading digital transformation consulting, implementation and IT management providers. “This transaction further strengthens our expertise and experience in the Microsoft Ecosystem. This is our fifth successful transaction in the last 18 months, representing firms specializing in Microsoft Technologies. It also adds on to our strong leadership and expertise in global cross border M&A transactions”, says Dominic Marlow, Managing Partner at Sett & Lucas.

Indusa’s consulting services focus mainly on Microsoft Dynamics 365, cloud, Business Intelligence (BI), predictive analytics, SharePoint, enterprise mobility, Office 365 and custom application development. Kamlesh Shah, Indusa founder and Group CEO, explains, “The entire Indusa team has contributed to our success and growth and we found a strategic and compelling fit with Synoptek — one that will provide a strengthened, comprehensive technology offering to all our customers. Sett & Lucas ran a global process to identify the right partner.”

The expanded business will now serve more than 1,000 companies globally. Prabhu Antony, Sr. Vice President and deal lead mentions: “Cloud and Dynamics have been the key reasons Microsoft has been able to break the $100bn revenue barrier. Hybrid cloud has shaped up as the biggest thrust area from Microsoft, as they head towards $20bn in cloud revenues. On the other hand Dynamics is now a full-fledged SaaS play that requires in-depth domain expertise, access to global delivery model and scale in execution. The Synoptek-Indusa transaction is a great example of the consolidation that we will be seeing in the Microsoft ecosystem, to capitalize on this growing opportunity. “

Synoptek is also a portfolio company of private equity firm – Sverica Capital Management, a leading lower-middle-market-focused private equity firm that has raised over $700 million of investment capital across four funds.

About Synoptek

Synoptek provides information technology management services, consulting and IT leadership to organizations worldwide. The firm manages and operates IT infrastructure with 24/7 operations, automated toolsets, and highly skilled technologists. Synoptek has been repeatedly recognized as one of the Top 100 Cloud Services Providers by Talkin’ Cloud and one of the Top Managed Services Providers by MSPMentor, among other honors from Inc. Magazine, Deloitte and more. For more information, contact Synoptek.

About Indusa

For global midmarket organizations, Indusa is an innovative technology partner that provides end-to-end enterprise software solutions and services to deliver business results: improve productivity, increase efficiency, and reduce costs. With offices in the United States and Asia Pacific, Indusa has a global team of experts to deliver transformative technology solutions to meet all of the needs of our clients from consulting to maintenance, in our core practices – Microsoft Dynamics 365 (Dynamics AX and Dynamics CRM), Cloud Services, Microsoft Office 365 and SharePoint, Magento E-Commerce, AI and Advanced Analytics, Software Product Engineering, and Custom Application Management.

About Sett & Lucas

Sett & Lucas is a global independent financial institution that provides trusted advise and research through 120 associates across 7 countries. Sett & Lucas has delivered value to clients in 56 countries by unlocking value (through investment banking and transaction advisory services), creating value (through the fund management business) and protecting value (through the regulatory compliance platform - Zurik). S&L is a though leader in Mergers & Acquisition and capital raise services to the Information Technology, Enterprise Software and Digital Marketing verticals.

Media Contacts:

Synoptek: Tiffany Yang, Marketing Communications & Events Coordinator: tyang(at)
Indusa: Elena Britton, Indusa Marketing Manager: elena.britton(at)
Sett & Lucas: Regina Paul, Manager – Corporate Communications: r.paul(at)

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Regina Paul
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