Parties
Company
Solutions Beyond Technologies Inc.
Company
Syntax Systems Ltd.
Company
Investissements Novacap Inc.
On October 3, 2023, Syntax Systems, a global provider of cloud application solutions and services, announced its acquisition of Montréal-based Beyond Technologies, a firm specializing in SAP® solution integration and business optimization. This merger is set to create a team of over 2,800 experts, serving 900+ clients worldwide, with 26 operations across the Americas, Europe, Africa, and Asia. Christian Primeau, Global CEO of Syntax, lauded Beyond's SAP expertise and its culture, which aligns with Syntax's client-focused values.
Both companies focus on industry specialization in the mid-market sector, offering solutions in manufacturing, natural resources, construction, retail, consumer industries, life sciences, and the public sector. Luc Dubois, CEO of Beyond Technologies, expressed excitement about joining Syntax, anticipating enhanced client outcomes and value delivery due to increased scale.
The acquisition, supported by Novacap, a Canadian private equity firm, reflects a commitment to expanding Syntax's global reach and service offerings, which include a diverse cloud and enterprise application portfolio. Pascal Tremblay, President of Novacap, and Ted Mocarski, Chairman of Syntax's Board, acknowledged the strategic significance of the merger.
The completion of the acquisition, subject to regulatory approvals and other customary closing conditions, is expected later this quarter. Terms of the transaction were not disclosed. Both companies will operate independently until the transaction is completed.
Deal Type
Merger & AcquisitionIndustry
Tech/Computer/ITTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
02 November 2023