Announced on January 22nd and 24th, Syntax's double acquisition of foreign companies has drawn the attention of the technology community worldwide. Today, the Quebec Minister of Economy and Innovation came to visit company headquarters
MONTRÉAL, March 18, 2019 /PRNewswire/ - Syntax Systems ("Syntax") is honoured to welcome Mr. Pierre Fitzgibbon, Quebec Minister of Economy and Innovation, to highlight the company's acquisitions, Freudenberg IT (FIT) and EmeraldCube Solutions, during a joint press conference at company headquarters today. These companies will enable Syntax to build itself up as an international leader offering multi-cloud and multi-ERP solutions, as well as improve its Oracle JD Edwards offering. The strategic acquisition of FIT became official after 6 weeks of customary approvals.
"I am very proud of what our company has become. Thanks to these deals, Syntax can deploy its expertise in many new markets, such as Asia, Europe and Latin America, as well as reinforce its North American presence. Syntax will keep its head office in Quebec and wants to inspire other companies to conquer international markets. We look to the future with great confidence, because FIT and EmeraldCube Solutions share our values of customer success and excellence. We are now a major player in the industry," declared Christian Primeau, CEO of Syntax.
At the press conference, Pierre Fitzgibbon, Minister of Economy and Innovation and Minister Responsible for the Lanaudière Region added, "Quebec and its metropolis are locations that favour the development of information and communications technology as well as companies that are active in this cutting-edge sector. Syntax is demonstrating this by acquiring two international companies and continuing its growth. This is a great example of a Quebec company that is distinguishing itself internationally and promoting our expertise throughout the world. I am delighted by this announcement, for Syntax and for Quebec as a whole."
Also present at the press conference was Pascal Tremblay, President and Managing Director of Novacap, a private equity firm that supplied equity financing for Syntax's two recent acquisitions. He highlighted these strategic investments and thanked the Fonds de Solidarité FTQ, which was an invaluable ally during the process.
"We are proud to believe in the development of Quebec companies abroad. We are therefore delighted to help Syntax achieve this common goal. We are all very excited to work with such a visionary company," said Ted Mocarski, Senior Partner at Novacap.
About Syntax Since 1972, Syntax has been providing comprehensive technology solutions to businesses of all sizes and is a leading managed cloud provider for mission critical enterprise applications. Syntax has offices worldwide, and partners with Oracle, SAP, AWS, Microsoft, IBM and other global technology leaders. Learn more about Syntax by visiting www.syntax.com
About Novacap Founded in 1981, Novacap is a leading Canadian private equity firm with $2.3 billion of assets under management. The firm's unique investment approach, based on deep operational expertise and an active partnership with entrepreneurs, has helped accelerate growth and create long-term value for its numerous investee companies. With an experienced management team and substantial financial resources, Novacap is well positioned to continue building world-class companies. For more information, please visit www.novacap.ca
About Freudenberg IT Based in Germany, Freudenberg IT (FIT) is a global supplier of cloud computing and information technology services for top medium-sized companies. On top of its regular services in the auto and manufacturing industries, FIT now supplies a vast array of information technology services for almost all SAP solutions, including application management services and SAP licences. Furthermore, it offers extensive consulting services for implementing SAP S/4HANA. To find out more about FIT, visit the website:www.freudenberg-it.com.
About EmeraldCube Solutions EmeraldCube Solutions is an Atlanta-based Amazon Web Services Advanced partner and Oracle Gold partner, providing business technology solutions to Oracle customers. We challenge traditional assumptions about support, including how to get the most out of your Oracle investment. The result is innovation that saves our customers time, makes them smarter in their use of data and frees them to focus on their core business. Oracle customers turn to EmeraldCube Solutions for proprietary tools and know how that they simply can't find anywhere else. With our experienced team customers improve stability, facilitate user access to key business metrics (BI), and solve a host of common concerns – fraud, security, and more – to fully leverage their IT infrastructure. Learn more about EmeraldCube by visiting www.emeraldcube.com