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Hyro scoops up Synergy Plus

Hyro scoops up Synergy Plus

Digital services developer, Hyro, is to acquire Melbourne-based IT provider, Synergy Plus. Financial details have not been disclosed.

The proposed merger would create a business of nearly 400 employees across five local and two overseas offices.

Hyro COO, Richard Lord, said there was little overlap between customers and services, which was an appealing aspect of the acquisition.

"We see good potential for the organic cross-sale of services to the combined portfolio of clients," he said. "We know from our experience that clients are increasingly looking to organisations like Hyro to deliver total outcomes rather than individual components. The acquisition will make us that one-stop shop."

By acquiring Synergy, Hyro will gain access to blue-chip customers including ColesMyer, ANZ Bank, NAB, Qantas and Toyota.

Synergy national solutions director, Michael Hodder, said the combined entity would also have a greater geographic spread, adding Adelaide and a second office in Melbourne to Hyro's existing locations.

"The acquisition balances our business across NSW and the northern states. Hyro has a more significant presence in Canberra than us," he said. "It also has services that we don't have like the Internet channel. We're more focused on development for business solutions."

Hyro currently had offices in Sydney, Melbourne, Brisbane, Canberra, New Zealand and Thailand.


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