BDA advises Synophic on its acquisition by Prodapt

BDA Partners is pleased to announce that its client, Synophic Worldwide, a global provider of network transformational and managed services solutions, has been acquired by Prodapt. BDA acted as the exclusive financial advisor to Synophic on the transaction.

Synophic, headquartered in Silicon Valley, USA and founded in 2009, is a trusted partner for leading OEMs/NEMs, ISVs, and Enterprises for their technical depth and matured managed services execution in the network design, engineering, and NOC services. Synophic employs more than 600 people globally.

Prodapt, a global company backed by Affirma Capital, provides consulting, technology and managed services to telecom operators, digital service providers (DSPs) and new-age technology companies in the business of connectedness. The acquisition will strengthen Prodapt’s network services portfolio, and enable Prodapt to offer end-to-end services around network transformation, network orchestration, and automation to network-managed services.

Kondal Rao, CEO, Synophic Worldwide, said: “The team at BDA has been thoughtful and knowledgeable in assessing the capabilities of the potential partners and investors to accelerate Synophic’s growth. Joining forces with Prodapt will help expand our managed services and network transformation portfolio. Our enhanced joint capabilities will provide immense value to our combined customers and partners. This will also open a plethora of growth potential for the employees of Synophic. We are pleased to have worked with BDA in this very important journey of our business.”

Euan Rellie, Managing Partner, BDA Partners, said: “Synophic offers the highest quality network managed services, globally. BDA was able to identify potential partners and investors with best synergies in the US, Europe and Asia. Prodapt will help Synophic grow quickly, to the next level. BDA connects companies in the tech sector and other industries across the world, bringing Asia closer to the West, and vice versa.”

Manoj Balwani, Managing Director and Head of Technology, India at BDA, added: “Synophic is a specialized player in the network transformational and managed services space. We are seeing significant investments in this segment to expand capabilities across OEMs and delivery footprint. We’re proud to have leveraged our sector expertise to assist Synophic on this transaction.”