Syncroness, Inc., Acquires Magpie Software
Syncroness announces the acquisition of Magpie Software. This strategic acquisition expands Syncroness' product development capability and positions Syncroness to attain their growth targets for the next three to five years. Visit Syncroness at www.syncroness.com.
Westminster, CO, March 1, 2016 (Newswire.com) - Syncroness announces the acquisition of Magpie Software, a Colorado-based company founded in 2001 that is an active industry leader in software design and development. This strategic acquisition will reinforce and expand Syncroness’ innovative product development team.
“Syncroness has been on a steady growth trajectory for the past decade and the Magpie acquisition will further accelerate this growth,” said Mike Walraven, Syncroness Chief Executive Officer. “Our integrated technical capabilities along with our closely aligned cultures will only enhance our future opportunity for success.”
"Syncroness has been on a steady growth trajectory for the past decade and the Magpie acquisition will further accelerate this growth. Our integrated technical capabilities along with our closely aligned cultures will only enhance our future opportunity for success."
Mike Walraven, Syncroness CEO
The complementary expertise of Syncroness and Magpie, in integrated hardware and software solutions, will augment existing Syncroness’ capabilities and also allow for new product offerings using Magpie’s unique skills. This addition will strengthen Syncroness’ position in the health and wellness, aerospace, and industrial equipment markets. With 100 employees, Syncroness partners with clients to address the business and technical challenges inherent in developing highly complex products.
“We are extremely proud of the work done by Magpie and our accomplishments,” stated Magpie President Judson Smith. “We believe that becoming part of the Syncroness team will better position us to provide a wider range of services to our long-standing and valued customers and ensure a great working environment for our employees.”
The acquisition of Magpie, entirely financed by Syncroness, is expected to be final in the first quarter of 2016.
About Syncroness: For more than 18 years, Syncroness has provided inspired solutions to highly complex business and technical problems. The company has a strong portfolio of clients in the medical device, aerospace, and industrial equipment industries.
By providing a full complement of engineering services aligned to the entire product lifecycle, Syncroness enables companies to accelerate product development and drive more predictability and productivity into their businesses. Working with Syncroness, companies gain the critical insights necessary to develop products that make a difference and create a better world. Syncroness is based in Westminster, Colorado. www.syncroness.com.
Media Contact: Stacy Sprouse, 720-257-7161, media@syncroness.com
