San Francisco, California – May 2, 2019: Sverica Capital Management LP (“Sverica”), a private equity investment firm, announced today that its portfolio company, Synoptek, has acquired Dynamics Resources, a Microsoft Gold Partner specializing in Microsoft Dynamics 365, AX, and CRM implementation & support services. The acquisition helps strengthen Synoptek’s competencies in Microsoft’s growing cloud and business applications platforms, as well as expands the Company’s presence in the Midwest market.
“Very simply, this deal will help Synoptek achieve greater business results for our customers. Microsoft has one of the most comprehensive business and cloud solutions in the market. Dynamics Resources has one of the most experienced Microsoft business solutions teams in the industry. This is a perfect match,” said Tim Britt, CEO of Synoptek. “We expect our Microsoft application services business to grow significantly moving forward as a result of the combined resources of our companies.”
“With an impressive track record of growth and customer service for more than 15 years and significant Microsoft application expertise, the acquisition of Dynamics Resources aligns well with our current strategy to focus on high value application-level services,” added Frank Young, Managing Partner at Sverica.
Along with their current IT Leadership, Consulting, and Managed Services, Synoptek will be able to offer additional capabilities with Dynamics Resources, including:
The Dynamics Resources deal marks the third acquisition for Synoptek under Sverica’s ownership, following the acquisitions of INDUSA in July 2018 and Earthlink’s IT Managed Services business in February 2016.
For nearly 20 years, Synoptek has provided consulting and technology management services to innovate and help organizations – from mid-market to Fortune 100 – achieve their vision for growth. They embrace the dynamic world of technology with exceptional leadership, planning and agility to help their clients succeed. Synoptek has over 700 employees serving more than 1,100 clients around the world with headquarters in Irvine, California and offices across North America, Europe, and India. For more information, please visit http://www.synoptek.com.