RapDev

Canaccord Genuity Advises Leading ServiceNow and Datadog Partner RapDev on its Sale to Synechron

With the addition of RapDev and two other acquisitions, Synechron has created the largest global ServiceNow practice in the banking and financial services sector

Canaccord Genuity has advised RapDev, a ServiceNow Elite Partner and the world’s largest Datadog Partner, on its sale to Synechron, a leading global digital transformation consulting firm. RapDev will join Synechron’s new global ServiceNow business, which will also include two other acquisitions, Calitii and Waivgen. RapDev will contribute its unique use of AI in its solutioning and delivery approach to the new global business, helping harness the power of AI for Synechron’s clients worldwide.

Founded in 2019, RapDev is the go-to partner for Fortune 1000 organizations looking to accelerate and optimize their ServiceNow and Datadog implementations. As a trusted ServiceNow Elite Partner and Datadog Premier Partner, the company offers unparalleled expertise in implementation at scale. RapDev expertly guides organizations through their engineering and devops transformations from beginning to end, with a focus on automation and AI-driven service operations.

Synechron uses the power of digital transformation to drive positive change. As a global technology consulting firm, the company blends creativity with innovation to deliver top-tier solutions. Synechron’s technologies and strategies span artificial intelligence, cybersecurity, consulting, digital, cloud and DevOps, data, and software engineering. Through its research and development arm, FinLabs, Synechron builds award-winning solutions adaptable to the needs of its clients. The firm has a global workforce of more than 16,000 employees across 60 offices in more than 20 countries around the world.

By combining RapDev and the two other firms under one umbrella, Synechron is creating the largest financial services-focused ServiceNow practice globally. The new business will leverage ServiceNow’s market-leading, cloud-based platform to help enterprises transform their workflows and integrate AI into essential aspects of their operations. While Synechron has traditionally focused on the banking, financial services, and insurance sectors, RapDev’s and the other acquired companies’ wide-ranging experience will help Synechron serve additional sectors, such as healthcare, pharmaceuticals, energy and utilities, airlines, and more.