Syncroness announces the acquisition of Magpie Software, a Colorado-based company founded in 2001 that is an active industry leader in software 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.”
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 longstanding 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.