Eckoh, a customer engagement data and payment security provider, has acquired Syntec Holdings Ltd, a UK-based firm specializing in secure payment services for contact centers, for $41 million.
The deal will enhance Eckoh’s customer engagement security services and provide complementary services and patents to its portfolio. Syntec has been providing secure payment services to a global client base for over 10 years. The deal will expand Eckoh’s enterprise client base and increase its market presence and share.
“With the acquisition of Syntec, we can leverage their technology, product and IP to further enhance our security solutions, scale our go-to-market efforts and expand our world-class team,” added Nik Philpot, CEO of Eckho. “This will create additional value for our shareholders by accelerating growth and strengthen the relationships with our valued clients by delivering even higher levels of customer service.”
“The security challenges for organizations are only growing and by bringing together two successful teams and businesses that are so complementary, it will create an even stronger combined Group that will enable us to offer our mutual clients a broader portfolio of market-leading engagement security solutions,” commented Colin Westlake, CEO of Syntec.