Synapsis' post-acquisition plans eye managed security, data center investments

Tuesday, March 15, 2011

Chilean IT solutions provider Synapsis will leverage its acquisition by US private equity firm Riverwood Capital to strengthen its managed security offering and accelerate data center investments, Synapsis general manager Leonardo Covalschi told BNamericas.

Last December, Riverwood Capital announced plans to purchase Synapsis from the latter's parent company, Enersis (NYSE: ENI). The equity firm paid out some US$52mn for Synapsis, though total investments in the Chilean company are expected to top US$100mn within four years.

Since wrapping up the legal paperwork, Synapsis has hit the ground running by upping outsourcing, marketing and sales headcount, as well as investing US$5mn to expand existing data center facilities in Chile and Brazil.

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Regarding services, greater work in areas such as energy efficiency and managed security services is in the cards.

Additional plans include opening new offices in countries where the company already has presence, such as Brazil.

Synapsis now has 320 clients spread out across in Chile, Colombia, Brazil, Argentina, Peru, Panama and the US, and expects sales to top out at US$110mn this year, Covalschi said, noting that Synapsis saw several contracts reduced due to the carve out from Enersis.

The full interview with Covalschi can be read in this week's Information Technology Perspectives, for subscribers only.