Prime Technology Group, based in Wayne, has merged with Dallas-based Synerzip, the two companies announced this week.
Frontenac, a Chicago-based private equity firm, acquired Prime Technology Group from Wayne-based Renovus Capital Partners at the end of 2019.
Under Frontenac, Prime has become very acquisitive. In August of this year, Prime acquired Lighthouse Software Solutions, based in ST Paul, Minn.
Prime has 273 employees, 209 in India, according to LinkedIn. Synerzip has 621 employees, 594 of which are in India.
Prime works with Salesforce, IBM and Microsoft technologies in Insurance, Financial Services and Healthcare.
Synerzip emphasizes its agile product development expertise. It is also an advanced AWS consulting partner.
Terms of the merger were not disclosed.
Prime appears to be roughly following the model that LiquidHub built upon before it was acquired by Capgemini in early 2018.
Sudhakar Goverdhanam, founder & CEO, is on the advisory board of Villanova’s Engineering School, where he received a Masters in Engineering.. He has also been an advisor at the Laurence A. Baiada Center for Entrepreneurship in Technology at Drexel University. He started Prime in 1999.