Synapse Design
Synapse Design
June 2021
Announced Date: June 2021
Value: Undisclosed
o3 Capital acted as the Exclusive Financial Advisor to Synapse Design on the transaction.
Synapse Design has been an industry leader in providing engineering and design services to top tier Semiconductor and System companies globally. Headquartered in San Jose, Synapse Design employs over 700 employees across its offices in USA, Europe, China, Japan, Malaysia Vietnam and India.
QuEST Global, a global product engineering and lifecycle services company, has acquired Synapse Design, a Silicon Valley headquartered global design and engineering services provider to top-tier semiconductor and systems companies.
The transaction demonstrates o3 Capital's expertise in the engineering space, and ability to continuously provide value as a lifecycle banker.
On the investment, Ajit Prabhu, Chairman & CEO, QuEST Global, said, “We started QuEST with the vision of becoming the most recognized and trusted global engineering partner for our customers across industries. The investment by three of the most respected global investors, despite the ongoing pandemic crisis, is a testament to our ability to build and grow our business to become the most trusted thinking partner to customers. It also crystallizes the value we have created for our shareholders and employees who have placed their belief in us and partnered with us in this journey.”
Satish Bagalkotkar, President, CEO and Co-Founder, Synapse Design said: "We are excited to be part of the QuEST family as the combination of both companies brings great opportunities for our stakeholders, including customers, partners, and employees. This acquisition will combine our capabilities in providing design and consulting services with QuEST's capabilities in providing embedded & software services and expertise in the convergence of electronics, software, and digital engineering innovations. This combination will help us to deliver world-class engineering services and solutions to customers across various industries."