Synthesis Software Technologies<\/a>, comprising the Software and Services segment of Capprec, was acquired in 2017 and has delivered impressive year-on-year growth despite the economic climate. The innovative software and consulting company achieved solid results under particularly challenging trading conditions for the half-year ending 30 September 2020. Revenue increased by 13.8% from the corresponding period and EBITDA grew by 3.1%.<\/p>\nSynthesis\u2019 outlook remains strong and the demand for its services in the Cloud, RegTech, Digital Channels and Intelligent Data areas remain robust.<\/p>\n
This year saw Synthesis strengthening its relationship with existing clients, establish new blue-chip enterprise client relationships, secure additional AWS accreditations and continue to advance AWS leadership. The software company also further diversified its revenue streams, increased operational capacity and partnered with Salesforce to further its digital offering.<\/p>\n
Synthesis has been recognised as the partner of choice to leading South African businesses during this unprecedented time. It has optimised costs, digitalised solutions and ramped up innovation for these partners.<\/p>\n
Synthesis\u2019 development work with GovChat led to the creation of a product that awarded tangible benefits to citizens during the beginning of lockdown through the digitalisation of the South African Social Security Agency (Sassa) grant. This grant aided millions of South Africans and resulted in Synthesis being recognised as the Social Impact Partner of the year by AWS.<\/p>\n
\u201cSmooth seas never made a skilful sailor,\u201d says Michael Shapiro, Synthesis Managing Director. \u201cThese six months have certainly been challenging however Synthesis once again delivered solid results \u2013 plus the overall Capital Appreciation Interim Results were exceptional. Our continued focus on Cloud, Digital Transformation and Emerging Technology services has been effective and shown solid outcomes. We continue to advance this strategy. I am proud of our team and appreciative of our valued customers and strong partners.\u201d<\/p>\n
The pandemic has accelerated the demands for Digitalisation, Cloud, Managed Services and Artificial Intelligence (AI). Synthesis is well positioned to meet these demands as it continues to both deepen and expand its already extensive expertise. With its eighth consecutive positive interim results announcement, Synthesis is expected to continue to shine in 2021.<\/p>\n
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