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Technology Holdings advises Dreamix, a leading Digital Product Development and Software Engineering Specialist, on its strategic sale to Synechron

Seller Dreamix
Buyer Synechron
Focus Sector Digital Product Engineering
Date March 2024

Technology Holdings is pleased to announce that it has acted as the exclusive financial advisor to Dreamix, one of the fastest growing European Software Engineering companies headquartered in Bulgaria with full-stack digital product development capabilities, on its strategic sale to Synechron.

quote Engaging Technology Holdings as our advisor was a transformative decision. Their unique expertise in digital product development, software engineering and digital transformation deals, and global buyer and private equity fund network was unmatched. They adeptly handled intricate negotiations, offered valuable counsel, and successfully connected us with the perfect strategic partner, Synechron. Technology Holdings delivered on what they promised in terms of valuation, ensuring a successful outcome that we are thrilled with. We wholeheartedly endorse their advisory services.
Stoyan Mitov CEO, Dreamix

Founded in 2006 and headquartered in Sofia, Dreamix adds to Synechron’s portfolio of long term European and US based client relationships. Dreamix, featured in the top 1000 fastest growing companies in Europe, provides end-to-end digital product development and software engineering services, including product management, UI/UX design, software architecture, software development, quality assurance and DevOps to clients across the aviation, fintech, logistics, media, healthcare and ESG sectors. Dreamix’s team of approximately 250 people across its offices in Bulgaria, will join Synechron’s software development practice.

Synechron, with its focus on creating innovative digital forward solutions, strategically aligns with Dreamix’s deep expertise across multiple technologies and platforms within the software engineering lifecycle. The acquisition of Dreamix will strengthen Synechron’s digital product development and software engineering capabilities, increase its portfolio of enterprise clients and expand its footprint in the Central Eastern European region.

Faisal Husain, Synechron Co-founder and CEO, said “We are thrilled to welcome Dreamix into the Synechron family. The bedrock of our two companies’ founding visions, as well as our similar cultures and focused core values, enable us to unite our strengths to bring value-added benefits to an expanded roster of audiences. With the synergy of our businesses, we can provide deep IT expertise to a range of both existing and new customers who can realize their objectives for optimal digitized operating platforms and customized business solutions.”

Stoyan Mitov, Dreamix’s CEO, said “We are very excited to be a part of the highly valued and client trusted global Synechron team. We are enthusiastic to join our forces under this new partnership, as we each leverage our passionate teams and collective abilities to provide top notch services to a combination of client enterprises.”

Ollie Currie, Vice President of Technology Holdings said “We are delighted to have advised the Dreamix team on a successful transaction to Synechron. Dreamix has built a fantastic reputation in the market with a core focus on people and culture and we know Synechron will be instrumental in supporting Dreamix and its people through their next chapter of growth. This is our 3rd transaction closed in Bulgaria as we see increased deal activity driven by the quality of assets and talented workforces in the region.”

Vivek Subramanyam, Founder and CEO of Technology Holdings added “We are excited to have closed this key deal with Synechron – our 8th Software Engineering transaction and 41st Digital Transformation transaction. The transaction showcases Technology Holdings’ deep capabilities in the Digital Product Development and Software Engineering landscape in the CEE region and globally.”

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