FOR IMMEDIATE RELEASE
Synaptix Systems Delivers Project Management Framework for Fortune 50 Healthcare Customer’s Merger & Acquisition (M&A) Integration Program
ALISO VIEJO, California – February 21, 2008 – Synaptix Systems Inc., a leading strategy and solutions firm that helps clients understand & maximize return on their information technology (IT) and project investments, today announced the successful delivery of a project management framework for a Fortune 50 Healthcare industry client’s acquisition integration initiative. Synaptix Systems’ resources also managed one of the key integration projects to an on-time, on-budget completion.
As part of its overall plan to grow from a $4B entity to a $10B company over a 2.5 year timeline, Synaptix Systems’ customer had created an organization with a charter that included handling the integration of companies that the customer acquired. Such integration needed to address process, system and cultural differences between the customer and its acquiree(s), so as to yield a cohesive combination that could take advantage of the best components of each party. The integration function thus called for a complex yet flexible set of tools to enable the customer to incorporate acquired companies with varying characteristics.
Working closely with the customer’s internal management team, Synaptix Project Management Office (PMO) experts not only produced a set of “delivery-centric” processes and tools that were tailored to managing macro- and micro-level integration, but also successfully utilized these artifacts in a practical real-world acquisition integration project (in which the customer absorbed a several hundred million dollar healthcare niche company). Following completion of the project, Synaptix Systems and the customer iterated on the Project Management (PM) framework to incorporate lessons learned from the initial project delivery and to define a repeatable PM procedure set.
The Synaptix team helped the customer to (a) eliminate system and process redundancies while being sensitive to cultural nuances, (b) take advantage of process and procedural best practices, (c) produce synergies that are forecasted to produce cost savings in excess of $4M annually, (d) increase employee morale by 20+% as measured by integration-specific survey results, and (e) begin to realize the bottom-line value expected of the acquisition.
“It has been a pleasure to work with such a progressive client on such a unique project”, states Synaptix Systems President & CEO Heath Hawker. “We are truly looking forward to continuing our partnership as this customer tackles future IT Governance and Project Management challenges shaped by their aggressive growth plans”.
Synaptix Systems provides strategic consultative value and information technology governance solutions that drive significant return on investment through process improvement and program/project management office implementation & optimization. The company’s approach to planning and delivering project value has yielded a sound track record of client satisfaction. Recognized for a common sense client advocacy approach and rigorous delivery methods, Synaptix has developed long-term relationships founded on continuous value creation.
About Synaptix Systems Inc.
Synaptix Systems Inc. has its corporate headquarters at 30211 Avenida de las Banderas, 2nd Floor, Rancho Santa Margarita, CA 92688. Synaptix Systems can be reached at 949-888-6640, or by email at email@example.com.
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