The Longueuil-based firm Novacap made the investment through its fourth technology fund, Novacap TMT IV, which raised $375 million in May.
“After having successfully achieved the transfer from the previous generation, we felt that it was now time to take the company to the next level,” said Syntax co-president Ryan Etinson.
“Our clients face ever increasing demands to provide the highest service levels, often with constrained in-house resources,” said co-president Kenny Etinson. “Our business model is based on offering products and services that enable organizations to modernize their back-office operations, empower their people, and maximize their value. We appeal to them because we are taking care of their IT environment in a cost-effective manner, so that they can focus on their business.”
Syntax is a Montreal-based company that provides comprehensive technology solutions to businesses throughout North America. The company offers its Enterprise Cloud for ERP, a unique offering that safely hosts and manages critical business applications.
Syntax CEOs and co-presidents Ryan and Kenny Etinson and Founder and Principal Michael Etinson will continue to operate the business and keep a significant stake in the company.
Syntax has serviced thousands of customers since 1972 for IT services and ERP needs. The company has several locations in Canada and the United States. Since 1997, Syntax has focused on JD Edwards EnterpriseOne and JD Edwards World while supporting and enhancing its SDM product line. Today, as an Oracle Platinum Partner and IBM Premier Partner, Syntax is a leader in providing cloud and implementation services for JD Edwards.