SynCorp

SynCorp was a global consulting firm based in the United States which operated from 2002-2011. The company provided services to financial firms, venture backed start-ups and also Fortune 500 organizations. Notable clients include the U.S. Government and Intel Capital Venture backed portfolio companies. SynCorp was originally founded in 2002 operating as Synergy Systems and S2 Technologies, a then systems integrator and a systems engineering firm. Synergy was later incorporated in 2005 as a hybrid Business Process Outsourcing (BPO) and Recruitment Process Outsourcing (RPO) firm with James Mai, a former consultant and entrepreneur as its Managing Director. The company immediately secured contracts with three major managed healthcare providers, achieving profitability and expanding in its first year of operations. By the end of 2005, the company finalized contracts to provide management consulting and advisory services for several companies in the Real Estate and the Mortgage Banking industry. The company partnered and developed several market expansions, which resulted in an estimated 900 million dollars in funded residential transactions before the collapse of the housing market in 2008. It began downsizing in 2009, closing most of its field locations and reducing workforce, the company remained operational until 2011. In 2012, the remaining assets including it's recruitment division were acquired by Bristol & Bates LLC, an equity partnership firm.