Cynergy Data

Cynergy Data is a payment solutions provider that streamlines transaction processing and enhances operational efficiency across diverse industries such as banking, retail, and manufacturing. Cynergy Data, founded in 1985, operates from New York, US, providing payment processing solutions. The company was acquired by ComVest Investment Partners in October 2009 for USD 81 mn. It has maintained a consistent business strategy focused on payment solutions.

Cynergy Data offers a unified commerce platform aimed at optimizing payments and operational efficiency for sectors including banking, retail, and sports. Their flagship Priority Commerce Engine automates payables and improves transaction management, providing features such as same-day funding and secure APIs for developers. The platform serves clients across North America and parts of Europe, helping businesses enhance cash flow and operational effectiveness. Cynergy Data generates revenue through transaction processing fees linked to its payments platform and subscription services for banking solutions.

Clients, including banks and retailers, utilize the Priority Commerce Engine to automate payments, with flexible pricing structures that cater to their operational needs. The most recent acquisition by ComVest Investment Partners in October 2009 for USD 81 mn is expected to fuel Cynergy Data's growth initiatives. The company is focused on enhancing its product offerings and plans to broaden its reach into new geographic markets, although specific details on upcoming products or targeted expansions have not been disclosed.