Synapsys Solutions has transitioned to an employee-owned business run through an employee ownership trust
Last week marked the beginning of a new and exciting future for Synapsys Solutions. As of the 14th September 2022 Synapsys Solutions transitioned to an employee-owned business run through an employee ownership trust (EOT).This new ownership model sets the groundwork for a new chapter in the future of our company.
So why did we make this decision?
Long-term continuity for Synapsys Solutions
In 2001, Harvey Roft and Andy Devine founded Synapsys Solutions to develop and supply innovative hardware and software solutions to the intelligent building control industry.
By incorporating the latest technologies, putting focus on customer needs and supporting customers from initial purchase through to project sign-off; they have created a business that approaches product and software sales very differently from our competitors.
The decision to become an employee owned business was driven by the desire to continue the company’s independence, product innovation, choice for our customers and recognition of the fact that Synapsys Solutions has been built upon the hard work and commitment of its employees.
Harvey Roft said “By transitioning ownership of the business to its employees Synapsys has secured the future of the business, continuing its values, culture and ethos. I believe the people best able to run and own Synapsys Solutions, are those who work within it, who helped to build it and continue to make it grow”.
What does this means for our customers, partners and suppliers?
For our customers — the new EOT structure ensures that you will continue to receive the same innovative products, services and support that you have come to expect from working with Synapsys Solutions, today and into the future.
For our partners and suppliers— It provides assurance that the relationships and trust which we have built up over many years with our partners and suppliers will continue long into the future.
Our Management team going forward
Sales and Service Director Andy Thorn has joined the company board and will work with the newly appointed Trustees to ensure Synapsys Solutions continues to grow and operate for the benefit of all Synapsys employees. Andy Devine will continue as a board member and Harvey Roft will be retiring in March 2023, but will continue to be a Trustee member and part of the management team during a period of transition.
We look forward to continuing to work with you as we take Synapsys Solutions into its new era of ownership and development.
If you have any questions please email us, give us a call or speak with your local sales representative.