Novacap-backed Syntax Systems acquired Freudenberg IT.

Novacap-backed Syntax Systems, a leading provider of cloud managed ERP services, acquired Freudenberg IT, a German IT services company. Financial terms were not disclosed. This acquisition expands Syntax's service offerings in the SAP market and complements existing business operations, making Syntax one of the most compelling multi ERP, multi cloud providers in the industry. Syntax can now provide end to end solutions for customers, offering them flexibility with both Oracle and SAP ecosystem expertise and serve them worldwide. Additionally, Syntax will leverage their current Private, Hybrid and Public cloud capabilities to accelerate FIT's growth in SAP.