The social business platform Zyncro has entered into a transaction with Desarrolladora Río Paraná, a group that represents various Mexican family offices.
The deal is a combination of a primary and a secondary transaction with the company, as a result of which Río Paraná owns 44% of Zyncro with an agreement to buy the remaining stake within a year, valuing the company at €30 million.
Zyncro was founded in 2009 by Didac Lee who was later joined by Luis Font as co-founder, and was developed in the business incubator of Inspirit. To date the company has raised two rounds of financing totalling €2.8 million from investors such as ACTIVE Venture Partners, Cabiedes & Partners and Caixa Capital Risc.
Zyncro is an enterprise social network and combines various products and features for companies to share, track and manage internal data and information. The company is headquartered in Barcelona and currently has more than 60 employees as well as 250,000 users and clients in more than 28 countries, mostly in Europe and Latin America.
As part of the transaction, Lluis Font will leave his position as CEO of the company and will be replaced by the Mexican Carlos Ramón González who has been with the company since the beginning of 2014.