Synaptic, a leading alternative data insights company, focused on providing actionable insights to global investment firms, announced an ESOP buyback worth $1 million for its employees.
This is the first ESOP buyback that the company has announced since its inception.
“People are core to Synaptic’s success, and as we grow, we are committed to creating more such opportunities for our employees. We have designed our ESOP program to be best-in-class with employee-friendly features such as an extremely long exercise period and monthly vesting to reflect this intent. We believe the best is yet to come for Synaptic and our fellow Synapticans.”Anurag Abbott, Co-Founder, Synaptic
With this ESOP buyback program, Synaptic is looking to ensure that employees are rewarded for contributing to the organization’s success and their continued confidence in Synaptic’s future.
“I started my journey with Synaptic 5 years ago, and seeing Synaptic change and grow over the years and play a small part in its success has been incredibly fulfilling professionally and personally for me. This ESOP buyback makes me feel more excited and geared up for the next phase of growth at Synaptic.”Vikrant Raj, Head of Design and an early employee at Synaptic