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Iona Partners with Syncsort in Largest START-UP NY Initiative

12/16/2015
New Rochelle, NY (December 16, 2015) Iona College will partner with the software firm Syncsort Incorporated in collaboration with START-UP NY at its Rockland campus location. In terms of jobs, it will be the largest single project at a private college within the network of the START-UP NY consortium, enabling the creation of 144 new jobs along with an investment of $2,895,000 from Syncsort and increased professional and academic opportunities for Iona students and the local community. 

Iona College is a highly accredited, private, Catholic college, offering more than 60 degree programs of study. While its main campus is in New Rochelle, N.Y., Iona has also been providing graduate education in Rockland County for more than 35 years.  Offerings at the Graduate Center in Pearl River, N.Y., include the first MBA program in Rockland with the prestigious AACSB (Association to Advance Collegiate Schools of Business) International accreditation. Six MBA concentration areas are offered, in addition to MS programs and several professional certificates. The College recently announced the largest gift in its history from alumnus Mr. Robert LaPenta to build a new business school at the New Rochelle campus.

The College’s new START-UP NY partner, Syncsort, will be located in 50,000 square feet of space adjacent to Iona’s graduate center at 2 Blue Hill Plaza in Pearl River. Currently headquartered in New Jersey, Syncsort is expected to be operational in Rockland by spring 2016.  

 “We are pleased to build on the long history of achievement and partnership of the Hagan School of Business by expanding our positive community impact by facilitating the creation of jobs and educational opportunities in the region,” said Iona President Joseph E. Nyre, Ph.D. “The partnership with Syncsort will have a positive impact on our students and faculty, creating resources of business expertise and internship possibilities for our students, both at Rockland and at our main campus in New Rochelle.  This is a partnership that we believe will be a model for others in New York and the nation.”

Syncsort is a global software company that provides powerful, secure, enterprise-grade software that spans “Big Iron to Big Data,” including fast-growing analytical platforms such as Apache Hadoop, Splunk, Apache Spark, and the cloud, as well as mature, business critical platforms such as the IBM z Systems mainframe. Syncsort's products are deployed in top Fortune 500 companies across industries such as financial services, healthcare, telecommunications and other data intensive domains. 
 
“It is a tremendous privilege for Syncsort to have been selected for the START-UP NY program, and we are looking forward to the exciting partnership with Iona College that we expect to both inspire the next generation of computer scientists and provide our team with the world-class talent it needs to continue our ambitious growth strategy,” said Lonne Jaffe, CEO of Syncsort. “As a long-time New Yorker, I couldn’t be more proud to have Syncsort become part of New York’s Big Data technology ecosystem, which, thanks in part to extraordinary economic development programs such as START-UP NY, has become one of the most important in the world.”

Iona College’s participation in START-UP NY was approved in March 2015, after reviewing over a dozen potential applicants to ensure a proper fit between the type of business and Iona’s academic mission, as required by New York State.  

 “In addition to selecting a business that had the size and scale to accomplish and grow our partnership, a key element includes the opportunity for the business to offer a positive impact on the number of students it can help through internship, research and future employment prospects,” said Vincent J. Calluzzo, Ph.D., interim provost and senior vice president for academic affairs.  “The partnership with Syncsort will enhance the Iona student experience and give students the opportunity to move the world by integrating an outstanding education with first-hand business knowledge and acumen.” 

Described by Governor Andrew Cuomo as "the most ambitious economic development program in New York's recent history," START-UP NY provides major incentives for businesses to relocate, start up, or significantly expand in New York State through affiliations with public and private universities, colleges and community colleges. Eligible businesses have the opportunity to operate tax-free and their employees pay no state or local personal income taxes for up to 10 years, while partnering with higher education institutions.

See more about Syncsort, Iona’s Rockland Graduate Center, START-UP NY and Iona’s being named a START-UP NY site

About Iona College:
Located 20 miles from Midtown Manhattan, Iona College is a four-year private Master’s granting coeducational institution of learning in the tradition of the Edmund Rice Christian Brothers and American Catholic higher education. It is a diverse community of learners and scholars dedicated to academic excellence and the values of justice, peace and service. Iona offers undergraduate degrees in liberal arts, science, and business administration, as well as Master of Arts, Master of Science and Master of Business Administration degrees and numerous advanced certificate programs. Iona College is the second largest private sector employer in New Rochelle, N.Y. with a statewide economic impact of approximately $250 million annually.

About START-UP NY:
START-UP NY provides businesses that create net new jobs in New York State with the opportunity to operate 100 percent tax-free for 10 years, paying no state income tax, business or corporate state or local taxes, sales tax, property tax or franchise fees. The companies also partner with the higher education institutions they are sponsored by, and have the ability to access industry experts and advanced research laboratories associated with the schools.

See additional coverage in the Westchester County Business Journal & Fairfield County Business Journal Software company leaving NJ for Start-Up NY

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