Synamedia

Company Overview

Snapshot

Founded in January 1988, Synamedia operates with over 500 employees. The company has expanded its capabilities through strategic acquisitions, including Quortex in July 2022, enhancing its secure, end-to-end video delivery solutions.

Business overview

Synamedia provides secure, advanced, end-to-end open video delivery solutions, building on over 30 years of expertise. The company is a global provider of video solutions, trusted by over 200 top satellite DTH, cable, telco, and OTT operators, content owners, and broadcasters. Synamedia operates within the Media & Entertainment Technologies sector, focusing on digital content distribution, production, and engagement.

Strategic signal

In February 2023, Synamedia underwent a workforce optimization, reducing its employee count by 200, representing 12% of its total workforce. This signals a strategic restructuring aimed at streamlining operations and potentially re-focusing resources amidst evolving market dynamics in the video delivery solutions industry.

Company Intelligence Q&A

What was a significant operational change at Synamedia in early 2023?

In February 2023, Synamedia reduced its workforce by 200 employees, which accounted for 12% of its total staff.

Which company did Synamedia acquire in July 2022?

Synamedia acquired Quortex in July 2022, expanding its portfolio of video delivery solutions.

What was Synamedia's strategic move in May 2022?

In May 2022, Synamedia acquired Utelly.com, further strengthening its position in the video technology market.

Which company did Synamedia acquire in August 2021?

Synamedia acquired ContentArmor in August 2021, enhancing its capabilities in content protection and security.

When did Synamedia inaugurate its new offices in Jerusalem?

In March 2021, Synamedia inaugurated its new offices in Har Hotzvim, Jerusalem, following a lease agreement for 10,000 square meters in May 2020.