SYNEL MLL PayWay

Workforce Management Systems

Business Software
Acquired by Accel Solutions on Aug, 2025

Company Overview

Snapshot

Founded in October 1989 by Gabi Buganim, SYNEL MLL PayWay operates with 51–200 employees. The company was acquired by Accel Solutions in August 2025.

Business overview

SYNEL MLL PayWay develops and produces data collection systems and solutions for workforce management, online and real-time attendance, shift scheduling, access control, and job costing. The company's portfolio includes complete hardware and software solutions, implementing biometric fingerprint technologies and wireless communication. SYNEL MLL PayWay serves various markets, offering workforce management solutions for both complex, multi-location enterprises and single-building facilities, operating within the Business Software sector, specifically focusing on Human Resources Management.

Strategic signal

In August 2025, SYNEL MLL PayWay was acquired by Accel Solutions Group for NIS 93 million, representing a significant strategic exit for the company. This acquisition highlights the value placed on SYNEL's workforce management solutions and biometric technologies, signaling a consolidation trend within the HR tech and business software sectors. For investors, this event demonstrates a successful realization of value and potential for further integration and expansion under new ownership.

Company Intelligence Q&A

What was a significant recent corporate development for SYNEL MLL PayWay?
In August 2025, SYNEL MLL PayWay was acquired by Accel Solutions Group for NIS 93 million, specifically for a 69% stake owned by Gavriel and Erez Boganem.
When was SYNEL MLL PayWay founded and by whom?
SYNEL MLL PayWay was founded in October 1989 by Gabi Buganim.
What type of technology did SYNEL MLL PayWay launch in September 2020?
In September 2020, SYNEL launched a new heat camera to assist with compliance with government COVID-19 restrictions.
What solution did SYNEL MLL PayWay provide to Psagot Investment House in July 2018?
In July 2018, SYNEL MLL PayWay successfully implemented an integrated system to manage the workforce at Psagot Investment House.
What was SYNEL MLL PayWay's offering to the restaurant and hospitality sector in the UK in November 2020?
In November 2020, SYNEL MLL PayWay developed technology for the restaurant and hospitality industry in England, adapted to COVID-19 regulations.

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