Lumine_Group acquires Synamedia Video Network

Lumine Group>>>, a global acquirer of communications and media software businesses, announced an agreement through its subsidiary to acquire the Video Network Business from Synamedia>>>. This marks Lumine Group>>>'s 16th corporate carve-out transaction. The acquired business, which will operate independently under its primary product name, Quortex>>>, focuses on video processing, broadcast delivery, and live streaming. Synamedia>>>'s CEO, Paul Segre>>>, noted that the transaction will create two distinct businesses, allowing both to innovate more effectively. Tony Garcia>>>, COO of Lumine Group>>>, highlighted the acquisition's role in deepening Lumine Group>>>'s presence in the media supply chain. The deal is subject to customary closing conditions and employee consultation processes.