Synamedia ‘opens for business’ as Permira funds complete acquisition of Cisco’s Service Provider Video Software Solutions
Synamedia says that it is ‘open for business’ following the completion of Permira funds’ acquisition of Cisco’s Service Provider Video Software Solutions (SPVSS) group.
Synamedia’s technologies, protected by a global portfolio of 590 patents, encompass Infinite Video Platform, cloud digital video recording, video processing, video security and client software. Synamedia’s global team of experts provides end-to-end video services to customers spanning advisory, delivery, implementation, training, system integration and customer support.
The company boasts a workforce of thousands located primarily in the US, UK, Israel, India, Belgium, China and Canada. Its portfolio of over 200 pay TV and media customers includes AT&T, Astro, beIN, Bharti Airtel, Charter, China DTH, Comcast, Cox, Disney, Foxtel, Get, Liberty Global, Oi, OSN, Rogers, Sky, Shaw, Tata Sky, Verizon, Viasat and Vodafone.
“While we are in a golden age of TV, our customers face challenges including the rising cost of content, soaring piracy levels, and the impact of large OTT challengers on the market. As an independent entity focused on this sector, we will help our customers optimize their current infrastructure and capitalize on OTT and IP distribution to expand consumer choice and convenience, secure their income and generate new revenue streams,” said Yves Padrines, CEO, Synamedia.