Jerusalem-based broadcast management software provider SintecMedia has acquired Atlanta-based Argo Systems, a leading provider of business solutions to the cable network and operators industry. The deal brings together SintecMedia’s powerful OnAir® scalable, all-in-one broadcast management solution for media companies and its line of related products with Argo Systems’ unparalleled management solutions exclusively designed for Pay TV channels and multichannel video distributors. This is SintecMedia’s second acquisition in the North American market, complementing its recent purchase of StorerTV.
“SintecMedia’s acquisition of Argo Systems will further augment our local activities in the North American cable television and MSO markets. It will increase our footprint and capabilities, boost our US. presence in terms of local support including software engineers, technicians as well as other professionals and delivery resources that will enable us to supply a greater array of broadcast and digital media solutions,” said CEO Amotz Yarden. SintecMedia has a staff of over 300 employees with offices in New York, Denver, London and Jerusalem and is backed by the private equity firm Riverwood Capital.
Argo Systems’ President Doug Calahan added, “Merging with SintecMedia is a testament to our solutions’ strengths, opens new international markets and spurs further growth in North America. Combining the products and capabilities of SintecMedia, along with its newly acquired StorerTV, and now Argo Systems creates powerful platforms to take the industry into the future.”