NEW YORK, Oct. 20, 2015 /PRNewswire/ -- SintecMedia today announced that it has acquired Broadway Systems, a leading provider of broadcast management solutions. Broadway Systems manages several billion dollars in advertising revenues across news, sports, music, and entertainment networks for leading customers in the media industry, including three of the Top 15 rated cable television networks in the US.
"We are excited about the addition of Broadway Systems to the SintecMedia family and look forward to bringing our two companies together. With its technology leadership and extensive industry experience, Broadway fits seamlessly into the SintecMedia portfolio," said Amotz Yarden, SintecMedia CEO. "The media industry is changing and it requires an experienced partner and strong technology to navigate the complexity of new channels, new advertising methods and new business models. Our strategy is to use the best people and systems to deliver that to the market."
"We recently launched OnBoard, a TV sell side platform (SSP) that gives networks the tools they need to control their Linear and Digital advertising inventory. Integrating OnBoard with Broadway Systems' innovative solutions will provide Broadway customers a path to enhance their business, particularly in the growing category of digital, programmatic solutions."
"The acquisition of Broadway Systems will contribute to the further expansion of SintecMedia in the US," said Amir Lavi, President of SintecMedia Americas. "We will continue to invest in and support the Broadway Systems products, as well as leverage our expanded portfolio to offer Broadway's customers exciting new solutions. We will integrate Broadway into the wider SintecMedia product suite, providing all our customers with enhanced technology offerings and superior customer service. We are looking forward to having Broadway join the SintecMedia team."
SintecMedia provides the most complete, integrated solutions for the media industry. Founded in 2000, SintecMedia has grown to manage more than $30 billion in advertising revenue via OnAir, IBMS, and SIMS. Among SintecMedia's strong worldwide customer base of over 400 broadcast networks, cable networks, stations, and MSOs are: NBCUniversal, CBS, Discovery, and FOX. SintecMedia employs over 800 employees and has offices around the globe including in New York, Atlanta, London, Sydney and Jerusalem. For more information, visit www.sintecmedia.com