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Synamedia opens for business

Follows completion of Permira Funds’ acquisition of Cisco’s Service Provider Video Software Solutions (SPVSS) group

Synamedia has officially opened for business following Permira Funds’ acquisition of Cisco’s Software Solutions group.

The companies’ technologies are protected by a global portfolio of 590 patents, encompassing Infinite Video Platform, cloud digital video recording, video processing, video security and client software.

It has over 200 pay-TV and media customers includes AT&T, Comcast, Liberty Global, 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 optimise their current infrastructure and capitalise on OTT and IP distribution to expand consumer choice and convenience, secure their income and generate new revenue streams,” said Yves Padrines, CEO of Synamedia.