Synel MLL Payway fully acquires Synel UK

Synel MLL PayWay announced full acquisition of Synel UK Industries shares. This transaction reflects SYNEL's MLL PayWay focus on advancing its all-channel model and continuing to grow its successful software and hardware business through the full integration of Synel UK. End Quote

(1888PressRelease) May 17, 2016 - Synel UK Industries develop, produce, supply and install computerised systems for data collection, workforce management, time & attendance, scheduling, electronic registration and access control applications. More than 2000 companies and organisations in the UK are using Synel Systems.

The Vice President of Synel MLL PayWay, Mr. Erez Buganim stated, "With this transaction we are further accelerating both Synel's MLL PayWay offering channels and Synel UK Industries growth. We plan to continue to foster Synel's UK culture of innovation, which has helped create a strong brand with a loyal and devoted clientele. Fully acquiring Synel UK to our rapidly growing digital business is very exciting and we see tremendous potential to enhance our worldwide presence by leveraging Synel UK advanced capabilities in an era of mobile data applications and big data solutions we develop and supply to our worldwide clientele."

"Synel MLL PayWay acquisition is going to enhance Synel's UK growth" said Yuval Gonen, General Manager of Synel UK. "Synel MLL PayWay is committed to positioning our business for further success. We thank SYNEL MLL PayWay for their confidence and support and we are certain we have the right team in place to continue to innovate and grow Synel UK." Synel MLL PayWay plans to leverage Synel's UK unique products and innovation capabilities to accelerate the growth of Synel MLL PayWay worldwide.

Synel Industries UK develops, produces, supplies and installs computerised systems for data collection, time & attendance, scheduling, electronic registration and access control applications. Synel Industries UK has over 25 years of experience as a total solutions provider, offering a full range of hardware and software at very competitive prices. More than 2000 companies and organisations in the UK are using our systems, including Rugby Football Union , IKEA, Royal Academy of Music, Honda UK, ACCA, DHL (GB), Sainsbury's and Arcadia Group just to name a few. A world leader of employee's time & attendance data collection, Synel supplies complete hardware and software solutions for easy management and control of any organisations time resources. R&D is at the heart of Synel's operations, transforming advance technologies into software solutions that make a difference in workplace. Synel…Time to be efficient!

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