Broadcast Vendor M&A: SintecMedia Acquires StorerTV

Posted by Joe Zaller
Jan 10 2013

Traffic & billing provider SintecMedia announced that it has acquired StorerTV, a US-based provider of media program and contract rights management software solutions for the television broadcast and cable industry.

Terms of the deal were not disclosed

“The opportunity to acquire StorerTV, one of the industry’s most recognized names in the United States, bolsters SintecMedia’s North American presence,” said SintecMedia CEO Amotz Yarden.” The acquisition enables us to extend our product line and effectively makes SintecMedia one of the most powerful vendors in the global media business solutions market. Station groups, networks and other StorerTV customers will find exciting, new, comprehensive offerings from SintecMedia that can help them generate greater revenues and profitability. Based on StorerTV’s stellar client-base, we are energized by the opportunities for growth. We expect 2013 will be another great year for SintecMedia.”

SintecMedia is owned by PE firm Riverwood Capital Management, who purchased the company in 2011 for approximately $110m..

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Related Content:

Press Release: SintecMedia Acquires StorerTV

Press Release: Taldan Capital Leads $110 million the Buyout of SintecMedia

Riverwood Capital Portfolio Companies – SintecMedia

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