Israeli Company SintecMedia Reportedly to Be Bought for $400 Million

Founded in 2000, SintecMedia is a big company by Israeli standards, employing 800 people in 11 offices worldwide and counts NBC, ABC and BBC among its clients for its flagship OnAir product.

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SintecMedia, a Jerusalem company that makes Internet-based management software systems for broadcasters, is expected to be acquired shortly by the U.S. private equity firm Francisco Partners for about $400...