.jpg)
1 hour ago
3
Article content
The business will operate under the name “Quortex”
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
TORONTO, July 01, 2026 (GLOBE NEWSWIRE) — Lumine Group Inc. (“Lumine Group” or “the Company”) (TSXV: LMN), a global buy-and-hold forever acquirer of communications and media software businesses, today announced that, through its subsidiary, it has completed the acquisition of the Video Network Business (“the business”) from Synamedia. The business will operate under the name “Quortex” as a standalone company, consistent with Lumine’s decentralized operating approach.
Article content
Article content
Article content
This acquisition marks Lumine Group’s 16th corporate carve-out and deepens Lumine’s presence in the Media supply chain domain, particularly across Video Processing, Broadcast Delivery, and Live Streaming.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
The transaction was initially announced on June 2, 2026.
Article content
Forward Looking Statements
Article content
Certain statements herein may be “forward looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual events to be materially different from any future events expressed or implied by such forward looking statements. Words such as “may”, “will”, “expect”, “believe”, “plan”, “intend”, “should”, “anticipate” and other similar terminology are intended to identify forward looking statements. Forward looking statements involve significant risks and uncertainties and should not be read as guarantees of future results. These forward-looking statements reflect current assumptions and expectations regarding future events and are made as of the date hereof and Lumine Group assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances.
Article content
Article content
About Lumine Group
Article content
Lumine Group (TSXV: LMN) acquires, strengthens, and grows vertical market software businesses in the Communications and Media industry. Learn more at www.luminegroup.com.
Article content
About Quortex
Article content
Quortex helps broadcasters, media companies, operators, and streaming providers turn video into a source of growth.
Article content
Its innovative end-to-end solutions simplify operations and optimize video delivery across cloud-native, hybrid, and on-premises environments. Learn more at www.quortex.io.
Article content
About Synamedia Ltd
Article content
Synamedia helps many of the world’s leading operators and media companies create, deliver and monetise next-generation video experiences across mobile and big screen. Combining integrated platforms, cloud innovation and trusted operational expertise, Synamedia enables customers to grow audiences, increase engagement and accelerate digital transformation. Synamedia is headquartered in Maidenhead, UK. Learn more at https://www.synamedia.com/.
Article content
Lumine Group Media Relations Contact
Erini Andriopoulos
Senior Director of Marketing & Communications, Lumine Group
+1-437-353-4910
[email protected]
Article content
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Article content
Article content
Article content
Article content
Article content
Article content
English (US)