SYNEL MLL PayWay

Company Overview

Snapshot

Founded in October 1989 by Gabi Buganim, SYNEL MLL PayWay operates with 51–200 employees. The company was acquired by Accel Solutions in August 2025, marking a significant change in ownership.

Business overview

SYNEL MLL PayWay develops and produces data collection systems and solutions for workforce management, online and real-time attendance systems, shift scheduling, access control, and job costing. The company's portfolio includes complete hardware and software solutions, implementing biometric fingerprint technologies and wireless communication. These workforce management solutions cater to both complex, multi-location enterprises and single-building facilities, operating within the Business Software sector.

Strategic signal

In August 2025, SYNEL MLL PayWay was acquired by Accel Solutions Group, with Accel paying NIS 93 million for a 69% stake, valuing SYNEL at NIS 134 million. This acquisition signals a strategic consolidation within the HR solutions market, providing Accel Solutions with an established workforce management platform and expanding its market position, while also marking an exit for SYNEL's founder.

Company Intelligence Q&A

What was a significant recent corporate development for SYNEL MLL PayWay?

In August 2025, SYNEL MLL PayWay was acquired by Accel Solutions Group. Accel acquired a 69% stake for NIS 93 million, valuing SYNEL at NIS 134 million.

When did SYNEL MLL PayWay go public?

SYNEL MLL PayWay went public in January 2000, listing on the TASE.

What technology solution did SYNEL MLL PayWay develop for the UK hospitality sector?

In November 2020, SYNEL MLL PayWay, through its UK subsidiary, developed a technological solution for the restaurant and hospitality industry in England. This system helps businesses document visitor details and health declarations in compliance with Test & Trace guidelines, using an accessible data system for tablets and Android/iOS devices.

How did SYNEL MLL PayWay contribute to COVID-19 management efforts?

In August 2020, SYNEL MLL PayWay offered its Harmony Smart application to the Israeli government to track the digital presence of quarantined individuals without using smartphone microphones or cameras. The app allows users to update their location, which is matched with their physical address or device location.

What was SYNEL MLL PayWay's solution for remote work productivity during the pandemic?

In June 2020, SYNEL MLL PayWay offered a workflow management tool to monitor employee activity on computers for remote workers. This was in response to companies seeking solutions to ensure productivity for employees working from home during and after the COVID-19 era.