SYNEL MLL PayWay 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. Synel's portfolio provides complete hardware and software solutions, implementing biometric fingerprint technologies and wireless communication. The company's workforce management solutions are available both for complex, multi-location enterprises and single-building facilities.
Latest News
growth-positive
Accel Solutions Group is paying NIS 93 million for the 69% stake in Synel Payway owned by Gavriel and Erez Boganem.
Accel Solutions Group is acquiring a 69% stake in Synel Payway for NIS 93 million, valuing Synel at NIS 134 million. This acquisition marks a significant change in ownership for Synel, a company with a history of over three decades. The deal will see Gavriel Boganem, the founder, exit the company. Accel Solutions, which has expanded into cybersecurity and AI services, also announced a NIS 40 million placement with Clal Insurance, making Clal the largest shareholder. The acquisition and investment are expected to positively impact Accels growth and market position.
AcquisitionInvestment
growth-positive
סינאל תספק לבית חולים רמב"ם תגים מגנטיים למתחסנים לקורונה
Signal, a company specializing in location-based technological solutions, has signed a cooperation agreement with Rambam Hospital to supply thousands of magnetic tags. These tags may serve in the future as a green tag for all those vaccinated, including medical teams, hospital staff, and other populations coming to be vaccinated. At the request of the hospital management, Signal set up a computerized station that includes photo booths in the vaccination complex, providing each vaccinee with a magnetic card with a picture and the vaccinees details.
Partners
growth-positive
סינאל פיתחה טכנולוגיה לענף המסעדות והאירוח באנגליה, המותאמת לתקנות הקורונה
סינאל, the Israeli company, is expanding its presence in the English market through its subsidiary, סינאל UK. The company has developed a technological solution for the restaurant and hospitality industry in England, which requires businesses to document details about each person who visits, including health declarations, in accordance with the Test & Trace guidelines. סינאל UK has developed an accessible data system that can be used on tablets and Android and iOS devices, allowing individuals to easily enter the required information. The registration system aims to help break the chain of infection by quickly identifying all individuals exposed to a COVID-19 patient in the same place and time. The system complies with GDPR regulations in England and provides accessible data that can be downloaded through an online portal. The company plans to reach hundreds of businesses in England with its specialized technology.
CustomersPartners
Synel launches new heat camera to help compliance with government Covid-19 restrictions
growth-positive
Israeli tech firm offers app to government to keep tabs on quarantined COVID-19 patients
Synel, an Israeli company, has offered its Harmony Smart application to track the digital presence of people in quarantine without using their smartphones microphone or camera. The app allows users to update their location, which is then matched with their physical address or device location. The government only receives the location from where the report was sent, along with the time and telephone number of the user. Synel had previously offered the app to the government in March, but now with an increasing number of COVID-19 cases, they have repeated their offer. The company aims to help enforce quarantine for thousands of Israelis. Currently, COVID-19 patients in Israel are responsible for monitoring their own quarantine.
Customers
| Sector | Business Software |
Funding
| Total funding | Undisclosed |
| Last funding | Undisclosed |
| Stage | Public |
| Rounds | 1 |
| Investors | 0 |
Team Members
3
Employees: 51-200
Web & Social Links
| Website | www.synel.com |
| Careers | Careers page |
| App Store | App Store |
| Google Play | Google Play |
Locations
HaMada St 2, Yokne'am Illit, Israel
Paris, France
Moscow, Russia
16425 North Pima Road, Scottsdale, AZ 85260, USA
Beijing, China
Transputec House, 19 Heather Park Dr, Wembley HA0 1SS, UK
Photos & Videos
6 item(s)
SYNEL MLL PayWay Business
Business models
B2B, B2G
Product stage
Released
Employees
51-200
Sector
Business SoftwareOperations SolutionsHuman Resources ManagementTarget Customer
Defense, Safety & SecuritySecurityHomeland SecurityConsumersEducation & AcademiaEnterprise & Professional ServicesEnterprisesCore Technology
Platforms & InterfacesSoftwareTags (18)
securityworkforce-managementsmbauthenticationenterprise-solutionsbiometricsmobile-applicationshardwaregovernmententerprisespayrollretailersmanagement-solutionshealthcare-providershr-techpensionmanufacturing-facilitiesaccess-controlGeographic Markets
United KingdomAmericasFranceIsraelSYNEL MLL PayWay Financials
Undisclosed
Total funding
—
Capital raised
Undisclosed
Last funding
Public
Funding stage
1
Total rounds
0
Investors
Public Offering / Exit
MNAEvent
Aug 2025
$93M
POEvent
Jan 2000
Undisclosed
SYNEL MLL PayWay Lifecycle
All Events
MNAEvent
Aug 2025
$93M
POEvent
Jan 2000
Undisclosed
SYNEL MLL PayWay News
9 articles
growth-positive
Accel Solutions Group is paying NIS 93 million for the 69% stake in Synel Payway owned by Gavriel and Erez Boganem.
Accel Solutions Group is acquiring a 69% stake in Synel Payway for NIS 93 million, valuing Synel at NIS 134 million. This acquisition marks a significant change in ownership for Synel, a company with a history of over three decades. The deal will see Gavriel Boganem, the founder, exit the company. Accel Solutions, which has expanded into cybersecurity and AI services, also announced a NIS 40 million placement with Clal Insurance, making Clal the largest shareholder. The acquisition and investment are expected to positively impact Accels growth and market position.
AcquisitionInvestment
growth-positive
סינאל תספק לבית חולים רמב"ם תגים מגנטיים למתחסנים לקורונה
Signal, a company specializing in location-based technological solutions, has signed a cooperation agreement with Rambam Hospital to supply thousands of magnetic tags. These tags may serve in the future as a green tag for all those vaccinated, including medical teams, hospital staff, and other populations coming to be vaccinated. At the request of the hospital management, Signal set up a computerized station that includes photo booths in the vaccination complex, providing each vaccinee with a magnetic card with a picture and the vaccinees details.
Partners
growth-positive
סינאל פיתחה טכנולוגיה לענף המסעדות והאירוח באנגליה, המותאמת לתקנות הקורונה
סינאל, the Israeli company, is expanding its presence in the English market through its subsidiary, סינאל UK. The company has developed a technological solution for the restaurant and hospitality industry in England, which requires businesses to document details about each person who visits, including health declarations, in accordance with the Test & Trace guidelines. סינאל UK has developed an accessible data system that can be used on tablets and Android and iOS devices, allowing individuals to easily enter the required information. The registration system aims to help break the chain of infection by quickly identifying all individuals exposed to a COVID-19 patient in the same place and time. The system complies with GDPR regulations in England and provides accessible data that can be downloaded through an online portal. The company plans to reach hundreds of businesses in England with its specialized technology.
CustomersPartners
Synel launches new heat camera to help compliance with government Covid-19 restrictions
growth-positive
Israeli tech firm offers app to government to keep tabs on quarantined COVID-19 patients
Synel, an Israeli company, has offered its Harmony Smart application to track the digital presence of people in quarantine without using their smartphones microphone or camera. The app allows users to update their location, which is then matched with their physical address or device location. The government only receives the location from where the report was sent, along with the time and telephone number of the user. Synel had previously offered the app to the government in March, but now with an increasing number of COVID-19 cases, they have repeated their offer. The company aims to help enforce quarantine for thousands of Israelis. Currently, COVID-19 patients in Israel are responsible for monitoring their own quarantine.
Customers
growth-positive
This company's tools give employers a sneak peek at their workers' productivity at home
Erez Buganim, deputy CEO of SYNEL MLL PayWay Ltd., believes companies must find ways to learn what their employees are doing when working from home during and after the Covid-19 era. The article discusses the productivity of employees working from home during the pandemic, with some reporting increased productivity and others experiencing burnout. SYNEL offers a workflow management tool that monitors employee activity on their computers while working remotely. Buganim suggests that companies will need to adopt some kind of tool to ensure work is being done, even those traditionally wary of monitoring employees. The impact on SYNEL is growth-positive as companies seek solutions for remote work and employee monitoring.
CustomersPartners
growth-negative
Synel M.L.L Payway Ltd (TLV:SNEL) Might Not Be A Great Investment
The article discusses Synel M.L.L Payway Ltds Return On Capital Employed (ROCE) and compares it to similar companies in the software industry. The companys ROCE is below the industry average, indicating that it may not be utilizing its capital as effectively as its competitors. The article suggests that there may be more attractive investment prospects elsewhere. Synel M.L.L Payways current liabilities are relatively low and have a small impact on its ROCE. Overall, the article presents a negative outlook for the companys growth potential.
Investment
growth-positive
Synel has successfully implemented an integrated system to manage the workforce and biometric attendance terminals at SolarEdge - Synel
Synel successfully implemented a workforce management system and biometric attendance terminals at SolarEdge. The implementation project lasted about five months and ended in March 2018. The system includes payroll software, attendance management software, human resource module, and digital 101 forms. Synels integrated system provides an end-to-end solution managed by a single vendor. SolarEdge transitioned from working with multiple suppliers to a single integrated system. Prior to implementing Synels solutions, SolarEdge used simple systems that did not meet their unique needs.
Customers
growth-positive
Synel has successfully implemented an integrated system to manage the workforce at Psagot Investment House - Synel
Synel has successfully implemented a workforce management solution at Psagot Investment House, which will improve the organizations profitability and decision-making capabilities. The implementation project lasted approximately seven months and ended in April 2018. Synels Harmony system allows investment managers to manage employees and visitor activities online from anywhere and at any time. The system manages access control and attendance control in a 15-floor building with almost 1,000 employees. Psagot chose to upgrade to Synels SYNERGY terminal, which operates in real-time and integrates all relevant software into one system. This decision by Psagot will strengthen Synels position in the Israeli market.
Partners
SYNEL MLL PayWay Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 136 |
| Team members | 3 |
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SYNEL MLL PayWay Internal
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Admin Info
| Confidence | 94/100 |
| Missing | funding rounds, markets, not claimed |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 511416612 |
| Crunchbase | synel-industries-ltd |
| Phone | +97249596760 |
| Creator | Sharon Blatt |
| Creator email | dodasher1436@gmail.com |
| Last updater | Dana Arnon |
| Updater email | dana.arnon@mail.huji.ac.il |
| Last update | 2022-09-13T00:00:00.000Z |
| Created | 2015-05-14T00:00:00.000Z |
| Status detail | Acquired by Accel Solutions on Aug, 2025 |