The business will operate under the name “Quortex” 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. 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. The transaction was initially announced on June 2, 2026. Forward Looking Statements 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. About Lumine Group Lumine Group (TSXV: LMN) acquires, strengthens, and grows vertical market software businesses in the Communications and Media industry.
Learn more at www.luminegroup.com. About Quortex Quortex helps broadcasters, media companies, operators, and streaming providers turn video into a source of growth. 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. About Synamedia Ltd 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/. Lumine Group Media Relations ContactErini AndriopoulosSenior Director of Marketing & Communications, Lumine Group+1-437-353-4910 erini.andriopoulos@luminegroup.com 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.
Lumine Group, Synamedia, Video Network Business, Quortex, acquisition, media supply chain, video processing, broadcast delivery, live streaming, TSXV: LMN
So they changed the name to Quortex like that fixes everything lol. Who even is Synamedia? Sounds like more rebranding.
Video Network buyout… ok but does this affect regular people streaming sports? Like will it buffer more or less? I don’t really get the “forever acquirer” thing either.
Wait, I thought Synamedia already owned everything and Lumine just bought the name? Also 16th carve-out?? That’s either super smart or just corporate chaos. If they’re “decentralized” does that mean support tickets go to 17 different places?
This reads like corporate press gobbledygook. Quortex sounds like they’ll finally make video delivery better, but it’s probably just to get investors excited. And July 1st announcement… doesn’t that mean it’s already too late for whatever changes they claim?