Summary：Lumine Group Stuns Industry with Synamedia Video Network Business Acquisition DealTORONTO, July 01,

Lumine Group Stuns Industry with Synamedia Video Network Business Acquisition Deal

TORONTO, July 01, 2026 (GLOBE NEWSWIRE) — In a move that has sent shockwaves throughout the communications and media software sector, Lumine Group Inc. (“Lumine Group” or “the Company”) (TSXV: LMN) has announced its latest strategic acquisition, purchasing Synamedia's Video Network Business in a deal that promises to reshape the industry landscape. The newly acquired business will operate under the name “Quortex,” marking a significant expansion of Lumine Group's portfolio.

Key Developments
The acquisition of Synamedia's Video Network Business by Lumine Group is a landmark deal that underscores the company's commitment to its global buy-and-hold forever strategy. By absorbing this business, Lumine Group is not only broadening its technological capabilities but also significantly enhancing its market presence. The integration of Synamedia's assets into the new entity, Quortex, is expected to leverage synergies and drive innovation in video network solutions.

Industry Analysis
The communications and media software industry is characterized by rapid technological advancements and an increasing demand for high-quality video content delivery. The acquisition by Lumine Group is a strategic response to these trends, consolidating its position among key players. Analysts view this move as a calculated effort to capitalize on the growing need for robust video network infrastructure, driven by the proliferation of streaming services and the rise of 5G networks.

Future Outlook
As Quortex begins to operate under the Lumine Group umbrella, industry observers are keenly watching for signs of how this new entity will influence the market. With its enhanced capabilities, Quortex is poised to drive significant advancements in video network technology, potentially setting new standards for content delivery. Lumine Group's long-term hold strategy suggests a commitment to nurturing Quortex, indicating a promising future for the newly formed business.

Conclusion
Lumine Group's acquisition of Synamedia's Video Network Business is a pivotal moment in the communications and media software industry, marking a significant realignment of market forces. As Quortex takes shape, it is clear that this development will have far-reaching implications, driving technological innovation and shaping the future of video content delivery. With this strategic move, Lumine Group has once again demonstrated its role as a key architect of the industry's future.