HTEC, a San Mateo, CA-based end-to-end digital product development and engineering services company, acquired Syrmia, an embedded software engineering company based in Belgrade, Serbia.
The amount of the deal was not disclosed.
Founded in 2018, SYRMIA has a team of 250 experts who works on solutions in embedded software, ranging from low-level system libraries, tools and compilers, emulators, machine learning frameworks, and GPU software, to software blocks used in the automotive and consumer markets. It has four development centers today – in Belgrade, Niš, Novi Sad, and Banja Luka.
This acquisition was part of HTEC’s overall strategy to further enhance its capabilities in AI, machine learning and embedded technologies, creating additional value for clients and providing growth opportunities for the talent of both companies. Together, HTEC and SYRMIA provide digital product development and hardware and software engineering services to companies, startups, and global enterprises.
Since its inception in 2008 in Belgrade, HTEC now has 23 development centers primarily across Southeast Europe and creative and consulting offices in Silicon Valley, London, New York, Minneapolis, Amsterdam, Stockholm, and Gothenburg. By combining design thinking with software engineering, HTEC supports global clients with end-to-end digital product development, from strategy and conceptualization to digital product design and engineering.
Commenting on the news, Aleksandar Čabrilo, CEO of HTEC, said: “I am thrilled to welcome SYRMIA onboard. This partnership is part of HTEC’s broader strategy of expansion and investing in Artificial Intelligence and machine learning capabilities. Bringing the SYRMIA team onboard, we are expanding capabilities in core technology engineering such as embedded software development and core machine learning technologies. This enables us to deliver more cutting-edge solutions to our clients, especially those in multimedia and automotive. As a team, we remain committed to providing exceptional growth opportunities to the professionals we hire around the world while empowering our customers with the latest technologies so they can innovate rapidly in an ever-changing environment. It brings me great joy to see SYRMIA become an integral part of the HTEC team“
FinSMES
10/02/2024