Last updated 2026-07-23
- Acquired by Accel Solutions Group Ltd. for $24.9M, Sep 2025
- Raised Follow-on PO, Dec 1999
Total raised
—
Stage
Public
Founded
1989
Headcount
173
HQ
Yokne'am Illit, Israel
Sector
Business Software
About
Synel M.L.L Payway Ltd is an Israeli technology company that develops and provides software-integrated hardware solutions for workforce management and security across organizations in Israel and internationally. Their comprehensive suite of solutions includes time and attendance management, job costing, shift scheduling, absence management, biometric hardware, and smartphone applications. They also offer security solutions such as access control, visitor management, CCTV, and automatic number plate recognition. Additionally, Synel provides professional consulting and training services covering payroll control and labor law topics. As of September 25, 2025, Synel M.L.L Payway Ltd operates as a subsidiary of Accel Solutions Group Ltd.
Funding history · 1 round · — total
1999-12
Follow-on PO
Undisclosed
Headcount over time
From 79 (2018-09) to 173 (2026-07) · +94 (+119%) · 61 points · source: Finder history + radar grounding
Q&A
- What is the primary business of SYNEL MLL PayWay?
- SYNEL MLL PayWay specializes in developing and producing data collection systems and solutions for workforce management, including online and real-time attendance systems, shift scheduling, access control, and job costing.
- When was SYNEL MLL PayWay founded?
- SYNEL MLL PayWay was founded in October 1989.
- What is the current status of SYNEL MLL PayWay?
- SYNEL MLL PayWay was acquired by Accel Solutions in August 2025.
- How many employees does SYNEL MLL PayWay have?
- SYNEL MLL PayWay has 51–200 employees.
- What types of technologies does SYNEL MLL PayWay implement in its solutions?
- SYNEL MLL PayWay implements biometric fingerprint technologies and wireless communication in its hardware and software solutions.
- Where are SYNEL MLL PayWay's main headquarters located?
- SYNEL MLL PayWay's headquarters are located in Yokne'am Illit, Israel.
- Who is the Founder, President & CEO of SYNEL MLL PayWay?
- Gabi Buganim is the Founder, President & CEO of SYNEL MLL PayWay.
- What is SYNEL MLL PayWay's market capitalization?
- SYNEL MLL PayWay has a market capitalization of $32,693,552 USD.
Team · 1
Gavriel Buganim
Founder · Founder
Sectors & technology
Primary sector
Business Software
Sub-sectors
Business SoftwareOperations SolutionsHuman Resources Management
Technologies
Platforms & InterfacesSoftware
Target customers
Defense, Safety & SecuritySecurityHomeland SecurityConsumersEducation & AcademiaEnterprise & Professional ServicesEnterprises
Business model
B2BB2G
Tags
securityworkforce-managementsmbauthenticationenterprise-solutionsbiometricsmobile-applicationshardwaregovernmententerprisespayrollretailersmanagement-solutionshealthcare-providershr-techpensionmanufacturing-facilitiesaccess-control
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | synel.com |
|---|---|
| linkedin.com/company/123163 | |
| facebook.com/synelinternational | |
| YouTube | youtube.com/channel/UCwVkfQq6s_9YBsRJLOi82pA |
Identifiers & details
| Legal name | Synel M.L.L Payway Ltd |
|---|---|
| Founded | 1989 |
| Employees (exact) | 173 |
| Offices | Paris; Moscow; Scottsdale; Beijing; United Kingdom |
| Market cap | $32.7M |
| Status reason | Acquired by Accel Solutions on Aug, 2025 |
Acquisitions & public offerings
Acquired by Accel Solutions Group Ltd. 2025-09 $24.9M
Radar intelligence
Web history (Wayback)
| Domain | synel.com |
|---|
Certificate / subdomain footprint
| Subdomains | 11 |
|---|
Israeli Companies Registrar (רשם החברות / ICA)
| Registrar # (ח.פ.) | 511416612 |
|---|---|
| Status | פעילה |
| Corp type | ישראלית חברה ציבורית |
| Incorporated | 1989-10-05 |
| Purpose | לעסוק בסוגי עיסוק שפורטו בתקנון |
| Liability | מוגבלת |
| In violation (unfiled) | no |
| Last annual report | 1994 |
| Active charges / liens | 0 |
| Registry events | 6 — people (3), charge (3) |
| Registered address | דרך יצחק רבין 2 פתח תקווה |
Recent registry events
| Date | Event |
|---|---|
| 2026-04-30 | עדכון בעלי תפקידים |
| 2026-04-30 | עדכון דירקטורים-הוספת דירקטור |
| 2026-04-30 | עדכון דירקטורים-הסרת דירקטור |
| 2026-06-25 | סילוק שעבוד |
| 2026-05-12 | סילוק שעבוד |
| 2026-05-12 | סילוק שעבוד |