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RELEASE: HTEC acquires SYRMIA to further strengthen its engineering base in southeastern Europe

(Information sent by the signatory company).

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RELEASE: HTEC acquires SYRMIA to further strengthen its engineering base in southeastern Europe

(Information sent by the signatory company)

- HTEC acquires SYRMIA to expand its AI, machine learning and embedded software engineering capabilities and further strengthen its engineering base in Southeast Europe

SAN MATEO, Calif., Feb. 8, 2024 /PRNewswire/ -- HTEC, a San Francisco-based end-to-end digital product development and engineering services company, today announced the acquisition of SYRMIA, an engineering company integrated software company based in Belgrade, Serbia. This acquisition is part of HTEC's overall strategy to further enhance its capabilities in artificial intelligence, machine learning and embedded technologies, creating additional value for customers and providing growth opportunities for talent at both companies.

Since its establishment in 2008 in Belgrade, HTEC has attracted and developed top talent. Since then, the team has almost doubled every year and now HTEC has 23 development centers mainly in Southeast Europe and creative and consulting offices in Silicon Valley, London, New York, Minneapolis, Amsterdam, Stockholm and Gothenburg. By fusing Silicon Valley-based design thinking with world-class software engineering, HTEC supports global clients with end-to-end digital product development, from strategy and conceptualization to digital product design and engineering. sophisticated.

SYRMIA was founded in 2018 and today has four development centers: in Belgrade, Niš, Novi Sad and Banja Luka. SYRMIA's team of 250 experts works on cutting-edge embedded software solutions, ranging from low-level system libraries, tools and compilers, emulators, machine learning frameworks and GPU software, to software blocks used in IT markets. automotive and consumer.

"We are excited to join forces with HTEC in this strategic partnership. This acquisition marks an important milestone in our journey, strengthening our expertise and allowing us to offer even more advanced technology and innovative solutions to our customers. The collaboration between our two companies holds immense promise , not only for our people but also for our clients, as we collectively explore new avenues of growth and excellence. Staying true to our core values, we move forward with boundless enthusiasm. I look forward to the development of dynamic transformations and successes arising from this collaboration " - said Đorđe Simić, Head of Operations at SYRMIA.

The global success of both companies is a result of their ability to attract exceptional professionals and deliver outstanding customer service to their clients, from high-growth startups to Fortune 500 companies.

"I am delighted to welcome SYRMIA. This partnership is part of HTEC's broader strategy of expansion and investment in Artificial Intelligence and machine learning capabilities. With the addition of the SYRMIA team, we expand our capabilities in core technology engineering, such as embedded software development and core machine learning technologies. This allows us to offer more advanced solutions to our clients, especially in the multimedia and automotive sectors. As a team, we remain committed to offering exceptional growth opportunities to professionals who "We hire globally, while equipping our clients with the latest technologies so they can innovate quickly in an ever-changing environment. I am delighted to see SYRMIA becoming an integral part of the HTEC team," said Aleksandar. Čabrilo, co-founder and CEO of HTEC.

Together, HTEC and SYRMIA provide sophisticated hardware and software engineering and digital product development services to the world's leading high-tech companies, fast-growing startups and global enterprises. With teams working across industries and geographies, HTEC solves some of the toughest engineering problems, combining the latest technologies with limitless creativity to create cutting-edge digital products and platforms.

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