Synacor and Qumu Agree to Merger, Creating Global Leader in SaaS-Based Collaboration Software
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All-Stock Transaction to Enhance Financial Scale; Estimated $70 Million of Software Revenue with $50 Million Recurring Provides Strategic Opportunities to Accelerate Revenue Growth, Increase Operating Efficiencies and Open New Sales Channels Synacor, Inc., a cloud-based software and services company serving global video, internet and communications providers, device manufacturers, governments and enterprises, and Qumu Corporation a […]
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“All-Stock Transaction to Enhance Financial Scale; Estimated $70 Million of Software Revenue with $50 Million Recurring Provides Strategic Opportunities to Accelerate Revenue Growth, Increase Operating Efficiencies and Open New Sales Channels Synacor, Inc., a cloud-based software and services company serving global video, internet and communications providers, device manufacturers, governments and”Source
Exchanges
iMedia Announces Accretive Acquisition of Synacor’s Portal & Advertising Business Segment
Accelerating iMedia’s Growth in Online and OTT Media Commerce Services iMedia Brands, announced that on July 30, 2021, the Company closed on the acquisition of Synacor’s Portal and Advertising business segment. Financial terms were not disclosed. This acquisition is another example of iMedia’s strategy to leverage its interactive video expertise and national television promotional power, […]
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Synacor Extends Google Search and Advertising Relationship
BUFFALO, N.Y. – Synacor (Nasdaq: SYNC) today announced it has extended its search and advertising relationship with Google through May 31, 2020. The companies have worked together since 2011 with Google providing sponsored listings and other search-related services on both desktop and mobile web portals that Synacor operates for service providers and consumer electronics companies. […]
Synacor Acquires Technorati For $3 Million To Expand Its Ad Business
The wave of ad tech consolidation continues with Tuesday’s announcement that Synacor will purchase publisher tech vendor Technorati. The purchase price won’t be revealed until Synacor, a publicly traded company, files its 8-K to the SEC. [Update: Synacor paid $3 million cash.] Technorati posted $7 million in revenue last year, mostly from its aging ad […]
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Synacor Buys Technorati For Just $3M To Build Out Its Mobile And Ad Tech Business
Yet more consolidation underway in the ad tech business, and a resting place for what was once a leading authority for ranking important blogs and other sites online: Synacor, a company that provides monetization services for ISPs, carriers and others that offer content services, has acquired Technorati. Alongside the official confirmation, Synacor also posted an […]