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  • Tue, Feb. 23, 2:14 PM
    • With Technorati having posted 2015 revenue of $7M, Synacor is paying less than 0.5x sales. The deal is expected to be accretive to 2016 adjusted EBITDA.
    • Synacor claims Technorati serves over 1,000 publishers and 100M+ monthly unique users. CEO Himesh Bhise: "Combining Technorati's publisher network, SmartWrapper header bidding solution, and advertising technology with Synacor's existing portal network and monetization engine creates a large-scale Media Solutions Platform."
    • Advertising accounted for 45% of Synacor's Q3 revenue. Q4 results aren't due until March 16.
    | Tue, Feb. 23, 2:14 PM | 1 Comment
  • Aug. 18, 2015, 5:58 PM
    • Zimbra provides Web-based, open-source, e-mail and calendar/collaboration software to 500+ service providers, 1,000+ government and financial institutions, and 200K+ businesses. Synacor (NASDAQ:SYNC) is buying the company for $24.5M - $17.3M in cash, 3M shares, 0.6M warrants, and up to $2M worth of earn-outs.
    • Synacor, whose business model revolves around white-label software/services for ISPs and pay-TV providers, states the purchase will make it the largest provider of e-mail solutions for U.S. ISPs, and boost its international/enterprise expansion efforts. "Zimbra brings hundreds of millions of free and paying users in 135+ countries, adds new customers to Synacor's roster including 2500+ small business customers and 900+ government customers, and adds a valuable network of 1000+ value added resellers and 500+ hosting partners."
    • The deal is expected to close within 45 days. Thanks to Zimbra, Synacor now expects 2015 revenue of $102M-$108M and adjusted EBITDA of $4M-$6M, up from prior guidance of $97M-$102M and $3.5M-$5M.
    • With Synacor having a market cap of just $44M as of today's close, the deal is arguably a merger more than an acquisition.
    | Aug. 18, 2015, 5:58 PM
  • Jan. 14, 2015, 4:52 PM
    • Before recently shutting down, NimbleTV's service allowed pay-TV users to access content on the go (for a subscription fee) through a Web-based DVR. The startup has 13 employees, and had raised $6M in capital.
    • Synacor (NASDAQ:SYNC), whose software helps power plenty of TV Everywhere services, says the acquisition is "part acqui-hire, where we are adding to Synacor a team steeped in video expertise, as well as an acquisition of technology that will enable us to deploy an authenticated, linear TV service on behalf of our clients."
    • It adds Nimble will "allow Synacor to accelerate video product development and client commitments, as well as better leverage client TV rights," and provide patents that strengthen Synacor's Cloud ID TV Everywhere login solution.
    • Separately, Synacor has announced it has expanded its FiOS partnership with Verizon to include Synacor's white-label home page and video search/discovery products.
    | Jan. 14, 2015, 4:52 PM
  • Aug. 4, 2014, 5:43 PM
    • Himesh Bhise, formerly the head of Comcast's New Services & Platforms unit, has been named Synacor's (NASDAQ:SYNC) CEO. Bhise is also joining Synacor's board.
    • Bhise's predecessor, Rob Frankel, announced plans to step down in March once a successor was found. Frankel will remain on the board, and continue to "serve as a company advisor."
    • No word yet on how activists JEC Capital and Ratio Capital feel about the hiring. Synacor's Q2 report arrives on Aug. 12.
    | Aug. 4, 2014, 5:43 PM