Synacor, Inc.

Synacor, Inc. is a US-based company specializing in cloud-based software and services, providing innovative digital solutions for video, internet, and communication providers, as well as governmental and enterprise clients. Founded in 1998 and headquartered in Buffalo, NY, Synacor, Inc. offers digital content management and identity solutions.

The company has undergone strategic pivots to enhance its service offerings, focusing on partnerships with internet service providers and telecommunications. Synacor has raised a total of USD 91. 30 mn, with its latest funding round being a Public to Private Secondary Buyout led by Centre Lane Partners. Synacor Inc.

specializes in cloud-based software and services tailored for a diverse clientele, including global video, internet and communications providers, device manufacturers, government entities, and enterprises. The company's flagship product, Cloud ID™, facilitates a seamless login experience, enabling subscribers to access their content and services while managing their unified identity securely. This innovative solution supports millions of daily logins for various platforms, including television and over-the-top media services, ultimately enhancing user engagement and satisfaction. In addition, Synacor offers Zimbra Email Messaging Software, which provides businesses of all sizes, from micro to enterprise, with robust email and productivity tools for both in-office and remote teams.

These offerings are designed to meet the needs of clients across multiple geographical markets, including North America, Europe, and Asia, ensuring a wide-reaching impact in the digital communications landscape. In 2020, Synacor reported a revenue of USD 81. 36 mn, with an EBITDA of USD -0. 36 mn.

The company generates revenue primarily through subscription-based services and partnerships with internet service providers and telecommunications companies, leveraging its technology to enhance client offerings and incorporate Cloud ID™ and Zimbra solutions into their platforms. Moving forward, Synacor aims to expand its product offerings, including new enhancements to Cloud ID™ and Zimbra products, though specific release dates are not disclosed. The company plans to penetrate additional markets in Europe and Asia by 2025. The recent fundraising will be utilized to support these product developments and market expansions, bolstered by the exit of Intel Capital from its stake in Synacor, although financial terms were not disclosed.