Synacor Acquires Teknision, Leveraging Its Android Development Platform for
Expansion Into Mobile and Android Devices
Teknision Recently Launched a Proprietary Homescreen Experience With Turkey's
Largest Wireless Carrier for Its New Android Mobile Devices
BUFFALO, N.Y. and ONTARIO, Canada, Nov. 5, 2013 (GLOBE NEWSWIRE) -- Synacor
Inc. (Nasdaq:SYNC), the leading provider of next-gen startpages, award-winning
TV Everywhere solutions and cloud-based Identity Management (IDM) services,
across multiple devices for cable, satellite, telecom and consumer electronics
companies in the U.S. and abroad, today announced it has acquired Android
development platform company, Teknision. Synacor and Teknision together will
enable customers to deliver transformative consumer experiences across Android
devices, a step toward Synacor's vision of consumers accessing all media from
one place, on any device.
Bringing Teknision's capabilities into Synacor extends Synacor's presence in
mobile and provides a platform for developing custom Android launchers and
intelligent homescreens for mobile and consumer electronics companies. Synacor
can now offer device manufacturers a customizable platform as a service (PaaS)
that facilitates personalized and curated online experiences for end-users.
Android has emerged as the preferred platform for major mobile and consumer
electronics players, with a reported 1 billion Android activations to date,
primarily due to its highly customizable and open framework. Synacor is
capitalizing on Android's popularity and the potential it provides for
end-users who want dynamic, custom consumer touchpoints like launchers,
widgets and lockscreens to access their favorite TV shows, movies, apps,
services and tools.
"The Teknision acquisition is exciting on many fronts. Consumers soon will
need one-stop access to all media—a homescreen. To that end, we are advancing
the presence of our cable, satellite, wireless carrier and consumer
electronics customers on a wide range of devices, and all providing their
consumers a single point of access. With Teknision's platform, Synacor is able
to build upon our HTML5 expertise and pursue the exploding mobile device
market opportunity," said Ron Frankel, Synacor CEO. "I believe Android will
become the platform of choice for many CE manufacturers on devices relevant to
MVPDs, including smartphones, tablets and televisions. By creating
cutting-edge experiences for connected screens—from today's tablet to
tomorrow's Android TV—Teknision's development platform is important to
Synacor's strategy. This acquisition strengthens our ability to guide
consumers to their media automatically, on their devices of choice."
"Uniting with Synacor makes perfect sense for Teknision. We've never before
had so much reach and so many resources to advance our platform and apps as
far as they can go," said Gabor Vida, President of Teknision. "We're known for
beautiful and award-winning products and are positioned to vault to the next
level. Synacor's expertise, capital and extensive engineering teams, as well
as its expansive customer base, elevates Teknision to new heights in
innovation and rapid advancements in homescreens, launchers, apps and widgets
on Android devices. We know how people feel about their devices—they take them
everywhere—so Teknision will continue to do all that we can to create
exciting, gorgeous, transformative consumer experiences on a variety of mobile
Some of the most innovative companies around the world use Teknision's
white-label homescreens, launchers and custom apps. Most recently Turkey's
largest wireless carrier with more than 35 million consumers, wanted extensive
enhancements to the consumer experience for its flagship smartphone. With
Teknision's technology, the phone features a customized homescreen,
lockscreen, launcher and a variety of default apps including email and camera.
For more information on Synacor and Teknision, please visit synacor.com or
teknision.com or email firstname.lastname@example.org.
Synacor's white-label platform enables cable, satellite, telecom and consumer
electronics companies to deliver TV Everywhere, digital entertainment,
cloud-based services and apps to their end-consumers across multiple devices,
strengthening those relationships while monetizing the engagement. Synacor
(Nasdaq:SYNC), is headquartered in Buffalo, NY, with tech hubs in Toronto and
Boston. For more information, visit synacor.com.
Integrate. Authenticate. Engage.
Teknision, creator of a proprietary Android Development Platform, is an
award-winning mobile product development company focused on merging design and
technology to create transformative user experiences on a variety of connected
This release includes certain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements are
based on the current expectations or beliefs of management of Synacor, and are
subject to uncertainty and changes in circumstances. Actual results may vary
materially from those expressed or implied by the statements herein due to
changes in economic, business, competitive, technological and/or regulatory
factors, and other factors affecting the operation of the respective
businesses of Synacor. More detailed information about these factors may be
found in filings by Synacor, as applicable, with the Securities and Exchange
Commission, including their respective Quarterly Report on Form 10-Q. Synacor
is under no obligation to, and expressly disclaims any such obligation to,
update or alter their respective forward-looking statements, whether as a
result of new information, future events, or otherwise.
CONTACT: Synacor Contact:
VP, Corporate Communications
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