January 29, 2015 8:12 AM ET

Internet Software and Services

Company Overview of Synacor, Inc.

Company Overview

Synacor, Inc. provides startpages and homescreens, TV Everywhere solutions, Identity Management services, and various cloud-based services across a range of devices for cable, satellite, telecom, and consumer electronics companies in the United States, and the United Kingdom. The company’s technology allows customers to package a range of personalized, online content, and cloud-based services with their high-speed Internet, communications, television and other offerings. It also offers authentication and aggregation solutions that enable the delivery of personalized online content; and provides search and display advertising services. Further, the company offers subscriber-based services, in...

40 La Riviere Drive

Suite 300

Buffalo, NY 14202

United States

Founded in 1998

373 Employees

Phone:

716-853-1362

Fax:

716-332-0081

Key Executives for Synacor, Inc.

Founder and President of Sales & Marketing
Age: 40
Total Annual Compensation: $300.0K
Chief Financial Officer
Age: 62
Total Annual Compensation: $310.0K
Company Advisor
Age: 58
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

Synacor, Inc. Key Developments

Verizon and Synacor Launch New Startpage and Video Search and Discovery Products for Verizon's FiOS TV Subscribers

Verizon and Synacor launched new startpage and video search and discovery products for Verizon's FiOS TV subscribers. Verizon FiOS is a bundled Internet access, telephone, and television service. Through Synacor's technology, FiOS customers can use their smartphone or tablet to search and discover live or video on-demand TV.

Synacor, Inc. Presents at 17th Annual Needham Growth Conference, Jan-14-2015 02:10 PM

Synacor, Inc. Presents at 17th Annual Needham Growth Conference, Jan-14-2015 02:10 PM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, New York, United States. Speakers: Himesh Bhise, Chief Executive Officer and Director, William J. Stuart, Chief Financial Officer, Principal Accounting Officer and Corporate Secretary.

Synacor, Inc. Enters into First Amendment to the Loan and Security Agreement with Silicon Valley Bank

On October 28, 2014, Synacor, Inc. entered into the First Amendment to the Loan and Security Agreement with Silicon Valley Bank, which amends the financial covenants and certain definitions that are used in the financial covenants of the Loan and Security Agreement dated as of September 27, 2013 by and between Synacor and SVB. The changes to financial covenants and certain definitions are effective September 30, 2014. The Loan Agreement provides for a $10 million secured revolving line of credit with a stated maturity date of September 27, 2015. The secured revolving credit facility is available for cash borrowings and is subject to a borrowing formula based upon eligible accounts receivable. Borrowings under the Loan Agreement bear interest, at Synacor's election, at an annual rate of either 0.50% above the prime rate" as published in The Wall Street Journal or LIBOR for the relevant period plus 3.00%. Synacor's obligations to SVB are secured by a first priority security interest in all Synacor's assets, including its intellectual property.

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