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Last $2.35 USD
Change Today -0.12 / -4.86%
Volume 73.5K
SYNC On Other Exchanges
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

synacor inc (SYNC) Snapshot

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52 Week High
03/18/15 - $2.83
52 Week Low
12/15/14 - $1.52
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synacor inc (SYNC) Details

Synacor, Inc. provides startpages and homescreens, video solutions, identity management services, and various cloud-based services for a range of devices to cable, satellite, telecom, and consumer electronics companies in the United States and Internationally. 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 creates, designs, and develops multi-device startpages, such as personalized contents to engage the consumers of Internet and communications providers, and device manufacturers in its media and programming library; offers digital advertising services through video, image, and text advertisements; and provides streaming video services to find TV shows, movies, and short-form videos from various genres at one place. The company also offers cloud ID products, which are identity management platforms for access controlling, ID usage auditing, and fraud prevention; hosting and management services for Web-based email products; and migration services to migrate from other email hosts to its email products. In addition, it provides free-to-subscriber contents and services; and paid content and premium services. The company was formerly known as CKMP, Inc. and changed its name to Synacor, Inc. in July 2001. Synacor, Inc. was founded in 1998 and is headquartered in Buffalo, New York.

258 Employees
Last Reported Date: 03/12/15
Founded in 1998

synacor inc (SYNC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $205.1K
Founder and President of Sales & Marketing
Total Annual Compensation: $302.2K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $310.0K
Company Advisor
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2014.

synacor inc (SYNC) Key Developments

Synacor Inc. Announces Executive Changes

Synacor Inc. announced the appointment of executives, who will focus on key areas of growth for the company and who were attracted to company’s market potential. Anand Subramanian has been named Senior Vice President, Strategic Operations. David Ho has been named Vice President, Professional Services. Singu Srinivas has been named General Manager, Strategic Accounts. Anand Subramanian is the former CEO of NimbleTV, who joined Synacor through the acquisition earlier this year. At NimbleTV, Subramanian helped to innovate around efficient video streaming and CDN solutions. He was formerly CEO of ContextWeb. Subramanian will be taking a broader role at Synacor, leading strategic operations and finding areas for efficiency and effectiveness leveraging his video delivery, advertising and data analytics expertise. David Ho served most recently as VP of Engineering for Synchronoss Technologies, where he had oversight of the engineering teams designing, building, delivering and supporting a portfolio of Commerce and Care solutions to top telecom and MSO clients around the world. Prior to that, Ho led professional service organizations at Nuance Communications and Comverse Network Systems.Ho will be leading the Professional Services team at Synacor, responding to the growing customization and integration needs of customers with solution delivery and project management discipline. Singu Srinivas has been an advisor to Fortune 500 and high growth technology companies as a management consultant, senior executive and founder. His expertise spans managed services and software-as-a-service businesses in the communications, electronics and software industries. He joins Synacor from management consulting firm, Waterstone Management Group, where he was a partner. Prior to that, Srinivas was a general manager at Radialpoint, and a management consultant with IBM Global Services, Deloitte Consulting and Accenture. Srinivas will lead Strategic Accounts at Synacor, helping to deepen relationships and grow revenues with key customers.

Synacor, Inc. Revises Earnings Guidance for the First Quarter and Full Year of Fiscal 2015

Synacor, Inc. revised earnings guidance for the first quarter and full year of fiscal 2015. Revenue for the first quarter of 2015 is projected to be in the range of $26.0 million to $26.5 million. Previously, the Company provided guidance for first quarter 2015 revenue in the range of $24.0 million to $26.0 million. For the first quarter of 2015, the Company expects to report adjusted EBITDA of $0.5 to $1 million. Previously, the Company provided guidance for the first quarter 2015 Adjusted EBITDA of $0.0 million to $1 million. During the first quarter of 2015, the company generated over $1.0 million in cash. Revenue for the full year of 2015 is projected to be in the range of $97.0 million to $102.0 million. Previously, the Company provided guidance for Fiscal Year 2015 revenue in the range of $95.0 million to $100.0 million. For the full year of 2015, the Company expects to report adjusted EBITDA of $2.0 million to $4.0 million. Previously, the Company provided guidance for Fiscal Year 2015 adjusted EBITDA of $1.5 million to $3.5 million.

Synacor Inc. Launches Cloud ID Software Development Kit

Synacor Inc. announced the launch of its Cloud ID Software Development Kit (SDK), which Synacor is rolling-out with its customers to simplify mobile app development and to improve the mobile consumer login experience. With Synacor's Cloud ID SDK, authentication for any mobile app can be deployed in days, providing a speed-to-market advantage, as well as a rich feature-set for MVPDs, programmers and OTT providers. Synacor's Cloud ID SDK also opens up new market opportunities for Synacor, as all mobile apps can benefit from this innovation. In one easy-to-deploy package, Synacor's Cloud ID SDK provides the following key features: support for iOS and android native apps, auto authentication for consumer in-home access to media with no credentials required, social login via Facebook, Twitter, Google+ sign-in, and fraud management /attack prevention. MVPDs, programmers and OTT providers benefit from faster time-to-market, reduced development costs, access to a rich user profile to personalize the experience, and fraud management. Further, Cloud ID SDK enhances subscriber satisfaction by providing frictionless access to the media consumers want.


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