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Saturday, October 18, 2008

Signs of a Downturn - no IPO for Synacor

Synacor, based in Buffalo NY, was thinking about raising $80 - $90 Million by going public, but those plans seem to have been shelved for a while.

Synacor is hovering around profitability, and has received a total of $29 Million in funding from VCs including Intel Capital, so hopefully they can stay stay afloat long enough to make another attempt at an exit.

Synacor homepage

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