Synacor Acquires Teknision, Leveraging Its Android Development Platform for Expansion Into Mobile and Android Devices
November 05 2013 - 4:13PM
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
devices."
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 tellmemore@synacor.com.
About Synacor
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.
About Teknision
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 devices.
Forward-Looking Statements
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:
Meredith Roth
VP, Corporate Communications
646-380-5141
press@synacor.com
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