Synacor, Inc. (NASDAQ:SYNC) Files An 8-K Entry into a Material Definitive Agreement

Under the Google Services Agreement (as amended, the “Agreement”), effective as of March 1, 2011 between Synacor, Inc. (“the Company”) and Google Inc. (“Google”), Google was provided the option to extend the term of the Agreement for an additional twelve month period following the end of the current agreement term. On December 16, 2016 the Company received a letter from Google (the “Letter”) providing notice to the Company that Google has exercised its option and has extended the term of the Agreement through February 28, 2018. This is the second extension of the term of the Agreement.

The foregoing description of the Letter is only a summary, does not purport to be complete and is qualified in its entirety by reference to the full text of the Letter, which will be filed as an exhibit to the Company’s Annual Report on Form 10K for the year ended December 31, 2016.   

About Synacor, Inc. (NASDAQ:SYNC)
Synacor, Inc. is a technology development, multiplatform services and revenue partner for video, Internet and communications providers, device manufacturers and enterprises. The Company enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, actionable data and implementation. Through its Managed Portals and Advertising solutions, the Company enables its customers to earn revenue by monetizing media among their consumers. Its Managed Portals are delivered across devices and under its customers’ own brand names. The Company delivers content, such as top news, entertainment, and long- and short-form video and applications, on its Managed Portals. In addition, consumers have the ability through portals to manage their e-mail and messaging, pay bills, receive special promotions and perform other account management needs. Synacor, Inc. (NASDAQ:SYNC) Recent Trading Information
Synacor, Inc. (NASDAQ:SYNC) closed its last trading session up +0.05 at 3.10 with 144,779 shares trading hands.