SYNC - Synacor: Emerging From The ATT.Net Portal Shadow

Business Overview

Synacor (SYNC) operates through two distinct segments as shown in the slide below.

Source: Synacor Q2 2019 earnings presentation

The Software and Services business comprises an email and collaboration platform branded Zimbra and an identity management platform called Cloud ID. Zimbra offers white-label email hosting, security and collaboration services to over 4,000 enterprises, governments and non-profit customers powering approximately 530 million mailboxes. Cloud ID offers an improved login experience for consumers using single sign-on technology that unlocks access to online entertainment like TV shows, movies and sports across multiple devices. Revenue