Shares of previously struggling multiscreen tech company Synacor rose nearly 7 percent Monday after the company reported a new deal to provide TV Everywhere products and services to Mediacom.
The multi-year agreement includes Synacor's portal, TV Everywhere authentication technology and advertising solutions.
Synacor will re-design Mediacom's video user-interface, as well as provide a search and discovery metadata platform, a TV Everywhere login process, and targeted content syndicated by Synacor.
"Synacor's advanced products help us deliver a great user experience, both inside and outside the home," said John Pascarelli, Mediacom's executive VP of operations.
With the acrimony of an attempted boardroom takeover behind it, and the company's stock price and overall financial outlook hitting their nadir in 2014, Synacor is finding some traction under CEO Himesh Bhise, who took over for Ron Frankel last August.
Buffalo-based Synacor ended the first quarter with a 5 percent revenue uptick to $30.9 million. And it has several new pay-TV vendor contracts, including one to supply technology to Dish Network's Sling TV service.
For more:
- read this Synacor press release
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Update: On June 17, FierceCable changed the description of the Synacor to "previously struggling" to reflect recent sales momentum achieved by the company.