Multiscreen services company Synacor has announced a deal to provide portal, TV Everywhere authentication and search and discovery platform services to Texas operator Grande Communications.
The deal follows Synacor's similar multi-year agreement with Mediacom, in which Buffalo, N.Y. -based Synacor agreed to provide TV Everywhere authentication technology and advertising solutions to the operator.
Grande provides Internet, TV and phone services to 140,000 customers.
The Grande deal is only the latest piece of good news for Synacor, which saw revenue increase to $24.7 million in the second quarter, up from $24.2 million in the more troubled year-ago period. Buffalo, N.Y., Synacor also saw losses narrow from $1.1 million compared to $1.9 million in the second quarter of 2014.
Synacor's stock price, however, still hasn't recovered from a volatile 2013-14 period that saw sales drop precipitously and a dissonant shareholder group launch a boardroom coup. Synacor was trading at around $1.44 a share recently after peaking at $16.14 a share in July 2012.
"Grande puts the utmost importance on serving their customers," said George Chamoun, president of sales and marketing for service providers for Synacor. "Together, our teams are delivering on the promise of superior digital services, choice and flexibility by ensuring Grande subscribers have easy login experiences and easy access to all their favorite content, no matter the device."
- read this Synacor press release
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