Synacor (NASDAQ:SYNC) has entered into a definitive agreement to acquire certain assets from Zimbra, a provider of open source e-mail, calendaring, and collaboration software. The acquisition, valued at approximately $24.5 million, is expected to close within 45 days.
The Zimbra acquisition is expected to make Synacor the largest provider of ISP e-mail solutions in the United States, and also to help it expand in international and enterprise markets. Combined, the company will serve 120+ ISP and CSP customers around the world.
Zimbra brings hundreds of millions of free and paying users in 135+ countries, adds new customers to Synacor's roster including 2500+ small business customers and 900+ government customers, and adds a network of 1000+ value added resellers and 500+ hosting partners. Synacor plans to continue the open source version of Zimbra and plans on providing technical support for Zimbra's Open Source Edition (OSE) through its VAR partners around the world.
