Synacor merges with enterprise video provider Qumu

Synacor, a cloud software provider, is merging with Qumu, which specializes in enterprise video applications, in an all-stock deal. The merger will combine Qumu’s Enterprise Video platform with Synacor’s Cloud ID Identity and Access Management platform, and the Zimbra Email and Collaboration platform. The companies also said the deal will improve Qumu’s go-to-market strategy through Synacor’s more than 1,900 channel partners and through cross selling opportunities. “This is a strategic and highly synergistic combination that creates operating software scale and accelerates growth,” said Himesh Bhise, CEO of Synacor, in a statement. “Together with Qumu, we will be a software-focused business with about $50 million of high-margin recurring revenue, positioned in the attractive Collaboration product segments of Email, Identity, and Video, with an enviable customer base that spans Enterprise, small and medium business, Government, Service Providers, Content Providers, and Publishers.