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Synacor Files for IPO

Synacor Inc., a Buffalo, N.Y.-based provider of online content and technology solutions for broadband and Internet service providers, has filed for an $86.25 million IPO. It plans to trade on the Nasdaq under ticker symbol SYNC, with Deutsche Bank and Bear Stearns serving as co-led underwriters. Synacor has raised around $54 million in VC funding since 1999, including a $17 million Series C round last year at a post-money valuation of around $100 million. Shareholders include North Atlantic Capital, Mitsui & Co. and return backers Crystal Ventures, Advantage Capital Partners, Walden International, Intel Capital and Rand Capital.