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Synacor terminates merger deal with Qumu

The companies announced Monday that the all-stock merger proposal would not be going through.
Synacor

BUFFALO, N.Y. — Synacor Inc.'s board agreed in February to merge the company with Minneapolis-based Qumu Corp., with company leaders saying the businesses had complementary strengths.

The companies announced Monday that the all-stock merger proposal would not be going through.

"This decision will ensure each of Synacor and Qumu can dedicate the resources and focus to pursue opportunities in their respective industries and businesses," Synacor Chairman Kevin Rendino and Qumu Chairman Neil Cox said in a statement on behalf of both companies.  You can read the full story on Buffalo Business First's website.