Synacor throws in the towel on IPO
Digital content provider Synacor Inc. announced yesterday that it withdrew its initial public offering due to unfavorable market conditions. The plan to go public had been in the hopper since August of last year, when the company said it intended to sell 11.6 million shares for an estimated $86 million, and trade on the Nasdaq.
The Buffalo, N.Y. company, which supplies broadband providers with the tools they need to create Internet portals, video players and other… Continue Reading
Waste Remedies raises $7.5M for waste management consulting
Waste Remedies, a St. Louis, MO-based firm that helps businesses reduce their waste management costs and inefficiencies, has secured $7.25 million in second round funding from Advantage Capital Partners, working in partnership with Southwest Bank.
The proceeds will be used to expand the company’s 12-person team and to upgrade its financial software, CEO Tim Gray said. Waste Remedies works with manufacturers, restaurants, property managers and retailers to provide waste removal and recycling services.
It helps reduce its… Continue Reading