Synacor Announces Appointments of Executives with Deep Experience in Key Areas of Growth
April 16 2015 - 9:45AM
Synacor Inc. (Nasdaq:SYNC), the
trusted technology development, multiplatform services and revenue
partner for video, internet and communications providers, and
device manufacturers, today announced the appointment of highly
experienced executives, who will focus on key areas of growth for
the company and who were attracted to Synacor's market potential.
Anand Subramanian has been named Senior Vice President, Strategic
Operations. David Ho has been named Vice President, Professional
Services. Singu Srinivas has been named General Manager, Strategic
Accounts.
Anand Subramanian is the former CEO of NimbleTV, who joined
Synacor through the acquisition earlier this year. At NimbleTV,
Subramanian helped to innovate around efficient video streaming and
CDN solutions. He was formerly CEO of ContextWeb, providing
real-time online ad performance data for businesses and brands, and
has an engineering degree from the Indian Institute of Technology.
Subramanian will be taking a broader role at Synacor, leading
strategic operations and finding areas for efficiency and
effectiveness leveraging his video delivery, advertising and data
analytics expertise.
David Ho served most recently as VP of Engineering for
Synchronoss Technologies, where he had oversight of the engineering
teams designing, building, delivering and supporting a portfolio of
Commerce and Care solutions to top telecom and MSO clients around
the world. Prior to that, Ho led professional service organizations
at Nuance Communications and Comverse Network Systems. He holds a
degree in Mechanical and Aerospace Engineering from Princeton
University. Ho will be leading the Professional Services team at
Synacor, responding to the growing customization and integration
needs of our customers with solution delivery and project
management discipline.
Singu Srinivas has been an advisor to Fortune 500 and high
growth technology companies as a management consultant, senior
executive and founder. His expertise spans managed services and
software-as-a-service businesses in the communications, electronics
and software industries. He joins Synacor from management
consulting firm, Waterstone Management Group, where he was a
partner. Prior to that, Srinivas was a general manager at
Radialpoint, and a management consultant with IBM Global Services,
Deloitte Consulting and Accenture. He has an MBA from the Wharton
School and an M.S. in Industrial Engineering from Stanford
University. Srinivas will lead Strategic Accounts at Synacor,
helping to deepen relationships and grow revenues with key
customers.
"I am delighted to welcome Singu and David to Synacor, and
announce Anand's expanded responsibilities. We continue to execute
against our strategic plan and are focused on key areas of growth.
Singu, David and Anand are highly capable and well known industry
executives in managed services, solutions delivery, video
streaming, and advertising analytics who see the market opportunity
for Synacor and will help drive profitable growth for the company,"
said Synacor CEO Himesh Bhise.
About Synacor
Synacor (Nasdaq:SYNC) is the trusted technology development,
multiplatform services and revenue partner for video, internet and
communications providers, and device manufacturers. We deliver
modern, multiscreen experiences and advertising to their consumers
that require scale, actionable data and sophisticated
implementation. www.synacor.com
The Synacor logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=11609
Forward-Looking Statements
This release includes certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements are based on the current expectations or
beliefs of management of Synacor, and are subject to uncertainty
and changes in circumstances. Actual results may vary materially
from those expressed or implied by the statements herein due to
changes in economic, business, competitive, technological and/or
regulatory factors, and other factors affecting the operation of
the respective businesses of Synacor. More detailed information
about these factors may be found under the captions "Risk Factors"
and "Management's Discussion and Analysis of Financial Condition
and Results of Operations," in Synacor's annual report on Form 10-K
for the year ended December 31, 2014, which is available on the
company's website at investor.synacor.com and on the SEC's website
at www.sec.gov. Synacor is under no obligation to, and expressly
disclaims any such obligation to, update or alter their respective
forward-looking statements, whether as a result of new information,
future events, or otherwise.
Important Additional Information
Synacor, Inc. (the "Company") has provided to its stockholders a
definitive proxy statement, filed with the Securities and Exchange
Commission ("SEC") on March 27, 2015, and an accompanying proxy
card in connection with the Company's 2015 annual meeting of
stockholders (the "2015 Annual Meeting"). The Company, its
directors and certain of its executive officers may be deemed to be
participants in the solicitation of proxies from stockholders in
connection with the 2015 Annual Meeting. Information concerning the
interests of these directors and executive officers in connection
with the matters to be voted on at the 2015 Annual Meeting is
included in the definitive proxy statement filed by the Company
with the SEC in connection with such meeting. In addition,
information concerning the Company's directors and executive
officers is available in the Company's Annual Report on Form 10-K
for the fiscal year ended December 31, 2014, filed with the SEC on
March 12, 2015. To the extent holdings of the Company's securities
have changed since the amounts contained in the definitive proxy
statement filed with the SEC in connection with the 2015 Annual
Meeting, such changes have been reflected on Initial Statements of
Beneficial Ownership of Securities on Form 3 and Statements of
Changes in Beneficial Ownership of Securities on Form 4 filed with
the SEC. Such documents are, or will be, available free of charge
at the SEC website at http://www.sec.gov. STOCKHOLDERS ARE URGED TO
READ CAREFULLY THE DEFINITIVE PROXY STATEMENT FILED BY THE COMPANY
AND ANY OTHER RELEVANT DOCUMENTS FILED WHEN THEY BECOME AVAILABLE
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION, INCLUDING
INFORMATION WITH RESPECT TO THE PARTICIPANTS.
CONTACT: Investor Contact:
Denise Garcia, Managing Director
ICR
ir@synacor.com
716-362-3309
Press Contact:
Meredith Roth, VP, Corporate Communications
Synacor
mroth@synacor.com
716-362-3880
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