Synacor Highlights Cloud-based Software Business in New Corporate Presentation
October 01 2018 - 8:30AM
Business Wire
Company to share details in webcast today at
9:30 a.m. ET
Synacor, Inc. (Nasdaq:SYNC), the trusted technology development,
multiplatform services and revenue partner for video, internet and
communications providers, device manufacturers, governments, and
enterprises, today released a new Corporate Presentation to
highlight its cloud-based software business and its strategy to
drive growth and profitability. The presentation includes Synacor’s
latest initiatives with respect to its recurring-revenue software
business, Blockchain-based enhancements for the Company’s Zimbra
collaboration platform, and its cost-reduction initiatives.
“We are excited about our collaboration and identity management
platforms, and look forward to discussing our
cloud-based software business in our presentation this
morning,” said Synacor CEO Himesh Bhise. “We also are moving
forward with our cost-management initiative, which is spearheaded
by our new CFO, Tim Heasley, and which has targeted $8 million in
expected annualized savings.”
The Company’s senior management team will review the
presentation at the 2018 MicroCap Conference today, October 1, at
9:30 a.m. ET. The conference will be held at the Essex House in New
York, NY.
A live audio webcast of the presentation will be available on
the Company's investor relations website.
This morning the Company filed a Current Report on Form 8-K with
the U.S. Securities and Exchange Commission to disclose certain
information that was included in the new Corporate
Presentation.
About Synacor
Synacor (Nasdaq:SYNC) is the trusted technology development,
multiplatform services and revenue partner for video, internet and
communications providers, device manufacturers, governments and
enterprises. Synacor’s mission is to enable its customers to better
engage with their consumers. Its customers use Synacor’s technology
platforms and services to scale their businesses and extend their
subscriber relationships. Synacor delivers managed portals,
advertising solutions, email and collaboration platforms, and
cloud-based identity management. www.synacor.com
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995
"Safe Harbor" statement under the Private Securities Litigation
Reform Act of 1995: This press release contains forward-looking
statements concerning Synacor's expected financial performance
including, without limitation, the statements and quotations from
management and Synacor's strategic and operational plans. The
achievement or success of the matters covered by such
forward-looking statements involves risks, uncertainties and
assumptions. If any such risks or uncertainties materialize or if
any of the assumptions prove incorrect, the Company's results could
differ materially from the results expressed or implied by the
forward-looking statements the Company makes.
The risks and uncertainties referred to above include - but are
not limited to - risks associated with: execution of our plans and
strategies, including execution against our agreement with AT&T
the pace and degree to which the AT&T portal can be monetized;
the loss of a significant customer, including by non-renewal of its
contract; our ability to obtain new customers; our ability to
integrate the assets and personnel from acquisitions; expectations
regarding consumer taste and user adoption of applications and
solutions; developments in internet browser software and search
advertising technologies; general economic conditions; expectations
regarding the Company's ability to timely expand the breadth of
services and products or introduction of new services and products;
consolidation within the cable and telecommunications industries;
changes in the competitive dynamics in the market for online search
and digital advertising; the risk that security measures could be
breached and unauthorized access to subscriber data could be
obtained; potential third party intellectual property infringement
claims or other legal claims against Synacor; and the price
volatility of our common stock.
Further information on these and other factors that could affect
the Company’s financial results is included in filings it makes
with the Securities and Exchange Commission from time to time,
including the section entitled "Risk Factors" in the Company's most
recent Form 10-Q filed with the SEC. These documents are available
on the SEC Filings section of the Investor Information section of
the Company's website at http://investor.synacor.com/. All
information provided in this release is available as of October 1,
2018, and Synacor undertakes no duty to update this
information.
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version on businesswire.com: https://www.businesswire.com/news/home/20181001005500/en/
Investors:Sharon Merrill AssociatesDavid Calusdian,
617-542-5300ir@synacor.com
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