Martin Bernstein Joins Synchronoss Board of Directors
July 12 2021 - 4:05PM
Synchronoss Technologies, Inc. (NASDAQ: SNCR), a global leader and
innovator of cloud, messaging and digital solutions, is pleased to
announce that Martin Bernstein has joined its Board of Directors,
effective immediately.
Bernstein was appointed to the Board in connection with the
recent recapitalization of Synchronoss, and serves as a
representative of B. Riley Financial, Inc. (NASDAQ: RILY) (B.
Riley), the company’s largest shareholder.
“On behalf of our entire Board, I am pleased to welcome Marty to
our team,” said Stephen Waldis, Founder and Executive Chairman of
the Synchronoss Board of Directors. “Marty’s extensive experience
in capital allocation strategies, corporate governance and
financing will serve our organization well. I have no doubt that
his impressive knowledge and extraordinary track record will not
only benefit our already strong board, but I fully expect his
impact will be key to helping Synchronoss achieve its strategic
growth objectives.”
Bernstein represents B. Riley Principal Investments, an
affiliate of B. Riley that makes direct investments in companies
with proven platform technologies with significant near-term growth
potential. He currently serves as Head of Private Investments at B.
Riley and is responsible for sourcing, underwriting and managing
company investments in addition to leading distribution to the
firm's syndication partners. Bernstein has extensive experience
leading investments across technology, transportation, automotive,
aerospace, manufacturing, power, infrastructure, and other
sectors.
Bernstein commented, “It is an honor to join the Synchronoss
board after working closely with Steve, Jeff, and the entire
Synchronoss team on the recent recapitalization. I share
management’s excitement and vision for the company, rooted in
continued innovation and a best-in-class suite of white label
products for leading telecom customers. We believe the Synchronoss
business is at an inflection point and is well-positioned to
execute on its growth strategy following the refinancing. I look
forward to continuing to work with the team as a member of the
board as we endeavor to create value for stakeholders and
customers.”
Prior to joining B. Riley in March 2021, Bernstein was with
Anchorage Capital responsible for leading investments across
capital structures, including public equities, private equity,
performing credit, bank debt and distressed debt, and restructuring
situations. He previously worked as an analyst at Bocage Capital,
and was on the investment team for the endowment at Howard Hughes
Medical Institute. Bernstein earned an AB in history from Dartmouth
College. He is based in Connecticut.
About Synchronoss
Synchronoss Technologies (NASDAQ: SNCR) builds software that
empowers companies around the world to connect with their
subscribers in trusted and meaningful ways. The company’s
collection of products helps streamline networks, simplify
onboarding and engage subscribers to unleash new revenue streams,
reduce costs and increase speed to market. Hundreds of millions of
subscribers trust Synchronoss products to stay in sync with the
people, services and content they love. That’s why more than 1,500
talented Synchronoss employees worldwide strive each day to
reimagine a world in sync. Learn more at www.synchronoss.com
Contacts
MediaAnais Merlin, CCgroup (International)Diane
Rose, CCgroup (North America)synchronoss@ccgrouppr.com
InvestorsTodd Kehrli/Joo-Hun Kim, MKR Investor
Relations, Inc.investor@synchronoss.com
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