Company to share details in webcast today at 9:30 a.m. ET
BUFFALO, N.Y.--(BUSINESS WIRE)--
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.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20181001005500/en/
Investors:
Sharon Merrill Associates
David Calusdian,
617-542-5300
ir@synacor.com
Source: Synacor, Inc.