SYNCHRONOSS ADDS MARTIN BERNSTEIN TO BOARD OF DIRECTORS

KUALA LUMPUR, July 13 (Bernama) -- Synchronoss Technologies Inc, a global leader and innovator of cloud, messaging and digital solutions, announced that Martin Bernstein has joined its Board of Directors, effective immediately.

According to a statement, Bernstein was appointed to the Board in connection with the recent recapitalisation of Synchronoss, and serves as a representative of B. Riley Financial Inc (B. Riley), the company’s largest shareholder.

“Marty’s extensive experience in capital allocation strategies, corporate governance and financing will serve our organisation well,” said Founder and Executive Chairman of the Synchronoss Board of Directors, Stephen Waldis.

“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.

Prior to joining B. Riley in March this year, 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.

More details at www.synchronoss.com.

-- BERNAMA