BUFFALO, N.Y.–(BUSINESS WIRE)–Synacor Inc. (NASDAQ: SYNC) today announced that it has appointed Kevin
M. Rendino, CEO of 180 Degree Capital Corp., to its Board of Directors,
effective March 1, 2019.

Mr. Rendino is a financial services leader and shareholder advocate with
three decades of Wall Street experience in capital markets, value
investing and global equity markets. As Synacor advances its
industry-leading email & collaboration, identity, portal and advertising
platforms, it believes Mr. Rendino will add unique insights and
shareholder perspective to Synacor’s Board.

“We’re delighted to have Kevin join the Synacor Board of Directors,”
said Synacor CEO Himesh Bhise. “Kevin shares Synacor’s commitment to
profitability and high-value, recurring revenue. His passion and
perspectives will be important as we drive shareholder and customer
value.”

“180 Degree Capital holds a significant investment in Synacor,” said Mr.
Rendino. “We believe the market has overlooked Synacor’s transformation
to growing, recurring revenues. I’ve watched closely and been impressed
as the company has further established itself in Software and Cloud
offerings. It’s a privilege to join Synacor’s distinguished Board of
Directors, where I can work closely with Himesh, board members, and the
management team to accelerate and expand high-quality revenue and
profitability.”

“We’ve come to know Kevin as a Synacor investor and appreciate his
unique insights,” said Synacor Chairman Jordan Levy. “We welcome Kevin
to the Synacor Board and look forward to benefiting from his decades of
experience as a Wall Street leader and shareholder advocate.”

Kevin M. Rendino has served as Chairman, Chief Executive Officer and
Portfolio Manager of 180 Degree Capital Corp. since March 2017. He has
served as a member of 180’s Board since June 2016. From December
2012 to March 2017, Mr. Rendino served as Chairman/CEO of RGJ Capital,
where he led a value investing focus. For over twenty years, Mr. Rendino
worked on one fund at BlackRock/Merrill Lynch, Basic Value Fund, with a
consistent Graham and Dodd focus. He was the value team leader,
overseeing 11 funds and $13 billion in assets, a member of BlackRock’s
Leadership Committee and a frequent contributor to CNBC, Bloomberg TV,
Fox Business, The New York Times and The Wall Street Journal. He
received numerous Lipper awards for Investment Excellence during his
tenure.

Since November 2017, Mr. Rendino has served as a member of the Board of
Directors of TheStreet, Inc. Mr. Rendino graduated from the Carroll
School of Management at Boston College (B.S.).

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

Contacts

Meredith Roth
VP, Marketing & Corporate Communications
Synacor
[email protected]
+1
770-846-1911

Investors:
David Calusdian
Sharon Merrill Associates
+1
617-542-5300
[email protected]