180 Degree Capital

Synchronoss Technologies Board Appoints 180 Degree Capital’s Kevin Rendino as New Director

Retrieved on: 
Monday, December 4, 2023
Cloud, AT&T, TheStreet, Partner, Sale, Tier 1, Investment, Knowledge, 180 Degree Capital, Senior, Management

BRIDGEWATER, N.J., Dec. 04, 2023 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a leading global provider of personal cloud software and services, today announced the appointment of Kevin Rendino as a new director, effective December 4, 2023.

Key Points: 
  • BRIDGEWATER, N.J., Dec. 04, 2023 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a leading global provider of personal cloud software and services, today announced the appointment of Kevin Rendino as a new director, effective December 4, 2023.
  • Mr. Rendino, Chairman and Chief Executive Officer of 180 Degree Capital Corp., is a respected leader with a distinguished career in financial services, bringing extensive expertise in capital markets, value investing, and corporate governance.
  • Kevin Rendino assumed the role of Chairman and CEO at 180 Degree Capital in the first half of 2017, following his appointment to its board in 2016.
  • Prior to his time at 180 Degree Capital, Mr. Rendino managed the Basic Value Fund at BlackRock/Merrill Lynch.

180 Degree Capital Corp. Reports Q4 2022 Results and Takes Necessary Steps to Achieve Full Business Transformation

Retrieved on: 
Monday, February 27, 2023
Greenbriar Capital Corp, 180 Degree Capital, Acquisition, Letter, Sale, TARA, NAV, Cryptocurrency, Bank

MONTCLAIR, N.J., Feb. 27, 2023 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (“180” and the “Company”), today reported its financial results as of December 31, 2022, and additional developments from the first quarter of 2023.

Key Points: 
  • MONTCLAIR, N.J., Feb. 27, 2023 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (“180” and the “Company”), today reported its financial results as of December 31, 2022, and additional developments from the first quarter of 2023.
  • “After five years of exceptional performance, 2022 was anything but exceptional,” said Kevin M. Rendino, Chief Executive Officer of 180.
  • “While 2022 was a historically bad market, our performance was disappointing, and we own that.
  • Please see our shareholder letter for our specific analysis of developments at each of our holdings during the quarter.

Digitalis Ventures Appoints Misti Ushio as a Managing Partner

Retrieved on: 
Wednesday, January 4, 2023
General Health, Professional Services, Health, Finance, Partner (business rank), Doctor of Philosophy, Merck & Co., Merck, Biochemical engineering, Multimedia, Science, Acquisition, Patient, Columbia University, 180 Degree Capital, Digitalis, Johns Hopkins University, Vaccine, Chemical engineering, University College London, Management

Digitalis Ventures announced today that Misti Ushio, Ph.D. has joined the group as a Managing Partner.

Key Points: 
  • Digitalis Ventures announced today that Misti Ushio, Ph.D. has joined the group as a Managing Partner.
  • Dr. Ushio brings more than 25 years of leadership in venture capital, pharmaceuticals, and early-stage life science company building.
  • View the full release here: https://www.businesswire.com/news/home/20230104005342/en/
    Digitalis Ventures Founder and Managing Partner, Geoff Smith, stated, “We are delighted to welcome Misti to Digitalis Ventures as we continue to grow our global team with start-up, scale-up, and governance expertise in company building.
  • Misti brings a wealth of leadership and scientific experience to the group and, as a managing partner, she will lead in both firm strategy and investment portfolio management at Digitalis Ventures.”
    In October 2022, Digitalis Ventures closed its fourth fund totaling $300 million in commitments.

Akamai and Macrometa Partner to Create Edge Cloud Super Platform for Enterprise Developers

Retrieved on: 
Wednesday, November 9, 2022
180 Degree Capital, Organization, NASDAQ, API, Workflow, News, AWS, World Wide Web, Work, SAN, AKAM, Complex, GDN, Pops, Software as a service, DNX, Human, Developer, Edgeworks Entertainment, Running, BGV, CDN, Partnership, Esports, Shasta Ventures, IOT, EVP, Magic, Technology, CEO, Mobile phone, Online shopping, Cloud, Akamai Technologies, Linode

SAN MATEO, Calif., Nov. 9, 2022 /PRNewswire/ -- Macrometa Corporation, the first-of-its-kind Global Data Network (GDN) and edge computing cloud, today announced a new strategic equity investment, go-to-market partnership, and powerful product integrations with Akamai Technologies Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online. In conjunction with Akamai's equity investment in Macrometa, Andy Champagne, CTO of Akamai Labs, will join the Macrometa board as a non-voting board observer. This investment spearheads a deep technology and multi-year product collaboration to provide the world's most ubiquitous edge cloud platform built for enterprise.

Key Points: 
  • In conjunction with Akamai's equity investment in Macrometa, Andy Champagne, CTO of Akamai Labs, will join the Macrometa board as a non-voting board observer.
  • This investment spearheads a deep technology and multi-year product collaboration to provide the world's most ubiquitous edge cloud platform built for enterprise.
  • Akamai cloud computing based on Linode and EdgeWorkers edge computing technology combined with Macrometa's Global Data Network (GDN) will help enterprise developers build, deploy, and run global apps and APIs seamlessly across edge and cloud.
  • Developers will have access to the Akamai Intelligent Edge platform operating across 4,200 points of presence around the world, and Akamai cloud computing based on Linode regions, as well as AWS, GCP Azure, and telecom 5G networks.

Concord Health Partners Adds Healthcare Private Equity Veteran Robert Schulz as Managing Director

Retrieved on: 
Thursday, September 22, 2022
Adoption, Chemical engineering, Defense Finance and Accounting Service, Schulz, Columbia Business School, Growth, 180 Degree Capital, MS, Investment, Executive Office of the President of the United States, Credit Suisse, BS, First Boston, Accounting, Solution, LP record, Technology, Company, Massachusetts Institute of Technology, Bank, Concord

SUMMIT, N.J., Sept. 22, 2022 /PRNewswire/ -- Concord Health Partners ("Concord" or the "Firm"), a healthcare focused investment firm, today announced that Robert B. Schulz has joined as Managing Director.

Key Points: 
  • SUMMIT, N.J., Sept. 22, 2022 /PRNewswire/ -- Concord Health Partners ("Concord" or the "Firm"), a healthcare focused investment firm, today announced that Robert B. Schulz has joined as Managing Director.
  • Schulz joins Concord after 25 years in healthcare private equity including co-founding healthcare investment firms CB Health Ventures and Health Enterprise Partners.
  • Schulz joins Concord with over 25 years of healthcare private equity experience, in addition to 13 years in investment banking and general venture capital.
  • Concord Health Partners ("Concord") is a healthcare focused investment firm with a strategic model that optimizes the alignment of interests between investors and portfolio companies.

180 Degree Capital Corp. Reports +14.2% Growth in Q1 2021, $10.60 Net Asset Value Per Share as of March 31, 2021, and Developments From Q2 2021

Retrieved on: 
Tuesday, May 11, 2021
180 Degree Capital, Montclair, New Jersey, NASDAQ, Finance, Financial markets, Investment

b'MONTCLAIR, N.J., May 11, 2021 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (\xe2\x80\x9c180\xe2\x80\x9d and the \xe2\x80\x9cCompany\xe2\x80\x9d), today reported its financial results as of March 31, 2021, and additional developments from the second quarter of 2021.

Key Points: 
  • b'MONTCLAIR, N.J., May 11, 2021 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (\xe2\x80\x9c180\xe2\x80\x9d and the \xe2\x80\x9cCompany\xe2\x80\x9d), today reported its financial results as of March 31, 2021, and additional developments from the second quarter of 2021.
  • I am proud of this 5.5x increase in scale we have built at 180 since starting in 2017.
  • As of May 10, 2021, 180\xe2\x80\x99s cash3 and securities of publicly traded companies increased to approximately $77.0 million, or $7.42 per share, and our SMA increased to approximately $41.5 million in asset value.
  • These increases bring our current assets to be deployed in our public market investment strategy to approximately $118.5 million.

180 Degree Capital Corp. Notes Preliminary +28% and +1.60 Per Share Growth in its Public Portfolio in Q1 2021 and Currently Expected Increase in Net Asset Value Per Share as of March 31, 2021

Retrieved on: 
Monday, April 5, 2021
180 Degree Capital, Montclair, New Jersey, NASDAQ, Finance, Financial markets, Investment

MONTCLAIR, N.J., April 05, 2021 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (180) today provided a preliminary update on its performance during the first quarter of 2021.

Key Points: 
  • MONTCLAIR, N.J., April 05, 2021 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (180) today provided a preliminary update on its performance during the first quarter of 2021.
  • We are proud of the performance of our public investments during the first quarter of 2021, said Kevin M. Rendino, Chief Executive Officer of 180.
  • Our preliminary +28% gross total return equates to an estimated increase in value of approximately +$16.6 million, or +1.60 per share.
  • We ended the quarter with approximately $74.0 million in cash and securities of publicly traded companies, or $7.13 per share, an increase of approximately 24% from the end of 2020.

180 Degree Capital Corp. Issues Second Open Letter to the Board and Shareholders of Enzo Biochem, Inc.

Retrieved on: 
Monday, March 22, 2021
Articles, Corporate law, Board of directors, Business law, Committees, 180 Degree Capital, Business

MONTCLAIR, N.J. , March 22, 2021 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (180 and the Company), today issued the following open letter to the board and shareholders of Enzo Biochem, Inc. (ENZ).

Key Points: 
  • MONTCLAIR, N.J. , March 22, 2021 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (180 and the Company), today issued the following open letter to the board and shareholders of Enzo Biochem, Inc. (ENZ).
  • As we noted in our first public letter, and discuss further below, Dr. Rabbani has not generated value for shareholders.
  • I thought the two new board members, Dr. Tagliaferri and Dr. Walters, would provide an objective analysis of the situation.
  • Where was the section where you examined his execution on behalf of shareholders as part of your decision-making process?

180 Degree Capital Corp. Appoints Tonia L. Pankopf to Board of Directors

Retrieved on: 
Monday, August 10, 2020
Articles, 180 Degree Capital, Montclair, New Jersey, Tonia, Board of directors, Business

MONTCLAIR, N.J., Aug. 10, 2020 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (180 and the Company), today announced the appointment of Tonia L. Pankopf to its Board of Directors.

Key Points: 
  • MONTCLAIR, N.J., Aug. 10, 2020 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (180 and the Company), today announced the appointment of Tonia L. Pankopf to its Board of Directors.
  • Ms. Pankopf replaces Charles E. Ramsey, who retired from 180s Board this year after 18 years of service.
  • We are pleased to welcome Tonia L. Pankopf to 180s Board of Directors, said Kevin M. Rendino, Chairman and Chief Executive Officer of 180.
  • I am delighted to be joining the Board of 180, and to be working with Kevin Rendino, Daniel Wolfe, and the entire Board, said Ms. Pankopf.

180 Degree Capital Corp. Begins Managing $25 Million Allocation From Pension Fund

Retrieved on: 
Monday, June 8, 2020
180 Degree Capital, Montclair, New Jersey

MONTCLAIR, N.J., June 08, 2020 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN)(180) announced today that it has executed a definitive investment advisory agreement to manage the previously noted $25 million allocation from a pension fund in a separately managed account.

Key Points: 
  • MONTCLAIR, N.J., June 08, 2020 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN)(180) announced today that it has executed a definitive investment advisory agreement to manage the previously noted $25 million allocation from a pension fund in a separately managed account.
  • 180 also noted it is also now registered as a Registered Investment Adviser with the Securities and Exchange Commission.
  • We are excited to begin investing the $25 million allocation from a pension fund alongside 180s permanent capital, said Kevin M. Rendino, Chief Executive Officer of 180.
  • About 180 Degree Capital Corp.
    180 Degree Capital Corp. is a publicly traded registered closed-end fund focused on investing in and providing value-added assistance through constructive activism to what we believe are substantially undervalued small, publicly traded companies that have potential for significant turnarounds.