Synchronoss Technologies to Acquire Openwave Messaging
March 02 2016 - 4:30PM
Business Wire
Acquisition will bolster Synchronoss as the
worldwide de facto standard and market leader in providing Personal
Cloud solutions
Synchronoss Technologies, Inc. (NASDAQ:SNCR), the leader in
mobile cloud innovation and software-based activation for mobile
carriers, enterprises, retailers and OEMs around the world, today
announced that it has entered into an agreement to acquire
privately held Openwave Messaging Inc. Openwave has a world-class
product portfolio which includes its core complete messaging
platform optimized for today’s most complex messaging requirements
worldwide with a particular geographic strength in APAC. With this
acquisition and combined with Synchronoss’ current global
footprint, Synchronoss will have direct access to over 3.5 Billion
subscribers around the world for its flagship personal cloud
platform and importantly bolster our go-to-market efforts
internationally.
“The success of our Personal Cloud platform is particularly
powerful because we are not only helping mobile operators drive
better-than-expected adoption that is enabling the cloud to be a
core part of their communication offerings, but helping monetize
this opportunity for our customers. The addition of Openwave into
our product portfolio will help expand our total addressable cloud
market opportunity and geographic footprint internationally,” said
Stephen Waldis, founder, chairman and chief executive officer of
Synchronoss.
The acquisition is not expected to have a material impact to
Synchronoss’ revenue and non-GAAP EPS for the 2016 fiscal year.
About Synchronoss Technologies, Inc.
Synchronoss (NASDAQ:SNCR) is the mobile innovation leader that
provides personal cloud solutions and software-based activation for
connected devices across the globe. The company’s proven and
scalable technology solutions allow customers to connect,
synchronize and activate connected devices and services that
empower enterprises and consumers to live in a connected world. For
more information visit us at www.synchronoss.com.
The Synchronoss logo, Synchronoss and Synchronoss Integrated
Life are trademarks of Synchronoss Technologies, Inc. All other
trademarks are property of their respective owners.
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Media:Stacie Hiras, +1
908-674-0758Stacie.hiras@synchronoss.comorInvestor
Relations:Daniel Ives, +1
908-524-1047Daniel.ives@synchronoss.com