Synchronoss to Provide Wholesale Process Automation and Management to Brightspeed
May 09 2022 - 4:05PM
Synchronoss Technologies
Inc. (“Synchronoss” or the
“Company”) (Nasdaq: SNCR), a global leader and innovator
in cloud, messaging and digital products and platforms, today
announced that it has signed a multi-year agreement with
Brightspeed, a provider of broadband and telecommunications
services expected to have operations in 20 States. Brightspeed will
initially be comprised of the incumbent local exchange carrier
(ILEC) assets and associated operations of Lumen Technologies
(NYSE: LUMN), which are the subject of a pending acquisition by
Apollo-managed funds (NYSE: APO).
Brightspeed will utilize two key modules from the Synchronoss
networkX Platform - interconnectNOW (iNOW) and Financial Analytics
(FA) – for its planned fiber deployments throughout its multi-state
territory across rural and suburban regions of the United
States.
Brightspeed previously announced plans to invest more than $2
billion to build a network that will bring faster, more reliable
Internet and Wi-Fi to communities throughout the Midwest,
Southeast, and certain parts of Pennsylvania and New
Jersey. The company's planned fiber optics
transformation is expected to reach up to three million homes and
businesses over the next five years, including in many places where
fiber and advanced technology have not historically been
deployed.
“As Brightspeed continues to build out its fiber optics network,
iNOW and Financial Analytics will be integral in managing the
company’s wholesale carrier operations,” said Chris Hill, Chief
Commercial Officer at Synchronoss. “Automating and orchestrating
orders throughout the lifecycle will enable Brightspeed to keep
pace with customer requests and realize revenue faster.”
“Our partnership with Synchronoss will provide us access to
their state-of-the-art platforms to achieve exceptional
efficiencies in managing our wholesale carrier orders and trading
partner transactions,” said Chris Creager, Chief Administration
Officer of Brightspeed. “From end-to-end, iNOW will enable us to
track orders and help us deliver world-class connectivity products
and services to the communities we look forward to serving.”
The iNOW platform eliminates manual handling of service orders
and manages the full lifecycle between customer and supplier
via automation and rules-based validation. It provides a single
interface and database for all buyer and supplier orders, making it
easy to track orders from receipt to fulfillment, reconciles
billing, and provides real-time reporting - shortening time to
revenue.
The Financial Analytics platform streamlines the management of
complex carrier invoicing via automated workflow and intuitive
rules engines for auditing, accounting, validation, and payment of
invoices. FA empowers service providers such as Brightspeed with
the necessary tools and processes to ensure intercarrier expenses
are thoroughly analyzed and confirmed prior to payment.
Leading service providers from around the world utilize
Synchronoss and the iNOW platform to manage 39 million orders and
transactions annually from 5,000 integrated operators.
About Synchronoss
Synchronoss Technologies (Nasdaq: SNCR) builds software that
empowers companies around the world to connect with their
subscribers in trusted and meaningful ways. The company’s
collection of products helps streamline networks, simplify
onboarding, and engage subscribers to unleash new revenue streams,
reduce costs and increase speed to market. Hundreds of millions of
subscribers trust Synchronoss products to stay in sync with the
people, services, and content they love. That’s why more than 1,500
talented Synchronoss employees worldwide strive each day to
reimagine a world in sync. Learn more
at www.synchronoss.com.
About Brightspeed
Headquartered in Charlotte, N.C. and expected to have assets and
associated operations in 20 states, Brightspeed will provide
broadband and telecommunications services through a network
platform capable of serving more than six million homes and
businesses. The company aims to bridge the digital divide by
deploying a state-of-the-art fiber network and a customer
experience that makes staying connected simple and seamless. Learn
more at www.brightspeed.com.
Synchronoss
Media Relations Contact:Domenick
CileaSpringboarddcilea@springboardpr.com
Investor Relations Contact:Matt Glover / Tom
ColtonGateway Group, Inc.SNCR@gatewayir.com
Brightspeed
Media Relations Contact:Erik CarlsonJoele
Frank, Wilkinson Brimmer Katcher(212)
355-4449pr@brightspeed.com
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