iQmetrix Goes Global With Close of Synchronoss DXP and Activation Solutions Acquisition
May 12 2022 - 8:30AM
Business Wire
iQmetrix, North America’s leading provider of telecom retail
management software, announced that it has closed its acquisition
of Digital Experience Platform (“DXP”) and Activation Solutions
(“Activation”) from Synchronoss Technologies, Inc. (Nasdaq: SNCR)—a
global leader in cloud, messaging, and digital products and
platforms.
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The acquisition of the Digital Experience
Platform and Activation Solutions retail technologies from
Synchronoss, along with the associated employee base, gives
iQmetrix its first office in Bangalore, India. Image:
iQmetrix/Synchronoss
The purchase of DXP and Activation, valued at $14 million, is an
investment that allows iQmetrix to integrate advanced digital
retail technology with intelligent retail management, ultimately
enabling retailers to deliver exceptional consumer experiences.
The acquisition of these product pillars and associated employee
base now gives iQmetrix its first office in Bangalore, India.
Approximately 100 employees in India, the US, the UK, Ireland, and
Germany will be transitioned into iQmetrix.
DXP and Activation enable telecom operators and retailers around
the globe to create, orchestrate, and manage digital experiences
across all channels. Using a low-code approach, DXP allows users to
easily create, integrate, and publish customer journeys and
experiences through simple drag-and-drop configurations.
“As a trusted provider of intelligent retail management
software, iQmetrix is the natural acquirer of choice for the
Digital Experience Platform and Activation Solutions,” said Ryan
Volberg, President and Chief Executive Officer of iQmetrix. “We’re
very excited as this supports our plans to be the number-one
enabler of personal connected devices globally. In such a
relentlessly changing industry, this is the next big step of many
that we’re excited to take to help us create great experiences in
the telecom space.”
Joanne Helm, Senior Vice President of Strategy at iQmetrix,
added, “This technology acquisition is extremely strategic for our
business growth, given our global intentions within telecom. One of
the most exciting parts is the amazing individuals that are now
iQers! We're excited to welcome over 100 new individuals to the
team, with a new iQmetrix office in India as well as remote
employees in the USA, UK, Ireland, and Germany. This acquisition
officially makes iQmetrix a true global telecom retail management
business provider.”
Over the coming months, iQmetrix will work with Synchronoss to
ensure a smooth transition for both customers and employees.
Jeff Miller, President and Chief Executive Officer of
Synchronoss, said, “The sale of DXP and Activation is part of our
strategic plan to create a leaner business model that focuses on
our core growth areas for the future. Closing this deal is
favorable for Synchronoss’s long-term product focus areas. It
provides us with operating flexibility to improve our capital
structure and to accelerate the development of new product
offerings in our key areas such as our cloud portfolio.”
About iQmetrix
iQmetrix’s intelligent retail management software is designed to
power sales of connected devices. Our software is built around
enabling telecom retailers to deliver a buy-anywhere strategy
through multi-channel inventory management and digital retail
solutions; make data-driven decisions using robust reporting; and
unify storefronts and digital channels for a consistent customer
experience—in-store, online, and anywhere else.
For 22 years, we’ve been passionate about helping the leading
brands in telecom to grow by providing best-in-class software,
services, and expertise that enables them to adapt and thrive. Our
solutions powered $16.4BN in sales last year, and are used by
300,000 telecom retail professionals across 1,000-plus clients.
iQmetrix is a privately held software-as-a-service (SaaS) company
with offices in Canada and the U.S. For more information, please
visit www.iqmetrix.com.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220511005961/en/
Media Contact Joannah Connolly, iQmetrix
media@iqmetrix.com
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