Leading Global Operator Selects Synchronoss to Deliver Personal Cloud Offering
December 01 2022 - 4:16PM
Synchronoss Technologies, Inc. (“Synchronoss” or
the “Company”) (Nasdaq: SNCR), a global leader and innovator in
cloud, messaging and digital products and platforms, today
announced a multi-year agreement with one of the largest global
operators to deploy Synchronoss Personal Cloud to tens of millions
of subscribers on its network. This agreement will contribute to
Synchronoss’s financial results this quarter, as deployment
preparations are underway, and transition into primarily a
SaaS-based revenue model as subscribers adopt the service.
As one of the world’s top providers of mobile devices and
communications services, this international customer is partnering
with Synchronoss to offer an array of value-added services,
including the ability to backup and manage files, photos, videos,
and digital content stored on mobile phones and other devices.
Thanks to the scale and market reach of this service provider, the
Company estimates this customer will become one of its largest
cloud deployments over the next three to five years. The rollout of
the Synchronoss-powered personal cloud solution enables operators
to generate new revenue opportunities, improve ARPU, and reduce
churn through improved engagement.
“This agreement represents a major milestone in the continued
expansion of our cloud business. We continue to empower mobile
service providers worldwide with strategic tools to improve
customer value,” said Jeff Miller, President and CEO of
Synchronoss. “This multi-year agreement exemplifies the increasing
importance of cloud offerings to leading operators and further
extends our global footprint, representing new growth opportunities
for the Synchronoss Personal Cloud platform. Most importantly, the
launch of a customer-branded personal cloud solution will enable
this operator to form deeper connections with its subscribers and
improve key business metrics.”
About SynchronossSynchronoss 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.
Learn more at www.synchronoss.com.
Media Relations Contact:Domenick
CileaSpringboarddcilea@springboardpr.com
Investor Relations Contact:Matt Glover / Tom
ColtonGateway Group, Inc.SNCR@gatewayir.com
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