Articles from Synchronoss Technologies, Inc.

The New Synchronoss Personal Cloud now supports over 11 million users and Includes Expanded AI-Powered Genius Tools to Edit and Optimize Photos, Improved Storage, Security, and Photo Optimization

Synchronoss Personal Cloud Enables Subscribers to Securely Backup, Manage, and Share All Types of Content Between Smartphones, Devices, and the Cloud

Third Quarter Revenue Grew 8% Year-Over-Year to $43.0 Million, Including 92.2% Recurring Revenue

Building on an 8-Year Partnership, this Leading Service Provider Will Continue to Utilize Synchronoss Personal Cloud and Enable Subscribers throughout France to Manage, Optimize, and Share All Types of Digital Content

New Synchronoss Personal Cloud Adds Features Such as Memories and Built-In AI Functionality to Make it Even Easier for Subscribers to Optimize Digital Content

$75.0 Million Financing Proceeds to be Used for Repurchase of All Outstanding Shares of Series B Preferred and Repurchase of Approximately $19.7 Million of Senior Notes at a Discount to Face Value

The Appointment of Junji Nishihara Enables Synchronoss to Drive Growth and Strengthen Customer Relationships in the Japanese Market

The Latest Version of the Synchronoss Personal Cloud Platform Includes New AI Photo Editing Features and a Streamlined Onboarding Process to Improve the User Experience

BRIDGEWATER, N.J., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a leading global provider of personal cloud software and services, today announced that it has received notice from The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that, after having a closing bid price over $1.00 for over eleven consecutive business days from December 11 through December 26, it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market, and that matter is now closed.

Emphasizing Expected Long-Term Financial Outlook and Strong Cash Flow Generation in 2024 and Beyond

Roll Out of Anshin Data Box Powered by Synchronoss Personal Cloud Integrates Artificial Intelligence Functionality and Enables Customers to Optimize, Organize, and Safeguard Photos, Videos, and Other Digital Content

New Version Offers Service Providers with a Reliable and Scalable Platform to Centralize and Automate All Aspects of Physical Network Infrastructure, including Planning, Design, and Management

Net Cash Provided by Operating Activities of $11.3 Million, a 19.5% Increase from $9.4 Million in Q2 2022

Building on a 10-Year Partnership, Verizon will Continue to Utilize Synchronoss Personal Cloud to Enable Subscribers to Manage, Optimize, and Share All Types of Digital Content

Telecom and Mobile Operators are Embracing AI-Powered Synchronoss Personal Cloud to Enable Subscribers to Create, Optimize, and Share Digital Content in New Ways

Net Cash Provided by Operating Activities of $1.3 Million, a $4.0 Million Improvement from Q1 2022

BRIDGEWATER, N.J., March 13, 2023 (GLOBE NEWSWIRE) -- Synchronoss Technologies Inc.  (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a global leader and innovator in cloud, messaging, and digital products and platforms, today confirmed that on March 10, 2023 it received a non-binding proposal from B. Riley Financial, Inc. (“B. Riley”) to acquire all outstanding shares of the Company’s common stock for a price of $1.15 per share, payable in cash (the “B. Riley Proposal”).

Income from Operations of $1.3 Million Versus Loss of $19.0 Million in 2021

Global Service Providers Utilizing Synchronoss Platforms to Deliver Value-Added Services to Tens of Millions of Subscribers

Purpose-Built and Widely Deployed by Leading Telecom Operators, the New Synchronoss Personal Cloud Includes Genius, BackTrack and Other Features to Ensure Data Security and Privacy

The Enhanced Synchronoss Personal Cloud Platform Includes New BackTrack, Genius, and Other AI Features, Focused on Improving Data Privacy, Security, and Photo Optimization

Company Expands Existing On-Premise Deployment of Mx9 Messaging Platform, Offering an Array of New Features to Ensure Security, Data Privacy, and an Improved User Experience

Leveraging the Synchronoss Advanced Messaging Platform, NTT DOCOMO, KDDI, and SoftBank Deliver Cross-Operator Advanced Messaging Service Enabling Users and Brands to Communicate, Interact, and Transact

Leading Provider of Mobile, Telecommunications and ISP Services Rolling Out Personal Cloud Offering to Safeguard Files, Photos, Videos, and Other Digital Content

Synchronoss Recognized for Corporate Citizen of the Year Category for Sync Cares Program

Operating Income of $1.3 Million Versus Loss of $10.5 Million in the Prior Year Period

Synchronoss ConnectNX Provides a Centralized System to Streamline the Order and Fulfillment Processes of Wholesale Broadband Connectivity, Such as Switched Ethernet, Internet Access, Backhaul, and Transport Services

The Combination of Advanced Storage and 5G Network Gives Verizon Cloud Subscribers Fast Access and Powerful Features to Manage, Organize, and Share All Types of Digital Content

Louis Ferraro Jr. Appointed Chief Financial Officer; Mina Lackner Appointed Chief Human Resources Officer

Company Aligns Components of its Digital Products and Platforms to Enable Telecom Service Providers to Optimize the Utilization of their Network Assets and Services While Reducing Costs

BRIDGEWATER, N.J., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”)(Nasdaq: SNCR), a global leader and innovator in cloud, messaging and digital products and platforms, will hold a conference call on Tuesday, November 8, 2022 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the third quarter ended September 30, 2022. Financial results will be issued in a press release prior to the call.

Replaces On-Premise System with New Cloud Environment, Adding Enhanced Email Security Capabilities