Synchronoss (SNCR) acquires cloud service provider NewBay from Research in Motion (RIMM) for...

|About: Synchronoss Technologies, Inc. (SNCR)|By:, SA News Editor

Synchronoss (SNCR) acquires cloud service provider NewBay from Research in Motion (RIMM) for $55.5M. CEO Stephen Waldis says the move is one of the first steps in a large expansion plan intended to boost SNCR's international presence with the takeover of a major European mobile operator.