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

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.
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