Yesterday, 7:13 AM
- The all cash deal works out to $13 per share for Intralinks Holdings (NYSE:IL), a 15% premium to last night's close. The sale is expected to close late in Q1.
- Alongside the purchase, Synchronoss (NASDAQ:SNCR) agrees to sell a portion of its activation business to Sequential Technology for $146M.
- With the deals, SNCR is giving initial 2017 revenue guidance of $810M-$820M, and pro forma EPS of $2.45-$2.60. $40M of combined synergies are targeted.
- A conference call is set for 8:30 ET.
Wed, Mar. 2, 6:59 PM
- Synchronoss (NASDAQ:SNCR) is buying Openwave Messaging, a provider of messaging, security, and identity management software for carriers, along with related services. Terms are undisclosed.
- The deal fits with Synchronoss' focus on providing software and white-label cloud services for mobile carriers. Synchronoss: "Openwave has a world-class product portfolio which includes its core complete messaging platform optimized for today's most complex messaging requirements worldwide with a particular geographic strength in APAC. With this acquisition and combined with Synchronoss current global footprint, Synchronoss will have direct access to over 3.5 Billion subscribers around the world for its flagship personal cloud platform and importantly bolster our go-to-market efforts internationally."
- Openwave isn't expected to have a material impact on Synchronoss' 2016 revenue/EPS. Synchronoss is a year removed from buying Finnish security software firm F-Secure for $60M. French cloud address book developer Voxmobili was acquired for $26M in 2014.
Jul. 27, 2015, 4:10 PM
- Sources tell dealReporter Synchronoss' (NASDAQ:SNCR) efforts to sell itself have slowed. Shares tumbled briefly before the close in response.
- The WSJ reported in June P-E firms were interested, and that i-bank Qatalyst Partners had been hired. Synchronoss jumped in response.
- The mobile activation software/white-label cloud service provider delivers its Q2 report on Wednesday morning.
Jun. 2, 2015, 7:12 PM
- Synchronoss (NASDAQ:SNCR) has now surged to $49.49 in AH trading following a WSJ report stating the company is exploring a sale.
- The WSJ's sources state Synchronoss is working with boutique i-bank Qatalyst Partners on a potential sale, and has "drawn interest from a number of private-equity firms."
- If a deal happens, Synchronoss wouldn't be the first software firm to be acquired by P-E this year (I, II).
Jun. 2, 2015, 6:46 PM
Feb. 4, 2015, 12:30 PM
- Ahead of tomorrow morning's Q4 report, Synchronoss (SNCR +4.7%) has announced it's buying personal cloud service assets from Finnish security software firm F-Secure for $60M in (offshore?) cash. The deal is expected to close in Q1, and be neutral to slightly accretive to 2015 results.
- As part of the deal, Synchronoss will be able to integrate/resell F-Secure's security products with its Personal Cloud offerings. which provides a variety of white-label mobile services to carriers. Synchronoss suggests the purchase will help it cross-sell its existing offerings to F-Secure's international carrier clients.
- The deal follows last July's $26M purchase of French cloud address book developer Voxmobili. Synchronoss' cloud services revenue rose 115% Y/Y in Q3, and made up 46% of total revenue.
Jul. 14, 2014, 11:09 AM
- Synchronoss (SNCR +1.9%) is buying Voxmobili, a French developer of cloud-based, private-label, address book apps for carriers, for $26M in cash.
- Voxmobili's customer base includes AT&T, Vodafone, Orange, and T-Mobile. Its products bolster Synchronoss' arsenal of private-label content services for mobile carriers.
- The deal is expected to be "neutral to slightly accretive" to 2014 results. Synchronoss' Q2 report arrives on July 29.
Dec. 27, 2012, 5:57 PM
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.| Dec. 27, 2012, 5:57 PM
Mar. 28, 2012, 12:47 PM
Cisco (CSCO) is acquiring ClearAccess, a developer of software that allows service providers to manage and provision broadband modems and set-top boxes, and plans to integrate the startup's products with its Prime network management software. The news could be affecting shares of Synchronoss (SNCR -2%), though Synchronoss' provisioning software is largely used for mobile devices.| Mar. 28, 2012, 12:47 PM
Jan. 5, 2012, 11:32 AM
Synchronoss (SNCR -3.5%) sells off after announcing it's acquiring Miyowa, a developer of social networking and messaging software for mobile devices, for $45.5M + up to $13.5M in milestone payments. Miyowa's software complements Synchronoss' solutions for activating mobile devices and provisioning content/services. The company expects the deal to be "at least neutral" to its 2012 EPS.| Jan. 5, 2012, 11:32 AM