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Synchronoss Technologies Inc (SNCR.O)

SNCR.O on Nasdaq

39.27USD
20 Jan 2017
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Latest Key Developments (Source: Significant Developments)

Synchronoss expects Q4 revenue between $145-$150 mln
Tuesday, 6 Dec 2016 09:59am EST 

Synchronoss Technologies Inc : Q4 revenue view $197.8 million -- Thomson Reuters I/B/E/S . Synchronoss Technologies now expects Q4 revenue between $145-$150 million - conf call Further company coverage: [SNCR.O] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Synchronoss Technologies to acquire Intralinks Holdings
Tuesday, 6 Dec 2016 07:29am EST 

Synchronoss Technologies Inc : Synchronoss to acquire Intralinks Holdings, Inc. For $13.00 per share or $821 million in equity value . Synchronoss Technologies Inc- transaction was unanimously approved by board of directors of both companies . Stephen G Waldis, founder and current chief executive officer, will serve as executive chairman of board . Synchronoss Technologies - expects to finance intralinks deal with existing cash,proceeds from sequential technology transaction,$900 million of new debt . Given expected closing in first calendar quarter of 2017, co expects intralinks transaction to have no impact to q4 . Synchronoss technologies inc - targeting $40 million of combined synergies within first year of closing intralinks deal . Synchronoss Technologies Inc - to divest a portion of its activation business to sequential technology international for $146 million . Synchronoss Technologies Inc - strategic alternatives being pursued for remaining activation assets . Ron Hovsepian, CEO of Intralinks, is expected to be appointed as CEO of Synchronoss upon closing . Synchronoss Technologies -giving initial 2017 revenue guidance of between $810 million- $820 million with pro forma eps of between $2.45-$2.60 for combined entity . Synchronoss Technologies Inc - Synchronoss expects Intralinks transaction to have no impact to its Q4 financials.  Full Article

Synchronoss Tech Q2 non-gaap earnings per share $0.57
Wednesday, 3 Aug 2016 04:03pm EDT 

Synchronoss Technologies Inc Qtrly Non : Synchronoss technologies, inc. Announces strong second quarter results . Q2 gaap loss per share $0.10 . Q2 non-gaap earnings per share $0.57 . Q2 earnings per share view $0.53 -- Thomson Reuters I/B/E/S . Synchronoss technologies inc qtrly total revenue $157.6 million compared to $137.8 million .Gaap total revenue $161.5 million compared to $137.9 million.  Full Article

Synchronoss Technologies- enters into amended credit deal with Wells Fargo Bank, National Association
Monday, 11 Jul 2016 06:03am EDT 

Synchronoss Technologies Inc : Says entered into an amended and restated credit agreement with Wells Fargo Bank, National Association . Says credit facility is a $250 million unsecured revolving line of credit that matures on July 7, 2021 . Says has right to request an increase in the aggregate principal amount of the credit facility to $350 million .Says Synchronoss has drawn down $44 million under the credit facility.  Full Article

Synchronoss Technologies Inc announces $100 million share repurchase program
Thursday, 4 Feb 2016 02:45pm EST 

Synchronoss Technologies Inc:Board of Directors has approved a share repurchase program under which the company may repurchase up to $100 million of its outstanding common stock.Plans to make such purchases at prevailing prices over the next 12 to 18 months.  Full Article

Synchronoss Technologies, Inc extends secure cloud agreement with Vodafone
Monday, 2 Nov 2015 08:00am EST 

Synchronoss Technologies, Inc:Says has extended its secure cloud hosting agreement with Vodafone.  Full Article

Synchronoss Technologies Inc raises FY 2015 guidance - Conference call
Wednesday, 29 Jul 2015 08:30am EDT 

Synchronoss Technologies Inc:Increases FY 2015 non-GAAP revenue guidance to $575 million to $582 million, compared to the company's previous guidance of $566 million to $575 million.Says combination of increased margin expectations on a higher level of revenue translates to updated FY 2015 non-GAAP EPS guidance of $2.22 to $2.26.Says that at midpoint, this represents an $0.11 increase from the company's prior guidance.  Full Article

Synchronoss Technologies to acquire F-Secure Personal Cloud Assets
Wednesday, 4 Feb 2015 06:00am EST 

Synchronoss Technologies Inc:Enters into an agreement to acquire personal cloud assets from F-Secure Corp.With this acquisition, and combined with Synchronoss' current global footprint, Synchronoss will now service over 75 Mobile Operators, including nine Tier One Global Providers.In consideration for the acquisition, Synchronoss will pay about $60 mln in cash to F-Secure and the deal is expected to close by the end of the first quarter of fiscal 2015.  Full Article

Synchronoss Technologies Inc reaffirms FY 2015 profit outlook
Wednesday, 4 Feb 2015 04:38am EST 

Synchronoss Technologies Inc:Expects FY 2015 profitability to be around 15 pct of revenues (excluding the profit from the sale of the personal cloud business).FY 2015 net income of $89.26 mln, EPS of $1.89 - Thomson Reuters I/B/E/S.  Full Article

Software maker Synchronoss to buy Intralinks for $821 million

Synchronoss Technologies Inc , which makes customer service software for mobile carriers, said on Tuesday it would buy cloud-based business software provider Intralinks Holdings Inc for $821 million in cash.