Synchronoss Technologies, Inc. (Nasdaq: SNCR), a global leader in Personal Cloud platforms, has officially been acquired by Lumine Group Inc., a prominent buyer and long-term owner of communications and media software businesses. The all-cash transaction values Synchronoss at an implied equity value of approximately $116.4 million and an enterprise value of $258.4 million. Following the acquisition, Synchronoss’s common stock will no longer trade on the Nasdaq Stock Market.
Stockholder Approval Finalizes the Deal
Synchronoss stockholders approved the acquisition during a Special Meeting of Stockholders held on February 12, 2026. This approval marked the final step in completing the transaction, which now positions Synchronoss under the Lumine Group umbrella.
Advisors Behind the Transaction
TD Cowen acted as the exclusive financial advisor to Synchronoss, while Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP provided legal counsel. On the Lumine Group side, Goodwin Procter LLP served as legal advisor, ensuring a smooth and efficient transaction process.
About Synchronoss Technologies
Synchronoss Technologies, Inc. has built a reputation as a global leader in personal Cloud solutions. The company’s SaaS Cloud platform enables service providers to create secure, meaningful connections with their subscribers. By simplifying onboarding processes and enhancing subscriber engagement, Synchronoss helps its partners boost revenue, cut costs, and accelerate time-to-market. Millions of users trust Synchronoss to protect their cherished memories and digital content. To learn more, visit www.synchronoss.com.
About Lumine Group
Lumine Group (TSXV: LMN) specializes in acquiring, strengthening, and growing vertical market software businesses within the Communications and Media industry. As a global buy-and-hold acquirer, Lumine Group focuses on long-term growth and value creation. For more information, visit www.luminegroup.com.
This acquisition represents a significant milestone for both companies. Synchronoss gains the backing of a global leader in software acquisitions, while Lumine Group expands its portfolio with a trusted name in personal Cloud solutions. Together, they are poised to drive innovation and growth in the Communications and Media industry.
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