From a technical perspective, Synchronoss (SNCR) is looking like an interesting pick, as it just reached a key level of support. SNCR recently overtook the 200-day moving average, and this suggests a long-term bullish trend.
From a technical perspective, Synchronoss (SNCR) is looking like an interesting pick, as it just reached a key level of support. SNCR recently overtook the 50-day moving average, and this suggests a short-term bullish trend.
Synchronoss Technologies Inc (NASDAQ:SNCR) said on Thursday it agreed to be acquired by Lumine Group in an all-cash deal valuing the cloud software provider at about $116 million in equity, taking the company private as it seeks to accelerate growth under new ownership. Lumine, a Toronto-based, TSX Venture Exchange-listed global buyer of communications and media software businesses, will acquire Synchronoss for $9 per share, a roughly 70% premium to the stock's December 3 closing price.
| - Industry | - Sector | Jeffrey George Miller CEO | XDUS Exchange | US87157B4005 ISIN |
| US Country | 802 Employees | - Last Dividend | 11 Dec 2023 Last Split | 15 Jun 2006 IPO Date |
Synchronoss Technologies, Inc. is a leading provider specializing in cloud, messaging, digital, and network management solutions across the globe, including regions such as the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Established in 2000 and headquartered in Bridgewater, New Jersey, the company aims to enable its customers to backup, protect, engage with, and efficiently manage their personal content. Synchronoss has built its reputation through a combination of innovative platform solutions and comprehensive professional services, catering to both individual subscribers and enterprise clients. Through direct sales and strategic partnerships, Synchronoss continues to expand its market reach and influence in the tech industry.