Synchronoss Technologies INC

Market Movers (8-K)

Lumine Group has finalized its all-cash acquisition of Synchronoss Technologies, valuing the company at approximately $116.4 million in equity.
Synchronoss Technologies confirms the merger consideration of $9.00 per share with Lumine Group, expecting consummation on February 13, 2026.
Synchronoss Technologies, Inc. announced a definitive agreement to be acquired by Lumine Group Inc. in an all-cash transaction valuing the Company at approximately $116.4 million equity value and $258.4 million enterprise value, representing a 70% premium.
Better than expected
Synchronoss Technologies reported a net income of $5.8 million and diluted EPS of $0.51 for Q3 2025, driven by a tax refund, despite a slight revenue decrease, while reiterating expectations for new customer additions.
Delay expected
Better than expected
Synchronoss Technologies reports second quarter 2025 results, highlighting significant debt reduction from a CARES Act tax refund and reaffirming full-year guidance despite a net loss.
Capital raise
Synchronoss Technologies announced the receipt of a $30.2 million federal CARES Act tax refund, with an additional $3.7 million expected, enabling a significant paydown of its term loan facility.
Better than expected

Quarterly Earnings (10-Q)

Synchronoss Technologies reported a significant net income for Q3 2025, driven by a federal tax refund and cost-saving initiatives, despite a slight revenue decline.
Better than expected
Synchronoss Technologies reported a significant net loss in Q2 2025, primarily driven by substantial debt refinancing expenses and foreign exchange losses, despite operational cost reductions.
Capital raise
Worse than expected
Synchronoss Technologies' Q1 2025 results show a slight decrease in revenue but improved profitability due to cost-cutting initiatives.
Worse than expected
Synchronoss Technologies saw a revenue increase in Q3 2024, driven by cloud subscriber growth, while also completing strategic financial maneuvers.
Better than expected
Synchronoss Technologies saw a revenue increase and reduced expenses in the second quarter of 2024, while also completing a significant debt restructuring.
Better than expected
Synchronoss Technologies saw a slight revenue increase in Q1 2024, driven by growth in its cloud business, while also managing cost reductions.
Better than expected

Annual Reports (10-K)

Synchronoss Technologies announces its 2024 financial results, highlighting a strategic shift towards cloud-centric solutions and the divestiture of its Messaging and NetworkX businesses.
Better than expected
Synchronoss Technologies, Inc.'s 2023 annual report highlights a strategic shift towards cloud-centric solutions following the divestiture of its Messaging and NetworkX businesses.
Capital raise
Worse than expected

Insider Trading (Form 4)

Stephen G. Waldis, Executive Chairman of Synchronoss Technologies, disposed of common stock and stock options following the company's merger with Lumine Group US Holdco Inc. for $9.00 per share in cash.
Kristin S. Rinne, a director of Synchronoss Technologies Inc., reported the disposal of common stock and stock options following the company's merger with Lumine Group US Holdco Inc. for $9.00 per share.
Synchronoss Technologies' EVP & CTO, Patrick Joseph Doran, disposed of all common stock and vested stock options following the company's merger at $9.00 per share.
EVP and Chief Legal Officer Christina Gabrys disposed of common stock and stock options following the merger of Synchronoss Technologies Inc. with Lumine Group US Holdco Inc.
Worse than expected
Synchronoss Technologies Director Laurie Harris disposed of all her direct and indirect common stock and stock options following the company's merger at $9.00 per share.
Synchronoss Technologies CEO Jeffrey Miller disposed of all common stock and vested options following the company's acquisition by Lumine Group for $9.00 per share.
Worse than expected

Proxy Statements (Def-14A)

Synchronoss Technologies, Inc. is soliciting shareholder votes for its proposed merger with Lumine Group US Holdco Inc. at a special meeting on February 12, 2026.
Synchronoss Technologies, Inc. announces its agreement to be acquired by Lumine Group, outlining 2025 achievements and 2026 strategic priorities.
Synchronoss Technologies, Inc. stockholders are invited to a special meeting on February 12, 2026, to vote on a proposed all-cash merger with Lumine Group US Holdco Inc. at $9.00 per share, representing a 70% premium.
Better than expected
Synchronoss Technologies, Inc. provides an update on its proposed acquisition by Lumine Group, reaffirming commitment to the transaction and outlining next steps towards completion in the first half of 2026.
Synchronoss Technologies provides an update on the procedural steps and expected timeline for its acquisition by Lumine Group, anticipating a first-half 2026 closing.
Synchronoss Technologies has entered a definitive agreement to be acquired by Lumine Group for $9.00 per share in an all-cash transaction, representing a 70% premium for stockholders.
Better than expected
Capital raise

Schedule 13D - Activist Investments

B. Riley Financial, B. Riley Securities, B. Riley Principal Investments, and Bryant R. Riley have collectively reduced their beneficial ownership in Synchronoss Technologies, Inc. to below 5%.
Worse than expected

Schedule 13G - Passive Investments

Mount Logan Capital Inc. has reported a passive 7.5% beneficial ownership stake in Synchronoss Technologies, Inc. as of December 31, 2025.
Mount Logan Capital Inc. has disclosed a 7.5% beneficial ownership stake in Synchronoss Technologies, Inc. following its merger with 180 Degree Capital Corp.
BlackRock, Inc. has filed a Schedule 13G, reporting beneficial ownership of 5.2% of Synchronoss Technologies Inc.'s common stock as of June 30, 2025.
Allspring Global Investments Holdings, LLC has filed an amended Schedule 13G, disclosing a beneficial ownership of 4.7% in Synchronoss Technologies Inc., falling below the 5% reporting threshold.
The Vanguard Group has filed an amended Schedule 13G, disclosing a 3.92% passive ownership stake in Synchronoss Technologies Inc. as of December 31, 2024.