Synchronoss Technologies, Inc. to Be Acquired by Lumine Group

Executive Summary

• Synchronoss Technologies, Inc. entered into a definitive all‑cash acquisition agreement with Lumine Group Inc., valuing the company at an implied equity value of approximately $116.4 million (enterprise value ≈ $258.4 million).
• Shareholders will receive $9.00 per share in cash, representing roughly a 70% premium to the prior closing price.
• The transaction is expected to close in the first half of 2026, after shareholder and regulatory approvals; upon closing Synchronoss will become a privately held company and its Nasdaq listing will be delisted.

Key Details

• Purchase Price: $9.00 per share (subject to adjustment for certain transaction expenses).
• Valuation: Implied equity value ≈ $116.4 M; enterprise value ≈ $258.4 M.
• Premium: ~70% over the closing price on December 3, 2025.
• Closing Timeline: Expected in H1 2026, contingent on shareholder approval and customary regulatory approvals.
• Shareholder Vote: Approximately 21% of outstanding shares have already agreed to vote in favor of the transaction.
• Post‑Transaction Structure: Synchronoss will operate under its existing brand as a subsidiary of Lumine Group; headquarters remain in Bridgewater, New Jersey.
• Advisors:
• Financial Advisor – TD Cowen (Synchronoss)
• Legal Advisors – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP (Synchronoss); Goodwin Procter LLP (Lumine Group)
• Management Comments:
• Jeff Miller, CEO of Synchronoss: Emphasized strategic fit and growth opportunities for employees and customers.
• Tony Garcia, COO of Lumine Group: Highlighted Synchronoss’s data storage scale (200 PB) and global subscriber base.
• David Nyland, CEO of Lumine Group: Noted this as Lumine’s first public‑company acquisition and its commitment to perpetual ownership.

Notable Quotes

• “We are thrilled to join forces with Lumine Group in this transformative partnership… it will deliver immediate, tangible value and position our Company for long‑term growth.” – Jeff Miller, CEO, Synchronoss
• “This acquisition will mark Lumine Group’s first acquisition of a public company and reinforce our mission to protect our customers’ brands and mission‑critical solutions with our perpetual ownership.” – David Nyland, CEO, Lumine Group