Lumine Group to Acquire Synchronoss Technologies

Executive Summary

• Lumine Group, via a wholly‑owned subsidiary, entered into a definitive agreement to acquire public company Synchronoss Technologies for an all‑cash purchase price of approximately $116.4 million (≈ $9.00 per share).
• The transaction values Synchronoss at an implied equity value of $116.4 M and an enterprise value of about $258.4 M, with expected closing in the first half of 2026 pending shareholder and regulatory approvals.
• This acquisition marks Lumine Group’s first purchase of a public company and completes its multi‑year transformation of Synchronoss, adding the white‑label Cloud platform and over 200 PB of stored data to Lumine’s portfolio.

Key Details

• Purchase Price: Approx. $116.4 million cash (based on $9.00 per share).
• Enterprise Value: Approximately $258.4 million.
• Closing Timeline: Expected in the first half of 2026, subject to shareholder approval and regulatory clearances.
• Transaction Structure: All‑cash deal; purchase price may be adjusted for Synchronoss transaction expenses exceeding a defined threshold.
• Strategic Rationale: Completes Lumine’s acquisition of Synchronoss Messaging and NetworkX (2023) and adds the white‑label Cloud platform, enhancing Lumine’s cloud‑first portfolio and market reach in communications & media software.
• Operational Impact: Synchronoss will continue operating under its own brand; retains its global footprint with millions of engaged subscribers and >200 PB of stored data.
• Leadership Statements:
• Jeff Miller (CEO, Synchronoss) highlighted the partnership as “transformative” and beneficial for shareholders, employees, and customers.
• Tony Garcia (COO, Lumine Group) emphasized the scale of data and subscriber base being added.
• David Nyland (CEO, Lumine Group) noted this is Lumine’s first public‑company acquisition and underscores its perpetual ownership model.
• Regulatory & Closing Conditions: Subject to customary closing conditions, shareholder approval, and regulatory approvals.

Notable Quotes

“We are thrilled to join forces with Lumine Group in this transformative partnership,” – Jeff Miller, CEO of 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 of Lumine Group.