Lumine Group Completes Acquisition of Synchronoss Technologies

Executive Summary

• Lumine Group, through a wholly‑owned subsidiary, has completed the purchase of Synchronoss Technologies, Inc. (Nasdaq: SNCR).
• The transaction adds Synchronoss’ Tier 1 operator‑branded personal cloud services to Lumine’s portfolio of communications and media software businesses.
• Constellation Software Inc. (TSX:CSU) is a co‑announcer of the deal, indicating its involvement or support in the transaction.

Key Details

• Acquirer: Lumine Group Inc. (TSXV: LMN), a global buy‑and‑hold acquirer of communications and media software businesses.
• Target: Synchronoss Technologies, Inc. (Nasdaq: SNCR), incorporated in 2000 with a focus on personal cloud services for telecom operators.
• Structure: Completed purchase by Lumine Group through one of its wholly‑owned subsidiaries; specific consideration amount not disclosed.
• Strategic Rationale: Adds Synchronoss’ modern, cloud‑first portfolio to Lumine’s vertical market software holdings, strengthening capabilities in Tier 1 operator‑branded personal cloud services.
• Forward‑Looking Statements: The release contains typical forward‑looking language warning of risks and uncertainties; no further obligations to update.

Notable Quotes

(No direct quotes from executives were included in the release.)