Lumine Group Completes Acquisition of Synchronoss Technologies

Executive Summary

• Lumine Group, via a wholly‑owned subsidiary, has completed the purchase of Synchronoss Technologies, Inc. (“Synchronoss”).
• The transaction adds a Tier 1 operator‑branded personal cloud services business to Lumine’s communications and media software portfolio.
• Constellation Software Inc. is disclosed as a party to the announcement, indicating its involvement in the broader corporate structure.

Key Details

• Acquirer: Lumine Group Inc. (TSXV: LMN) – a global buy‑and‑hold forever acquirer of communications and media software businesses.
• Target: Synchronoss Technologies, Inc. (Nasdaq: SNCR), incorporated in 2000, provider of personal cloud services to global operators.
• Transaction Structure: Completed purchase by Lumine Group through one of its wholly‑owned subsidiaries; specific consideration amount not disclosed.
• Strategic Rationale: Enhances Lumine’s portfolio with a modern, cloud‑first platform that aligns with the needs of communications service providers and expands its SaaS Cloud capabilities.
• Operational Highlights of Synchronoss: Serves global operators, evolved from service activation to Tier 1 operator‑branded personal cloud services; offers SaaS Cloud platform for onboarding, subscriber engagement, revenue growth, cost reduction, and faster time‑to‑market.
• Forward‑Looking Statements: Included standard disclaimer noting risks and uncertainties associated with forward‑looking information.

Notable Quotes

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