Lumine Group Completes Acquisition of Synchronoss Technologies

Executive Summary

• Lumine Group, via 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) acted as a seller/partner in the deal, facilitating the acquisition.

Key Details

• Acquirer: Lumine Group Inc. (TSXV: LMN) – global buy‑and‑hold forever acquirer of communications and media software businesses.
• Target: Synchronoss Technologies, Inc. (Nasdaq: SNCR), a provider of personal cloud solutions to telecom operators.
• Transaction Structure: Completed purchase by Lumine Group through one of its wholly‑owned subsidiaries; specific consideration amount not disclosed in the release.
• Strategic Rationale: Adds a modern, cloud‑first portfolio anchored by Synchronoss’ Tier 1 operator‑branded personal cloud services, enhancing Lumine’s vertical market software offerings and supporting long‑term growth with communications service providers worldwide.
• Seller/Partner Involvement: Constellation Software Inc. (TSX: CSU) participated in the transaction as a partner/seller.
• Forward‑Looking Statements: The release contains standard forward‑looking language indicating that actual results may differ; Lumine Group assumes no obligation to update these statements except as required by law.

Notable Quotes

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