Lumine Group Completes Acquisition of Synchronoss Technologies

Executive Summary

• Lumine Group, via a wholly‑owned subsidiary, has completed the acquisition of Synchronoss Technologies, Inc. (“Synchronoss”).
• The transaction adds Synchronoss’ Tier 1 operator‑branded personal cloud services to Lumine’s portfolio of communications and media software businesses.
• Constellation Software Inc. is disclosed as a party to the announcement (likely a shareholder or partner), underscoring the strategic significance of the deal.

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 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: Synchronoss’ recent “cloud‑first” transformation aligns with Lumine’s focus on communications service providers, expanding Lumine’s cloud‑based SaaS offerings and strengthening its Tier 1 operator relationships.
• Operational Highlights of Synchronoss: Over 20 years serving global operators; portfolio now anchored by personal cloud services that enable secure subscriber connections, faster onboarding, and new revenue streams for carriers.
• Forward‑Looking Statements: The release contains standard forward‑looking language warning that actual results may differ; Lumine Group assumes no obligation to update such statements except as required by law.

Notable Quotes

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