Synchronoss Technologies Provides Update on Strategic Alternatives Process

9/19/17

BRIDGEWATER, N.J.--(BUSINESS WIRE)--Synchronoss Technologies, Inc. (NASDAQ: SNCR), the leader in mobile cloud innovation for mobile carriers, enterprises, retailers and OEMs around the world, today provided an update on the Board of Directors’ ongoing strategic alternatives process.

The Synchronoss Board is committed to enhancing value for all shareholders and continues to explore a full range of strategic, operational and financial alternatives, which may include a sale of the Company or other transactions.

The Company remains in active discussions with Siris Capital Group and other interested parties regarding a range of potential strategic transactions. The Board will carefully consider all options and make a decision that reflects the best interest of all shareholders, although there can be no assurance as to whether or not any transaction will take place, the structure of such a transaction, or the ultimate timing.

About Synchronoss Technologies, Inc.

Synchronoss (NASDAQ: SNCR) is an innovative software company that helps both service providers and enterprises realize and execute their goals for mobile transformation now. Our simple, powerful and flexible solutions serve millions of mobile subscribers and a large portion of the Fortune 500 worldwide today. For more information, visit us at www.synchronoss.com.

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