Synchronoss Added to Membership of US Small-Cap Russell 2000® Index

Rhea-AI Summary

Synchronoss Technologies (NASDAQ: SNCR), a global leader in personal cloud platforms, has been added to the US small-cap Russell 2000® Index, effective June 30, 2025. This inclusion, which lasts for one year, comes as part of the 2025 Russell indexes reconstitution and automatically includes SNCR in corresponding growth and value indexes.

The Russell indexes serve as key benchmarks for investment managers and institutional investors, with approximately $10.6 trillion in assets benchmarked against Russell US indexes as of June 2024. CEO Jeff Miller highlighted this milestone as validation of the company's strategic vision focused on delivering innovative cloud solutions for telecom and mobile operators using AI and machine learning technologies.

Positive

• Inclusion in Russell 2000® Index increases visibility to institutional investors
• Automatic addition to growth and value indexes expands market exposure
• Validates company's business strategy and market position
• Potential for increased institutional investment interest due to $10.6T in assets benchmarked against Russell indexes

Negative

• None.

News Market Reaction

-2.65%

1 alert

-2.65% News Effect

On the day this news was published, SNCR declined 2.65%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

BRIDGEWATER, N.J., May 29, 2025 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (“Synchronoss”) (NASDAQ: SNCR), a global leader and innovator in personal cloud platforms, today announced that the company was added as a member of the US small-cap Russell 2000^® Index, effective after the US market opens on June 30 as part of the 2025 Russell indexes reconstitution. Membership in the Russell 2000^® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000^® Index. The stock also was automatically added to the appropriate growth and value indexes.

"Our inclusion in the Russell 2000® Index is a tremendous validation of our team's relentless dedication and the significant progress we have made in executing our strategic vision,” said Jeff Miller, President and CEO of Synchronoss. “This important milestone not only enhances our visibility within the investment community but also reaffirms our business strategy focused on delivering innovative cloud solutions for telecom and mobile operators that leverage AI, machine learning and other core technologies.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to the data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider.

For more information on the Russell 2000^® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About Synchronoss
Synchronoss Technologies (Nasdaq: SNCR), a global leader in personal Cloud solutions, empowers service providers to establish secure and meaningful connections with their subscribers. Our SaaS Cloud platform simplifies onboarding processes and fosters subscriber engagement using artificial intelligence (AI), machine learning and other advanced features, resulting in enhanced revenue streams, reduced expenses, and faster time-to-market. Millions of subscribers trust Synchronoss to safeguard their most cherished memories and important digital content. Explore how our Cloud-focused solutions redefine the way you connect with your digital world at www.synchronoss.com.

About FTSE Russell
An LSEG Business, FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit FTSE Russell.

Media Relations Contact:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Investor Relations Contact:
Ryan Gardella
ICR INC.
ryan.gardella@icrinc.com

FAQ

What does Synchronoss (SNCR) inclusion in the Russell 2000 Index mean for investors?

The inclusion means increased visibility to institutional investors, potential for greater trading volume, and automatic inclusion in growth and value indexes. About $10.6T in assets are benchmarked against Russell US indexes.

When will Synchronoss (SNCR) join the Russell 2000 Index?

Synchronoss will be added to the Russell 2000® Index effective June 30, 2025, as part of the 2025 Russell indexes reconstitution.

How long will Synchronoss (SNCR) remain in the Russell 2000 Index?

Membership in the Russell 2000® Index remains in place for one year, based on membership in the broad-market Russell 3000® Index.

What is Synchronoss Technologies' main business focus?

Synchronoss is a global leader in personal cloud platforms, focusing on delivering innovative cloud solutions for telecom and mobile operators using AI and machine learning technologies.