Synchronoss Joins Russell 2000 Index, Solidifying Position as a Leading Small-Cap SaaS Company
Synchronoss Technologies (NASDAQ: SNCR), a global leader in personal cloud platforms, has announced its inclusion in the Russell 2000® Index, effective June 30, 2025. The company's addition to the index follows its successful strategic transformation into a cloud-focused SaaS business model.
According to CEO Jeff Miller, the company has established a more resilient and predictable business model following its transition to a high-margin, Cloud-only SaaS operation. The company reports maintaining strong financial performance in Q1 2025, continuing the positive trend seen throughout 2024.
Synchronoss Technologies (NASDAQ: SNCR), leader globale nelle piattaforme cloud personali, ha annunciato la sua inclusione nel Russell 2000® Index, a partire dal 30 giugno 2025. L'ingresso nell'indice segue la riuscita trasformazione strategica dell'azienda verso un modello di business SaaS focalizzato sul cloud.
Secondo il CEO Jeff Miller, l'azienda ha consolidato un modello di business più resiliente e prevedibile dopo la transizione a un'operazione SaaS esclusivamente cloud e ad alto margine. L'azienda riporta una solida performance finanziaria nel primo trimestre 2025, proseguendo la tendenza positiva registrata durante il 2024.
Synchronoss Technologies (NASDAQ: SNCR), líder mundial en plataformas de nube personal, ha anunciado su inclusión en el Russell 2000® Index, efectiva a partir del 30 de junio de 2025. La incorporación a este índice sigue a la exitosa transformación estratégica de la compañía hacia un modelo de negocio SaaS centrado en la nube.
Según el CEO Jeff Miller, la empresa ha establecido un modelo de negocio más resiliente y predecible tras su transición a una operación SaaS basada únicamente en la nube y con altos márgenes. La compañía reporta un sólido desempeño financiero en el primer trimestre de 2025, continuando la tendencia positiva observada durante 2024.
Synchronoss Technologies (NASDAQ: SNCR)는 개인 클라우드 플랫폼 분야의 글로벌 리더로서, 2025년 6월 30일부로 Russell 2000® Index에 포함되었음을 발표했습니다. 회사의 지수 편입은 클라우드 중심의 SaaS 비즈니스 모델로 성공적인 전략적 전환을 이룬 데 따른 결과입니다.
CEO 제프 밀러에 따르면, 회사는 고마진 클라우드 전용 SaaS 운영으로 전환한 후 더 견고하고 예측 가능한 비즈니스 모델을 구축했습니다. 회사는 2025년 1분기에도 강력한 재무 성과를 유지하며 2024년 내내 이어진 긍정적인 추세를 지속하고 있다고 보고했습니다.
Synchronoss Technologies (NASDAQ: SNCR), leader mondial des plateformes cloud personnelles, a annoncé son inclusion dans le Russell 2000® Index, effective à partir du 30 juin 2025. Cette intégration fait suite à la transformation stratégique réussie de l’entreprise vers un modèle SaaS axé sur le cloud.
Selon le PDG Jeff Miller, la société a mis en place un modèle d'affaires plus résilient et prévisible suite à sa transition vers une activité SaaS exclusivement cloud à forte marge. L’entreprise rapporte des performances financières solides au premier trimestre 2025, poursuivant la tendance positive observée tout au long de 2024.
Synchronoss Technologies (NASDAQ: SNCR), ein weltweit führendes Unternehmen im Bereich persönlicher Cloud-Plattformen, hat seine Aufnahme in den Russell 2000® Index bekannt gegeben, die ab dem 30. Juni 2025 wirksam wird. Die Aufnahme in den Index folgt auf die erfolgreiche strategische Transformation des Unternehmens zu einem cloudfokussierten SaaS-Geschäftsmodell.
CEO Jeff Miller erklärt, dass das Unternehmen nach dem Übergang zu einem margenstarken, rein cloudbasierten SaaS-Betrieb ein widerstandsfähigeres und besser vorhersehbares Geschäftsmodell etabliert hat. Das Unternehmen berichtet, dass es im ersten Quartal 2025 weiterhin starke finanzielle Leistungen erzielt und den positiven Trend aus dem Jahr 2024 fortsetzt.
- Inclusion in the Russell 2000® Index, increasing visibility and potential investor interest
- Successful transformation to a high-margin, Cloud-only SaaS business model
- Continued strong financial performance through Q1 2025
- None.
BRIDGEWATER, N.J., July 01, 2025 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (“Synchronoss”) (NASDAQ: SNCR), a global leader and innovator in personal cloud platforms, today announced that the company has joined the Russell 2000® Index, effective upon the U.S. market open on June 30, 2025.
Prior to its inclusion in the Russell 2000 Index, Synchronoss had completed a strategic transformation to become a leading global cloud solutions provider, resulting in a more predictable, stable business model while delivering improved profitability. In the first quarter of 2025, the Company continued to deliver strong financial performance consistent with results seen throughout 2024.
"We’re pleased to see our operational and strategic progress recognized with our addition to the Russell 2000,” said Jeff Miller, President and CEO of Synchronoss. “We believe that we have a significantly more resilient and predictable model after the conclusion of our pivot to a high-margin, Cloud-only SaaS business, and are well positioned to generate attractive returns for our stakeholders going forward.”
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
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
When did Synchronoss (SNCR) join the Russell 2000 Index?
What is Synchronoss (SNCR)'s current business focus?
How has Synchronoss (SNCR) performed financially in recent periods?
Who is the current CEO of Synchronoss (SNCR)?
