Synchronoss Technologies, Inc. to Be Acquired by Lumine Group

Rhea-AI Summary

Synchronoss Technologies (Nasdaq: SNCR) agreed to be acquired by Lumine Group in an all-cash deal valuing the company at an implied equity value of approximately $116.4 million and an enterprise value of about $258.4 million. Shareholders will receive $9.00 per share in cash, a premium of ~70% to the December 3, 2025 closing price. The Board unanimously approved the agreement and the transaction is expected to close in the first half of 2026, subject to shareholder approval, regulatory clearance and customary conditions.

Approximately 21% of outstanding shares are committed to vote in favor; Synchronoss will be delisted from Nasdaq upon closing and is expected to remain headquartered in Bridgewater, New Jersey.

Positive

• $9.00 cash per share offered to shareholders
• Implied $116.4M equity value for the company
• Implied $258.4M enterprise value calculation
• Purchase price represents ~70% premium to Dec 3, 2025 close
• Expected close in H1 2026, providing near-term liquidity

Negative

• Synchronoss common stock will be delisted from Nasdaq on closing
• Transaction requires shareholder and regulatory approvals to close
• Purchase price may be reduced by transaction expense adjustments
• Only ~21% of shares currently committed to vote in favor

News Market Reaction

+64.34%

3 alerts

+64.34% News Effect

+$40M Valuation Impact

$102M Market Cap

0.7x Rel. Volume

On the day this news was published, SNCR gained 64.34%, reflecting a significant positive market reaction. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $40M to the company's valuation, bringing the market cap to $102M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Cash offer price: $9.00 per share Implied equity value: $116.4 million Enterprise value: $258.4 million +5 more

8 metrics

Cash offer price $9.00 per share Consideration per SNCR common share in Lumine transaction

Implied equity value $116.4 million Equity valuation for Synchronoss in acquisition

Enterprise value $258.4 million Enterprise value assigned in Lumine acquisition

Deal premium 70% Premium to Dec 3, 2025 closing price

Data stored 200 PB Data under management on Synchronoss platforms

Support commitments 21% of shares Outstanding shares pre-committed to vote for the transaction

Expected closing window First half of 2026 Target completion period for Lumine acquisition

Offer adjustment clause Purchase price reduced by transaction expenses above threshold Per-share cash consideration subject to expense adjustment

Market Reality Check

Price: $8.80 Vol: Volume 134,407 is 0.49x t...

low vol

$8.80 Last Close

Volume Volume 134,407 is 0.49x the 20-day average of 276,625, indicating subdued trading before the deal news. low

Technical Shares traded above the 200-day MA, with price at $8.57 versus a $7.37 200-day MA, reflecting a prior uptrend into the acquisition announcement.

Peers on Argus

Peer moves were mixed, with names like HUBC up 5.68% and JG, VHC, UBXG down arou...

1 Up

Peer moves were mixed, with names like HUBC up 5.68% and JG, VHC, UBXG down around 1.6–1.8%. One momentum-peer (XBP) showed a 4.56% gain without news, suggesting today’s SNCR story is stock-specific rather than a sector-wide move.

Common Catalyst Only one peer (HUBC) had news, tied to a commercial win, indicating no shared acquisition or M&A theme across the group.

Historical Context

5 past events · Latest: Dec 04 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 04	Acquisition agreement	Positive	+64.3%	All-cash buyout at <b>$9.00</b> per share with ~<b>70%</b> premium.
Nov 04	Earnings release	Positive	+1.8%	Q3 2025 profitability, strong recurring revenue and reaffirmed 2025 guidance.
Oct 21	Earnings call date	Neutral	-4.4%	Scheduling of Q3 2025 earnings call and webcast details.
Aug 11	Earnings release	Negative	-11.6%	Q2 2025 net loss and revenue decline despite reaffirmed guidance.
Jul 28	Earnings call date	Neutral	-2.7%	Announcement of Q2 2025 earnings call and investor access details.

Pattern Detected

News has generally driven aligned reactions: strong positive move on the acquisition and modest-to-large declines on weaker or neutral earnings-related items, with no clear pattern of divergence.

Recent Company History

Over the last several months, Synchronoss reported Q2 and Q3 2025 results with revenue around $42–42.5M, high recurring revenue, and a swing from prior losses to $5.8M net income in Q3. Despite reaffirmed guidance and operational improvements, shares reacted negatively to Q2 results and modestly positive to Q3. The newly announced all-cash acquisition at $9.00 per share, valuing equity at about $116.4M, marked a major strategic shift, with a strong positive price reaction of 64.34% on the day.

Market Pulse Summary

The stock surged +64.3% in the session following this news. A strong positive reaction aligns with a...

Analysis

The stock surged +64.3% in the session following this news. A strong positive reaction aligns with an all-cash acquisition at $9.00 per share, implying equity value of about $116.4M and a stated premium of 70% to the prior close. Historically, SNCR’s price moves tended to track the tone of news, with the acquisition headline already showing a 64.34% move. Investors would still need to watch for deal risks such as shareholder and regulatory approvals.

Key Terms

enterprise value, forward-looking statements, merger, proxy statement, +4 more

8 terms

enterprise value financial

"an implied equity value of approximately $116.4 million and an enterprise value of approximately $258.4 million"

Enterprise value is the total worth of a company, reflecting what it would cost to buy the entire business. It includes the company's market value plus any debts, minus its cash holdings, offering a comprehensive picture of its true value. Investors use it to compare companies regardless of their capital structures, helping them assess how much they would need to pay to acquire the business.

forward-looking statements regulatory

"This press release includes certain forward-looking statements about, among other things, the proposed acquisition"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

merger regulatory

"In connection with the proposed transaction between Lumine Group and Synchronoss (the “Merger”)"

A merger is when two companies combine into a single business, with ownership and control reorganized so they operate as one entity. For investors it matters because mergers can change the value and risk of holdings—shares may be exchanged, diluted, or rise if the combined company saves costs or gains market power, and the deal often depends on regulatory approval and successful integration like two households joining resources and routines.

proxy statement regulatory

"including a preliminary proxy statement on Schedule 14A"

A proxy statement is a document companies send to shareholders ahead of a meeting that lays out the items up for a vote—like who will sit on the board, executive pay, and major corporate decisions—and provides background so shareholders can decide how to cast their votes or appoint someone to vote for them. Think of it as an agenda plus a ballot and briefing notes, important because the outcomes can change control, strategy, and value.

schedule 14a regulatory

"including a preliminary proxy statement on Schedule 14A"

Schedule 14A is a document that companies file with regulators to share important information with shareholders before a big vote, like approving a merger or election of directors. It matters because it helps investors understand what’s happening so they can make informed decisions about the company’s future.

special meeting regulatory

"stockholder entitled to vote at the special meeting relating to the Merger"

A special meeting is a shareholder gathering called outside the regular annual meeting to decide on urgent or specific corporate matters, such as mergers, major asset sales, changes to the board, or shareholder proposals. It matters to investors because decisions made there can quickly alter a company’s strategy, ownership or value—like a sudden boardroom decision that changes the game—so shareholders may need to vote, adjust holdings, or reassess risk based on the outcome.

securities and exchange commission regulatory

"Synchronoss intends to file relevant materials with the Securities and Exchange Commission (the “SEC”)"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

solicitation of proxies regulatory

"may be deemed to be participants in the solicitation of proxies from Synchronoss’ stockholders"

Solicitation of proxies is the process by which a company or a shareholder asks other shareholders to authorize their votes on corporate matters by signing or submitting a proxy form. Think of it like asking friends to sign a permission slip on your behalf so a decision can be made without everyone attending; it matters to investors because proxy campaigns determine control of the board, approval of major deals or policies, and can signal contested management battles that affect share value and strategy.

AI-generated analysis. Not financial advice.

Synchronoss Shareholders to Receive $9.00 Per Share in Cash

Synchronoss to Become a Privately Held Company, Well Positioned to Accelerate Growth and Innovation for Customers

BRIDGEWATER, N.J., Dec. 04, 2025 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (Nasdaq: SNCR) (“Synchronoss” or the “Company”), a global leader and innovator in Personal Cloud platforms, today announced that it has entered into a definitive agreement to be acquired by Lumine Group Inc. (“Lumine Group”), a global buy-and-hold forever acquirer of communications and media software businesses, through one of its wholly-owned subsidiaries in an all-cash transaction that values the Company at an implied equity value of approximately $116.4 million and an enterprise value of approximately $258.4 million. Upon closing of the transaction, Synchronoss will become a privately held company.

Under the terms of the agreement, the Company’s shareholders will receive $9.00 per share, subject to adjustment, in cash for each share of common stock they own. The purchase price represents a premium of approximately 70% over the closing price of the Company’s shares as of December 3, 2025, the last full trading day prior to the transaction announcement.

“We are thrilled to join forces with Lumine Group in this transformative partnership” said Jeff Miller, CEO of Synchronoss. “After three years of collaboration and witnessing firsthand how our former businesses have flourished under Lumine Group's stewardship, we believe this to be the logical and correct home for our business. For our employees, we believe this will mean more opportunities within a larger organization at scale, while our customers will gain access to enhanced capabilities through Lumine Group’s diversified portfolio. Furthermore, we believe once this transaction closes, it will serve the best interest for our shareholders as it will deliver immediate, tangible value and position our Company for long-term growth, representing a tremendous opportunity to accelerate innovation, expand our market reach, and provide additional resources to drive our growth strategy. Together, we will be positioned to lead the next generation of mobile cloud storage solutions and capture a larger share of the rapidly expanding market."

Tony Garcia, COO of Lumine Group, is looking forward to welcome Synchronoss, which has over 200PB of data stored and a global footprint of millions of meaningfully engaged subscribers globally. Synchronoss will operate under its original brand to stay aligned with its target markets.

David Nyland, CEO of Lumine Group, added: “This acquisition will mark Lumine Group’s first acquisition of a public company and reinforce our mission to protect our customers’ brands and mission-critical solutions with our perpetual ownership. As with every acquisition, once the transaction closes, our first priority will be to enable a seamless transition for both customers and employees as we welcome this business to Lumine Group.”

Transaction Details
The Board of Directors of the Company unanimously approved the transaction, which is expected to close in the first half of 2026, subject to approval by the Company’s shareholders and the satisfaction of regulatory approvals and customary closing conditions. Under the terms of the definitive agreement, the $9.00 per share purchase price will be reduced by a proportionate amount of certain Company transaction expenses, if any, in excess of a certain threshold.

The holders of approximately 21% of the Company’s outstanding shares of common stock have agreed to vote all of the shares of Synchronoss common stock owned by them in favor of the transaction.

Upon completion of the transaction, the Company’s common stock will no longer be listed on the Nasdaq Stock Market. The Company is expected to remain headquartered in Bridgewater, New Jersey.

Advisors
TD Cowen is serving as exclusive financial advisor and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP is serving as legal advisor to the Company. Goodwin Procter LLP is serving as legal advisor to Lumine Group.

About Synchronoss
Synchronoss Technologies, Inc. (Nasdaq: SNCR), a global leader in personal Cloud solutions, empowers service providers to establish secure and meaningful connections with their subscribers. Synchronoss’ SaaS Cloud platform simplifies onboarding processes and fosters subscriber engagement, 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 Lumine Group
Lumine Group (TSXV: LMN) acquires, strengthens, and grows vertical market software businesses in the Communications and Media industry. Learn more at www.luminegroup.com.

For Synchronoss
Press Contact
Springboard
Domenick Cilea, President
Domenick.cilea@SpringBoardPR.com

Investor Relations Contact
ICR Inc
Ryan Gardella, Senior Vice President
Ryan.Gardella@icrinc.com

Lumine Group Media Relations Contact 
Erini Andriopoulos
Director of Marketing, Lumine Group
erini.andriopoulos@luminegroup.com

Cautionary Statement Regarding Forward-Looking Statements
This press release includes certain forward-looking statements about, among other things, the proposed acquisition of Synchronoss by Lumine Group (the “Transaction”), including financial estimates and statements as to the expected timing, completion and effects of the Transaction. These forward-looking statements are based on the Company’s current expectations, estimates and projections regarding, among other things, the expected date of closing of the Transaction and the potential benefits thereof, its business and industry, management’s beliefs and certain assumptions made by the Company, all of which are subject to change. Forward-looking statements often contain words such as “expect,” “anticipate,” “intend,” “aims,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “considered,” “potential,” “estimate,” “continue,” “likely,” “expect,” “target” or similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. By their nature, forward-looking statements address matters that involve risks and uncertainties because they relate to events and depend upon future circumstances that may or may not occur, such as the consummation of the Transaction and the anticipated benefits thereof. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: (i) the completion of the Transaction on anticipated terms and timing, including the possibility that the Company’s stockholders may not approve the Transaction and obtaining any regulatory approvals, and the satisfaction of other conditions to the completion of the Transaction; (ii) the possibility that competing offers or acquisition proposals will be made; (iii) the difficulty of predicting the timing or outcome of regulatory approvals or actions, if any; (iv) potential litigation relating to the Transaction that could be instituted against Lumine Group and Skyfall Merger Sub Inc., the Company or their respective directors, managers or officers, including the effects of any outcomes related thereto; (v) the risk that disruptions from the Transaction will harm the Company’s business, including current plans and operations; (vi) the ability of the Company to retain and hire key personnel; (vii) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the Transaction; (viii) legislative, regulatory and economic developments affecting the Company’s business; (ix) general economic and market developments and conditions; (x) potential business uncertainty, including changes to existing business relationships, during the pendency of the Transaction that could affect the Company’s financial performance; (xi) certain restrictions during the pendency of the Transaction that may impact the Company’s ability to pursue certain business opportunities or strategic transactions; (xii) unpredictability and severity of catastrophic events, including but not limited to acts of terrorism, pandemics, outbreaks of war or hostilities, as well as the Company’s response to any of the aforementioned factors; (xiii) significant transaction costs associated with the Transaction; (xiv) the possibility that the Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (xv) the occurrence of any event, change or other circumstance that could give rise to the termination of the Transaction, including in circumstances requiring the Company to pay a termination fee or other expenses; (xvi) competitive responses to the Transaction; and (xii) the risks and uncertainties pertaining to the Company’s business, including those set forth in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as such risk factors may be amended, supplemented or superseded from time to time by other reports filed by the Company with the Securities and Exchange Commission. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material impact on the Company’s financial condition, results of operations, credit rating or liquidity. These forward-looking statements speak only as of the date they are made, and the Company does not undertake to and specifically disclaims any obligation to publicly release the results of any updates or revisions to these forward-looking statements that may be made to reflect future events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Additional Information and Where to Find It
In connection with the proposed transaction between Lumine Group and Synchronoss (the “Merger”), Synchronoss intends to file relevant materials with the Securities and Exchange Commission (the “SEC”), including a preliminary proxy statement on Schedule 14A. Promptly after filing its definitive proxy statement with the SEC, Synchronoss will mail the proxy materials to each stockholder entitled to vote at the special meeting relating to the Merger. This communication is not a substitute for the proxy statement or any other document that Synchronoss may file with the SEC or send to its stockholders in connection with the proposed transaction. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS OF SYNCHRONOSS ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE MERGER THAT SYNCHRONOSS WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT SYNCHRONOSS AND THE MERGER.

The definitive proxy statement, the preliminary proxy statement and other relevant materials in connection with the Merger (when they become available), and any other documents filed by Synchronoss with the SEC, may be obtained free of charge at the SEC’s website (http://www.sec.gov) or at Synchronoss’ website (https://synchronosstechnologiesinc.gcs-web.com/) or by writing to Synchronoss’ Secretary at 200 Crossing Boulevard, 8^th Floor, Bridgewater, New Jersey 08807.

Participants in the Solicitation
Synchronoss and its directors and executive officers may be deemed to be participants in the solicitation of proxies from Synchronoss’ stockholders with respect to the Merger. Information about Synchronoss’ directors and executive officers and their ownership of Synchronoss Common Stock is set forth in the proxy statement on Schedule 14A filed with the SEC on April 29, 2025. Information regarding the identity of the potential participants, and their direct or indirect interests in the Merger, by security holdings or otherwise, will be set forth in the proxy statement and other materials to be filed with the SEC in connection with the Merger.

FAQ

What price will Synchronoss (SNCR) shareholders receive in the Lumine Group deal?

Synchronoss shareholders will receive $9.00 per share in cash, subject to adjustment for certain transaction expenses.

How much is Synchronoss (SNCR) valued at in the acquisition by Lumine Group?

The deal implies an equity value of approximately $116.4 million and an enterprise value of about $258.4 million.

When is the Synchronoss (SNCR) acquisition by Lumine Group expected to close?

The Board expects the transaction to close in the first half of 2026, subject to shareholder and regulatory approvals and customary closing conditions.

Will Synchronoss (SNCR) remain listed on Nasdaq after the Lumine Group acquisition?

No. Upon completion of the transaction, Synchronoss common stock is expected to be delisted from the Nasdaq Stock Market.

How many Synchronoss (SNCR) shares are committed to vote for the merger?

Holders of approximately 21% of outstanding Synchronoss common stock have agreed to vote their shares in favor of the transaction.

Does the $9.00 per-share price include possible reductions?

Yes. The $9.00 purchase price will be reduced proportionately for certain Company transaction expenses that exceed a specified threshold.

Will Synchronoss continue operating under its brand after the Lumine Group acquisition?

Yes. Synchronoss is expected to continue operating under its original brand and remain headquartered in Bridgewater, New Jersey.