Lumine Group to acquire Synchronoss for $116.4M

Constellation Software (CNSWF) and Lumine Group (LMGIF) announced that, Lumine Group, through one of its wholly-owned subsidiaries, has entered into a definitive agreement to acquire Synchronoss Technologies (SNCR). Under the terms of the agreement, Lumine Group will acquire Synchronoss for a purchase price of approximately $116.4M which may be adjusted by a proportionate amount of certain Synchronoss transaction expenses, if any, in excess of a certain threshold. This transaction is an all-cash transaction that values the Company at an implied equity value of approximately $116.4M and an enterprise value of approximately $258.4M. is expected to close in the first half of 2026, and is subject to approval by Synchronoss’ shareholders and the satisfaction of regulatory approvals and customary closing conditions. Synchronoss, incorporated in 2000, has served global operators for more than twenty years, evolving from its origins in service activation solutions to a modern portfolio anchored by Synchronoss’ Tier 1 operator-branded personal cloud services. In recent years, Synchronoss executed a cloud-first transformation that strengthened its core business and aligned its long-term strategy with the needs of communications service providers worldwide. The transaction includes the Synchronoss white-label Cloud platform, its next-generation consumer cloud offering. This transaction will follow Lumine Group’s 2023 acquisition of the Synchronoss Messaging and NetworkX businesses and will complete Synchronoss’ multi-year transformation to streamline its portfolio and maximize long-term value.