Synchronoss to deploy full suite of activation and cloud software
to more than 40 million subscribers
BRIDGEWATER, N.J.--(BUSINESS WIRE)--Oct. 5, 2015--
Synchronoss Technologies, Inc. (NASDAQ:SNCR), the mobile innovation
leader that provides cloud solutions and software-based activation for
mobile carriers, retailers and OEMs around the world, today announced
that it has been chosen by Vietnamese mobile operator Mobifone to deploy
a wide range of Synchronoss services and solutions with an estimated
total contract value to exceed $80M over the next three years and will
generate a significant return for both Mobifone and Synchronoss in this
rapidly growing market.
Synchronoss products and services will include:
-
Synchronoss Mobile Content Transfer™ device activation and content
transfer solution to easily provision subscribers with new smartphones
containing the personal content from their old device
-
Award-winning white label Synchronoss Personal Cloud™ solution to
provide subscribers with their own secure personal cloud-based back-up
and storage service for mobile data
-
Synchronoss Network Activation solution to optimize the operations and
financial performance of both the domestic and international roaming
services
It is anticipated that Mobifone will launch the new Synchronoss-powered
services to subscribers in Vietnam early in the new year, for use on the
Apple iPhone and all popular Android devices. In addition, Mobifone will
use the Synchronoss Network Activation solution as both an order gateway
and analytics source to optimize the operations and financial
performance of both the domestic and international roaming services with
immediate effect.
The Vietnamese mobile market is one of the most dynamic and fast-growing
in the Asia Pacific region. According to a June
2015 report from the General Statistics Office of Vietnam, the
country has 136.9 million mobile subscriptions, including 29.1 million
3G subscriptions - a year-on-year increase of 29.6 per cent. According
to international
research firm IDC, Vietnam is the fastest growing smartphone market in
Southeast Asia, and smartphone sales will continue to increase for at
least the next five years. As of the end of 1Q2015, Mobifone had 42m
subscribers (source: GSMA Intelligence).
Mr. Cao Duy Hai, General Director of Mobifone stated: “In line with
Mobifone's strategic vision for 2015-2020 of being a pioneer in the
development of the Vietnamese Posts and Telecommunications sector,
Mobifone is pleased to sign a master services agreement with Synchronoss
to optimize operations and to launch a branded Personal Cloud solution
in early 2016, as a bridge to connect with the customers and thereby
deploying television, retail and multimedia applications.”
“The digitization of a high-growth, developing market like Vietnam
represents an exciting opportunity for Synchronoss,” said Chris Halbard,
EVP and President International at Synchronoss. “A large number of young
and well educated subscribers are adopting smartphones for the first
time courtesy of low-cost data plans. These consumers want and expect to
access their own content and the latest mobile services on the device of
their choice. We’re thrilled to be working with Mobifone and our
regional service and distribution partner PostNet Pte. Ltd. (a joint
venture between Sovico Holdings Ltd. Of Vietnam and TWS LLC of the USA).”
The Synchronoss Personal Cloud technology is used by some of the world’s
leading mobile operators including AT&T, Verizon, Vodafone, Orange and
Singtel, to offer subscribers a branded solution to automatically
back-up, synchronize, store and protect all their personal contacts,
content and data for accessing across a range of different devices.
About Synchronoss Technologies, Inc.
Synchronoss Technologies (NASDAQ: SNCR) is the mobile innovation leader
that provides personal cloud solutions and software-based activation for
connected devices across the globe. The company’s proven and scalable
technology solutions allow customers to connect, synchronize and
activate connected devices and services that empower enterprises and
consumers to live in a connected world. For more information visit us
at: www.synchronoss.com.
The Synchronoss logo and Synchronoss are trademarks of Synchronoss
Technologies, Inc. All other trademarks are property of their respective
owners.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151005006061/en/
Source: Synchronoss Technologies, Inc.
Synchronoss Technologies, Inc.
Media:
Stacie Hiras, +1
908-674-0758
Stacie.hiras@synchronoss.com
or
Investor:
Seth
Potter, +1 646-277-1230
investor@synchronoss.com