Early Success by Mobile Operators in North America, Europe, and Asia
Pacific
BRIDGEWATER, N.J.--(BUSINESS WIRE)--Dec. 9, 2013--
Synchronoss
Technologies, Inc. (NASDAQ:SNCR), the mobile innovation leader that
provides personal cloud solutions and software-based activation for
connected devices across the globe, today announced that it has reached
10 Million Personal Cloud Subscribers throughout the world since
launching its Personal Cloud Platform this summer. Synchronoss' Personal
Cloud Platform is an industry leading personal cloud solution that
enables mobile operators to provide subscribers the ability to backup,
restore, sync and share their valuable content across smartphones,
tablets, computers and other connected devices - accessible from
anywhere at any time. In addition to our successful launch of the
Personal Cloud Platform, Synchronoss continues to grow its cloud
services across all its subscriber base, with over 60 Million
subscribers, including Network Address Book, Social Gateways, and Smart
Mobility worldwide.
“We are pleased to announce this critical and important milestone in our
first six months deploying our Personal Cloud Platform with leading
mobile operators around the world” said Stephen G. Waldis, Founder and
Chief Executive Officer of Synchronoss. “Our existing Tier One mobile
operator customers have over 1 Billion Subscribers who use smart devices
that can benefit from our Personal Cloud Software. Our ability to sign
up 10 Million Subscribers, or roughly 1% of our existing customer’s
addressable market is a milestone that is very encouraging for our
longer term plans.”
Major mobile operators around the world trust Synchronoss to help their
customers back-up and safely secure critical content, such as their
contacts, device settings, and MMS/SMS messages on their mobile devices.
This is vital in the event devices are lost, damaged, or stolen. In
addition, Synchronoss Personal Cloud software plays an essential role
for new mobile subscribers when customers choose to upgrade or transfer
critical personal content from an old device to a new device.
Synchronoss’ software is device and platform agnostic, supporting all
major devices and operating platforms such as IOS, Android and Windows,
allowing mobile subscribers to choose whatever device type they desire,
and it will simply ensure all your devices and your content stay in sync
for a superior experience.
“The cloud is becoming such a critical part of Tier One mobile
operator’s go-to-market strategy” said Biju Nair, Synchronoss’ Chief
Strategy Officer. “It’s providing them a competitive advantage by giving
their subscribers the ability to file, sync, share and restore important
user generated content as use more and more power, speed, and
applications are now available on 4G Networks around the globe. “Our
content ingest rates of data from subscribers is consuming over 20
Petabytes storage annually and we only expect that number to continue to
grow exponentially as we drive more and more adoption within our base.”
Synchronoss will also be launching its Business Cloud Software in Q1 of
2014, in which Vodafone will be the first customer in the market. When
you combine the mobile operator Small Business Market with the existing
Personal Cloud market Synchronoss supports today, the addressable market
will become exponentially larger.
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:
Web: www.synchronoss.com
Blog: http://blog.synchronoss.com
Twitter: http://twitter.com/synchronoss
Forward-looking Statements
This document may include certain "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements include, but are not limited to, plans,
objectives, expectations and intentions and other statements contained
in this press release that are not historical facts and statements
identified by words such as "expects," "anticipates," "intends,"
"plans," "believes," "seeks," "estimates," “outlook” or words of similar
meanings. These statements are based on our current beliefs or
expectations and are inherently subject to various risks and
uncertainties, including those set forth under the caption "Risk
Factors" in Synchronoss’ Annual Report on Form 10-K for the year ended
December 31, 2012 and other documents filed with the U.S. Securities and
Exchange Commission. Actual results may differ materially from these
expectations due to changes in global political, economic, business,
competitive, market and regulatory factors. Synchronoss does not
undertake any obligation to update any forward-looking statements
contained in this document as a result of new information, future events
or otherwise.
Source: Synchronoss Technologies, Inc.
Synchronoss Technologies, Inc.
Investor:
Brian Denyeau,
646-277-1251
investor@synchronoss.com
or
Media:
Stacie
Hiras, 908-547-1260
stacie.hiras@synchronoss.com