Company Grew 308% During 2004 - 2008 Period
Synchronoss Recognized as The Fastest Growing Pure Telco Software
Company
BRIDGEWATER, N.J.--(BUSINESS WIRE)--Oct. 22, 2009--
Synchronoss
Technologies, Inc. (NASDAQ: SNCR), the leading global provider of
on-demand transaction management software platforms, today announced its
inclusion in the Technology Fast 500™, Deloitte LLP’s ranking of 500 of
the fastest growing technology, media, telecommunications, life sciences
and clean technology companies in North America.
Synchronoss ranked among the top 15 fastest growing software companies
in the $100 million - $200 million revenue range. Rankings are based on
percentage of fiscal year revenue growth during the five year period
from 2004–2008. Synchronoss grew 308% percent during this period.
Furthermore, Synchronoss achieved the #1 spot in this revenue range for
pure telecommunication software companies.
“While our growth over the past five years has been led by our leading
edge technology and robust customer relationships, we are now
experiencing considerable expansion driven by the proliferation of
ubiquitous connected-devices supported by our ConvergenceNow®
Plus+ platform. This platform is quickly becoming the de facto
industry standard for connected-devices being launched pervasively by
OEMs and service providers,” said Omar
H. Tellez, executive vice president and chief marketing officer,
Synchronoss Technologies.
“Technology Fast 500™ recognizes innovative companies that have broken
down barriers to success and defied the odds with their remarkable
five-year revenue growth,” said Phil Asmundson, Vice Chairman and U.S.
Technology, Media and Telecommunications leader, Deloitte LLP. "We
congratulate Synchronoss on this accomplishment."
“With its impressive five-year growth, Synchronoss has earned its
position among the fastest growing technology, media,
telecommunications, life sciences and clean technology companies in
North America,” said Mark Jensen, Managing Partner, Technology and
Venture Capital Services, Deloitte & Touche LLP. ”Deloitte is proud to
honor Synchronoss for its achievement.”
Technology Fast 500™ Selection and Qualifying Criteria
Technology Fast 500™ provides a ranking of the fastest growing
technology, media, telecommunications, life sciences and clean
technology companies in North America. This ranking is compiled from
nominations submitted directly to the Technology Fast 500™ website, and
public company database research conducted by Deloitte. Technology Fast
500™ award winners for 2009 are selected based on percentage fiscal year
revenue growth during the five year period from 2004 to 2008.
Deloitte’s 2009 Technology Fast 500TM Media
Guidance 4
In order to be eligible for Technology Fast 500™ recognition, companies
must own proprietary intellectual property or proprietary technology
that contributes to a significant portion of the company's operating
revenues. Using other companies' technology or intellectual property in
a unique way does not satisfy this requirement. Consulting companies,
professional service firms, etc. are not eligible unless they have
proprietary technology that contributes to a significant portion of
their operating revenues.
Technology Fast 500™ award eligibility requirements also include
base-year operating revenues of at least $50,000 USD or CD, and
current-year operating revenues of at least $5 million USD or CD. These
revenues must have more than doubled between 2004 and 2008.
Additionally, companies must be in business for a minimum of five years,
and be headquartered within North America.
About Synchronoss Technologies, Inc.
Synchronoss Technologies (NASDAQ: SNCR) is the leading global provider
of on-demand transaction management software platforms. Synchronoss
automates subscriber activation, order management and service
provisioning for any device type, across any communication service, from
any channel. The company’s ConvergenceNow® and ConvergenceNow® Plus+
technology platforms automate a wide variety of transactions across
multiple delivery channels and networks, enabling service providers,
cable operators and device manufacturers to address back-office
fragmentation, growth, and changing technologies while delivering an
improved customer experience at lower costs. For more information,
please visit www.synchronoss.com.
About Deloitte
As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/about
for a detailed description of the legal structure of Deloitte LLP and
its subsidiaries.
The Synchronoss logo, Synchronoss, ConvergenceNow and ConvergenceNow
Plus+ are trademarks of Synchronoss Technologies, Inc. All other
trademarks are property of their respective owners.
Source: Synchronoss Technologies, Inc.
Synchronoss Technologies, Inc.
Media:
Stacie Hiras,
908-547-1260
stacie.hiras@synchronoss.com
or
Investor:
Tim
Dolan, 617-956-6727
investor@synchronoss.com