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Tuesday, October 17, 2017

Synchronoss Technologies (SNCR) to sell unit to Siris Capital for $1 billion

Software company
    

  




(Reuters) - Software maker Synchronoss Technologies Inc said private equity firm Siris Capital Partners would buy its Intralinks Holding unit in a deal worth about $1 billion.
Siris, Synchronoss' top shareholder, will also invest $185 million in the company in the form of convertible preferred equity.

**SNCR dropped lower by the end of the week, Fri Oct 20:


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Description

Synchronoss Technologies, Inc. is a global software and services company, which provides technologies and services for the mobile transformation of business. The Company's portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions. Its products and platforms are designed to enable multiple converged communication services to be managed across a range of distribution channels, including e-commerce, m-commerce, telesales, customer stores, indirect and other retail outlets. The Company operates in and markets their solutions and services directly through their sales organizations in North America, Europe, the Middle East and Africa (EMEA), Latin America and the Asia-Pacific region. It delivers technologies for mobile transformation to service provider and enterprise customers in regulated verticals and use cases.

Key stats and ratios

Q4 (Dec '16)2016
Net profit margin-57595.65%-13.96%
Operating margin-83488.05%-15.06%
EBITD margin-7.10%
Return on average assets-18.17%-6.12%
Return on average equity-30.60%-8.67%
Employees1,765

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