Synchronoss Technologies is a global software and services company that provides essential technologies and services for the mobile transformation of business. The Company's portfolio, which is targeted at the Consumer and Enterprise markets, contains offerings such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products, and solutions. Synchronoss' customers can simplify the processes associated with managing the customer experience for procuring, activating, connecting, backing up, synchronizing and sharing/collaborating with connected devices and contents from these devices and associated services.

Type
Public
HQ
Bridgewater, US
Founded
2000
Size (employees)
1,765 (est)-6%
Synchronoss Technologies was founded in 2000 and is headquartered in Bridgewater, US
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Key People/Management at Synchronoss Technologies

Glenn Lurie

Glenn Lurie

Chief Executive Officer
Stephen Waldis

Stephen Waldis

Founder and Chairman
Bob Garcia

Bob Garcia

Chief Commercial Officer
Lawrence Irving

Lawrence Irving

Chief Financial Officer
Mary Clark

Mary Clark

Chief Marketing Officer
Patrick Doran

Patrick Doran

Chief Technology Officer
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Synchronoss Technologies Office Locations

Synchronoss Technologies has offices in Melbourne, Torino, Chaoyang Qu, Shinjuku and in 14 other locations
Bridgewater, US (HQ)
200 Crossing Boulevard 8th Floor
Bethlehem, US
1555 Spillman Dr
Chicago, US
430 8600 W Bryn Mawr Ave
Dallas, US
700 3131 McKinney Ave
Englewood, US
9635 Maroon Cir
Fairport, US
6 N Main St
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Synchronoss Technologies Financials and Metrics

Synchronoss Technologies Financials

Synchronoss Technologies's revenue was reported to be $476.75 m in FY, 2016 which is a 17.6% decrease from the previous period.
USD

Revenue (FY, 2016)

476.8 m

Revenue growth (FY, 2015 - FY, 2016), %

(17.6%)

Gross profit (FY, 2016)

282.6 m

Gross profit margin (FY, 2016), %

59.3%

Net income (FY, 2016)

8 m

Market capitalization (11-May-2018)

332.6 m

Closing share price (11-May-2018)

7

Cash (31-Dec-2016)

181 m
Synchronoss Technologies's current market capitalization is $332.6 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

349 m457.3 m578.8 m476.8 m

Revenue growth, %

31%27%(18%)

Cost of goods sold

146.2 m184.4 m239.1 m194.2 m

Gross profit

202.8 m272.9 m339.8 m282.6 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

137.8 m150.9 m142.7 m157.6 m176.4 m

Cost of goods sold

54.9 m63.4 m68.3 m77.2 m

Gross profit

82.9 m87.4 m74.4 m99.2 m

Gross profit Margin, %

60%58%52%56%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

63.5 m236 m147.6 m181 m

Current Assets

161.6 m441.9 m406.9 m364.5 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

37.1 m47.3 m66.9 m265.6 m152.5 m176.1 m143.4 m113.1 m111 m123.3 m

Current Assets

161.5 m175.1 m195.6 m440.8 m379.4 m426.8 m404.4 m390.3 m385.6 m405.8 m

PP&E

95.8 m104.2 m102.7 m130.6 m160.3 m164.1 m168.8 m162 m167.1 m168.1 m

Goodwill

126 m137.4 m140.3 m151.1 m173.4 m175.6 m187 m310.9 m317.6 m315.2 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

23.4 m38.9 m46.7 m8 m

Depreciation and Amortization

41.1 m56 m72.2 m99.3 m

Inventories

8 m(15 m)(8.5 m)12.6 m

Accounts Payable

348 k4.2 m6.2 m(11.1 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

7.5 m7.6 m15.9 m25.3 m10.6 m25.7 m35.4 m(10.5 m)(7.3 m)4.8 m

Depreciation and Amortization

28.8 m12.3 m26 m42.3 m14.8 m31.5 m51.2 m24.1 m25.3 m24.7 m

Accounts Payable

2.7 m(3.4 m)(2.2 m)8.3 m106 k2.9 m106 k33.2 m35.2 m28.7 m

Cash From Operating Activities

33.4 m(11.4 m)19.2 m45 m(135 k)41.8 m56.4 m
USDY, 2016

Financial Leverage

1.8 x
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Synchronoss Technologies Operating Metrics

FY, 2014FY, 2015FY, 2016

Patents Issued

100 120 100

Daily Data Connections

7 m7 m

Registered Devices

65 m65 m
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Synchronoss Technologies News and Updates

Kagan: Why Sprint chose Synchronoss Technologies for transformation

The number four wireless carrier, Sprint, has selected Synchronoss Technologies to lead them in their digital transformation to help prepare for growth going forward. This is the kind of thinking every company needs to have now as going digital becomes the focus from here out. This transformation ef…
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