OverviewSuggest Edit

Synchronoss Technologies is a software and services company that provides technologies and services for the mobile transformation of business. Its offerings include personal cloud, secure-mobility, identity management, and messaging platforms, products, and solutions. Synchronoss' users can manage the customer experience for procuring, activating, connecting, backing up, synchronizing, and sharing and collaborating with connected devices and contents from these devices and associated services.
TypePublic
Founded2000
HQBridgewater, NJ, US
Websitesynchronoss.com
Employee Ratings3.8
Overall CultureB

Latest Updates

Employees (est.) (Dec 2020)1,598(-3%)
Job Openings40
Revenue (FY, 2020)$291.7 M(-5%)
Share Price (Sept 2021)$2.4(-2%)
Cybersecurity ratingBMore

Key People/Management at Synchronoss Technologies

Stephen Waldis

Stephen Waldis

Founder and Executive Chairman of the Board
Jeff Miller

Jeff Miller

President and Chief Executive Officer
David Clark

David Clark

CFO
Chris Hill

Chris Hill

EVP, Product, Sales and Marketing
Patrick Doran

Patrick Doran

Chief Technology Officer
Ronald Prague

Ronald Prague

Chief Legal Officer
Show more

Synchronoss Technologies Office Locations

Synchronoss Technologies has offices in Bridgewater, Phoenix, Reston, Melbourne and in 5 other locations
Bridgewater, NJ, US (HQ)
200 Crossing Blvd 8th Floor
Phoenix, AZ, US
4020 E Indian School Rd
Reston, VA, US
12001 Sunrise Valley Dr #305
Melbourne, AU
Level 27 459 Collins Street
Berlin, DE
Schillerstraße 4/5. OG
Bengaluru, IN
Subramanya Arcade 6th & 7th Floor Tower B, No.12, Bannerghatta Road
Show all (9)

Synchronoss Technologies Financials and Metrics

Synchronoss Technologies Revenue

Synchronoss Technologies's revenue was reported to be $291.67 m in FY, 2020
USD

Revenue (Q1, 2021)

65.5m

Gross profit (Q1, 2021)

36.9m

Gross profit margin (Q1, 2021), %

56.3%

Net income (Q1, 2021)

(12.4m)

EBIT (Q1, 2021)

(9.0m)

Market capitalization (14-Sept-2021)

104.7m

Closing stock price (14-Sept-2021)

2.4

Cash (31-Mar-2021)

29.8m

EV

126.7m
Synchronoss Technologies's current market capitalization is $104.7 m.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

402.4m325.8m308.7m291.7m

Revenue growth, %

(19%)(5%)

Cost of goods sold

181.5m158.8m150.4m

Gross profit

220.9m167.0m158.3m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Revenue

83.7m76.7m83.3m88.1m77.8m52.2m77.1m76.5m65.5m

Cost of goods sold

44.5m39.5m43.7m39.0m33.4m35.6m35.5m29.5m28.6m

Gross profit

39.2m37.2m39.6m49.2m44.4m16.6m41.7m47.1m36.9m

Gross profit Margin, %

47%48%48%56%57%32%54%61%56%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

156.3m103.8m39.0m33.7m

Accounts Receivable

78.2m102.8m65.9m47.8m

Prepaid Expenses

43.6m45.1m33.2m39.8m

Current Assets

371.0m294.5m142.9m121.4m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(194.2m)(245.3m)(103.5m)(10.4m)

Depreciation and Amortization

93.9m97.1m77.0m

Accounts Payable

(9.1m)6.8m8.9m(7.1m)

Cash From Operating Activities

(18.2m)(31.4m)32.6m(564.0k)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Net Income

(38.0m)(79.2m)(125.9m)(19.7m)(36.3m)(97.5m)(3.3m)(4.0m)(12.4m)

Depreciation and Amortization

23.3m46.7m70.3m20.1m40.4m58.9m11.4m21.6m9.9m

Accounts Payable

8.6m8.1m8.2m6.1m5.2m2.6m7.5m3.5m3.8m

Cash From Operating Activities

(9.4m)(71.4m)(60.7m)(5.7m)18.6m11.8m(15.0m)1.6m2.3m
USDFY, 2017

Revenue/Employee

281.8k

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.1 x
Show all financial metrics

Synchronoss Technologies Operating Metrics

FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019Oct, 2020

Patents Issued

100120100

Daily Data Connections

7 m7 m4 m4 m4 m

Patents (US)

50

Registered Devices

65 m65 m95 m95 m95 m
Show all operating metrics

Synchronoss Technologies Acquisitions / Subsidiaries

Company NameDateDeal Size
Openwave MessagingMarch 31, 2016
RazorsightNovember 06, 2015
YounitedFebruary 04, 2015$60 m
VoxmobiliJuly 14, 2014$26 m
SpeechCycleJuly 10, 2012
MiyowaJanuary 05, 2012$59 m
FusionOneJuly 07, 2010$75 m
Wisor TelecomSeptember 10, 2008

Synchronoss Technologies Revenue Breakdown

Embed Graph

Synchronoss Technologies revenue breakdown by business segment: 52.7% from Cloud, 17.4% from Digital and 29.9% from Messaging

Synchronoss Technologies revenue breakdown by geographic segment: 75.2% from Americas, 15.9% from APAC and 8.9% from EMEA

Synchronoss Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

Synchronoss Technologies Online and Social Media Presence

Embed Graph

Synchronoss Technologies Company Culture

  • Overall Culture

    B

    71/100

  • CEO Rating

    B

    71/100

  • Compensation

    C+

    68/100

Learn more on Comparably

Synchronoss Technologies News and Updates

Synchronoss Technologies, Inc. 宣佈公開發行 1.25 億美元優先票據的定價

新澤西州布里奇沃特, June 29, 2021 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (SNCR) (「公司」或「Synchronoss」)是雲端、訊息和數碼產品及平台的全球領導者和創新者,今天宣佈對 2026 年到期、本金總額為 8.375% 優先票據的 1.25 億美元的承銷公開發行定價,包括承銷商全面行使承銷商購買額外 500 萬美元的優先票據本金總額的選擇權。本次發行預計於 2021 年 6 月 30 日或前後完成,並須符合慣例成交條件。

Synchronoss Technologies, Inc.宣布公开发行1.25亿美元优先票据

新泽西布里奇沃特, June 29, 2021 (GLOBE NEWSWIRE) -- 云技术、消息推送以及数字产品和平台领域的全球领先和创新企业Synchronoss Technologies, Inc.(SNCR,下称“公司”或“Synchronoss”)今天宣布,对2026年到期的公开发行承销1.25亿美元总本金的8.375%优先票据已确定其价格,其中包括承销商全额行使其额外购买500万美元总本金优先票据的选择权。此次发行预计将于2021年6月30日完成,同时须满足常规成交条件。

Synchronoss Technologies, 1억2,000만 달러 규모 선순위채권 공모가 책정

미국 뉴저지주 브리지워터, June 29, 2021 (GLOBE NEWSWIRE) -- 클라우드, 메시징, 디지털 상품 및 플랫폼 분야 혁신 기업인 Synchronoss Technologies, Inc. (SNCR)는 총 원금 금액 1억2,500만 달러 규모 2026년 만기 8.375% 선순위채권 가격을 책정했다고 밝혔다. 또한 총 원금 금액 총 500만 달러 상당의 추가 선순위채권을 추가로 매입할 수 있는 옵션을 완전히 행사할 권리를 인수자에게 부여한다. 이번 공모는 2021년 6월 30일 마감될 예정이며 계약 청산 조건 및 …

Synchronoss Technologies, Inc. 宣佈公開發行 1 億美元普通股的定價

新澤西州布里奇沃特, June 28, 2021 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (SNCR)(「公司」或「Synchronoss」)是雲端、訊息和數碼產品及平台的全球領導者與創新者,今天宣佈其 38,461,538 股普通股的承銷公開發行定價,其公開發行價格為每股 2.60 美元。在扣除承銷折扣、佣金及 Synchronoss 應付的發行費用前,此次發行的總收益預計為 1 億美元。此外,Synchronoss 將授予承銷商 30 天的選擇權,以公開發行價格購買最多額外的 3,846,154 萬股普通股,再扣除承銷折扣和…

Synchronoss Technologies, Inc.宣布公开发行1亿美元普通股

新泽西布里奇沃特, June 28, 2021 (GLOBE NEWSWIRE) -- 云技术、消息推送以及数字产品和平台领域的全球领先公司、创新企业Synchronoss Technologies, Inc.(SNCR)(以下简称为“公司”或“Synchronoss”)今天宣布,以每股2.60美元的发行价公开发行38461538股普通股。在扣除Synchronoss应支付的承销折扣、佣金和其他优惠费用前,此次发行的总收益预计达1亿美元。此外,Synchronoss还授予承销商30天的选择权,以公开发行价格减去承销折扣和佣金的价格额外购买至多3846154股普通股。

Synchronoss Technologies, Inc, 1억 달러 규모 보통주 공모가 책정

미국 뉴저지주 브리지워터, June 28, 2021 (GLOBE NEWSWIRE) -- 클라우드, 메시징, 디지털 상품 및 플랫폼 분야 혁신 기업인 Synchronoss Technologies, Inc. (SNCR)는 총 38,461,538주 규모의 보통주에 대한 공모 가격을 주당 2.60달러로 책정했다고 발표했다. 인수 디스카운트, Synchronoss가 부담하는 수수료 및 공모 비용을 제한 공모 총수익금은 1억 달러가 될 것으로 예상된다. Synchronoss는 또한 유가증권 인수자에게 유가증권 인수 디스카운트와 수수료 없이…
Show more

Synchronoss Technologies Blogs

Synchronoss Reports Second Quarter Revenue of $71.5 Million and Adjusted EBITDA of $13.3 Million, Up 15% Year Over Year

Recent Recapitalization Provides Flexibility To Support Long-Term Profitable Growth BRIDGEWATER, N.J., Aug. 09, 2021 (GLOBE NEWSWIRE) -- Synchronoss Technologies Inc. (NASDAQ: SNCR), a global leader and innovator in cloud, messaging, and digital solutions, today announced financial results for its

Christina Gabrys

Christina Gabrys kevindavis Tue, 07/27/2021 - 18:56 Christina Gabrys Chief Legal Officer Christina serves as Chief Legal Officer of Synchronoss. She has been with Synchronoss since 2016, serving as the Chief Compliance Officer and Assista…

Synchronoss Reports First Quarter Adjusted EBITDA of $5.5 Million, a 215% Increase Year Over Year; Increases Adjusted EBITDA Guidance for Full Year 2021

BRIDGEWATER, N.J., May 10, 2021 (GLOBE NEWSWIRE) -- Synchronoss Technologies Inc. (NASDAQ: SNCR), a global leader and innovator in cloud, messaging, and digital platforms and products, today announced financial results for its first quarter ended March 31, 2021.

Synchronoss Personal Cloud Solution Selected for Integration into Allstate Protection Plans Consumer Device Protection Offering

Ability to safeguard both devices and content grows customer loyalty and fortifies customer relationships BRIDGEWATER, N.J. , March 30, 2021 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc.  (NASDAQ: SNCR), a global leader and innovator of cloud, messaging and digital solutions, today

Synchronoss to Participate in 33rd Annual ROTH Conference

Synchronoss to Participate in 33rd Annual ROTH Conference Content Import Wed, 03/10/2021 - 16:06 Synchronoss to Participate in 33rd Annual ROTH Conference March 10, 2021 This release is a backfill from a News Wire General BRIDGEWATER…

Chris Hill

Chris Hill Reynally.Merca… Mon, 02/22/2021 - 12:37 Chris Hill Executive Vice President, Product Chris Hill has been with Synchronoss since January of 2018 and serves as Executive Vice President with responsibility for all global commerci…
Show more

Synchronoss Technologies Frequently Asked Questions

  • When was Synchronoss Technologies founded?

    Synchronoss Technologies was founded in 2000.

  • Who are Synchronoss Technologies key executives?

    Synchronoss Technologies's key executives are Stephen Waldis, Jeff Miller and David Clark.

  • How many employees does Synchronoss Technologies have?

    Synchronoss Technologies has 1,598 employees.

  • What is Synchronoss Technologies revenue?

    Latest Synchronoss Technologies annual revenue is $291.7 m.

  • What is Synchronoss Technologies revenue per employee?

    Latest Synchronoss Technologies revenue per employee is $182.5 k.

  • Who are Synchronoss Technologies competitors?

    Competitors of Synchronoss Technologies include Five9, j2 Global and Nutanix.

  • Where is Synchronoss Technologies headquarters?

    Synchronoss Technologies headquarters is located at 200 Crossing Blvd 8th Floor, Bridgewater.

  • Where are Synchronoss Technologies offices?

    Synchronoss Technologies has offices in Bridgewater, Phoenix, Reston, Melbourne and in 5 other locations.

  • How many offices does Synchronoss Technologies have?

    Synchronoss Technologies has 9 offices.