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 Ratings3.6
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2019)1,659(+17%)
Revenue (FY, 2019)$308.7 M(-5%)
Share Price (Mar 2021)$4.6 (+5%)
Cybersecurity ratingAMore

Key People/Management at Synchronoss Technologies

Stephen Waldis

Stephen Waldis

Founder and Executive Chairman of the Board
William Cadogan

William Cadogan

Director
Thomas Hopkins

Thomas Hopkins

Director
David Clark

David Clark

CFO
Laurie Harris

Laurie Harris

Director
Frank Baker

Frank Baker

Director
Show more

Synchronoss Technologies Office Locations

Synchronoss Technologies has offices in Bridgewater, Englewood, Phoenix, Reston and in 6 other locations
Bridgewater, NJ, US (HQ)
200 Crossing Blvd 8th Floor
Englewood, CO, US
9635 Maroon Cir
Phoenix, AZ, US
4020 E Indian School Rd
Reston, VA, US
12001 Sunrise Valley Dr #305
Melbourne, AU
25 459 Collins St
Paris, FR
36 Rue Brunel
Show all (10)

Synchronoss Technologies Financials and Metrics

Synchronoss Technologies Revenue

Embed Graph
View revenue for all periods
Synchronoss Technologies's revenue was reported to be $308.75 m in FY, 2019 which is a 5.2% decrease from the previous period.
USD

Revenue (Q2, 2020)

76.5m

Gross profit (Q2, 2020)

47.1m

Gross profit margin (Q2, 2020), %

61.5%

Net income (Q2, 2020)

(694.0k)

EBIT (Q2, 2020)

(11.5m)

Market capitalization (1-Mar-2021)

203.3m

Closing stock price (1-Mar-2021)

4.6

Cash (30-Jun-2020)

42.8m

EV

224.1m
Synchronoss Technologies's current market capitalization is $203.3 m.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

402.4m325.8m308.7m

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, 2020

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

156.3m103.8m39.0m

Accounts Receivable

78.2m102.8m65.9m

Prepaid Expenses

43.6m45.1m33.2m

Current Assets

371.0m294.5m142.9m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

310.4m222.8m222.4m88.8m34.2m19.2m30.9m42.8m

Accounts Receivable

42.0m51.4m52.6m108.9m99.9m73.6m60.8m57.3m

Prepaid Expenses

34.8m57.4m46.9m41.9m28.5m17.1m43.9m47.9m

Current Assets

390.6m340.5m347.5m270.9m217.5m115.7m135.6m148.0m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

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

Depreciation and Amortization

93.9m97.1m77.0m

Accounts Payable

(9.1m)6.8m8.9m

Cash From Operating Activities

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

Net Income

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

Depreciation and Amortization

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

Accounts Payable

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

Cash From Operating Activities

(9.4m)(71.4m)(60.7m)(5.7m)18.6m11.8m(15.0m)1.6m
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

100 120 100

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

A

90/100

SecurityScorecard logo

Synchronoss Technologies Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Synchronoss Technologies Online and Social Media Presence

Embed Graph

Synchronoss Technologies Company Culture

  • Overall Culture

    C+

    70/100

  • CEO Rating

    C+

    70/100

  • Compensation

    C+

    68/100

Learn more on Comparably

Synchronoss Technologies News and Updates

Synchronoss Technologies to Report Third Quarter 2020 Financial Results on November 9, 2020

BRIDGEWATER, N.J., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Synchronoss Technologies Inc. (NASDAQ: SNCR), a global leader and innovator in cloud, messaging, digital and IoT platforms and products, today announced that it will release its financial results for the third quarter ended September 30, 2020 on…

Multi-Billion Dollar Operator Personal Cloud Opportunity Revealed by Synchronoss with Arthur D. Little

Synchronoss Technologies (NASDAQ: SNCR) and Arthur D. Little reveal new analysis detailing that the total addressable market for personal cloud services will reach $8.9 billion by 2025 in the United States alone. The three key drivers of this trend are growth in mobile data generation and storage re…

Pomerantz Law Firm Investigates Claims On Behalf of Investors of Synchronoss Technologies, Inc. - SNCR

Pomerantz LLP is investigating claims on behalf of investors of Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (NASDAQ: SNCR). Such investors are advised to contact Robert S. Willoughby at

Synchronoss Technologies Engages MKR Investor Relations, Inc.

Synchronoss Technologies, Inc. (NASDAQ: SNCR), a global leader and innovator in cloud, messaging, digital and IoT platforms and products, today announced that it has engaged MKR Investor Relations, Inc. (“MKR”) to assist with its investor relations program and support efforts to broaden visibility w…

Bragar Eagel & Squire, P.C. is Investigating Synchronoss Technologies, Inc. on Behalf of Synchronoss Stockholders and Encourages Investors to Contact the Firm

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Synchronoss Technologies, Inc. (NASDAQ: SNCR) on behalf of Synchronoss stockholders. Our investigation concerns whether Synchronoss has violated the federal securities laws…

Synchronoss Technologies, Inc. Reports Inducement Grants to Employees Under Nasdaq Listing Rule 5635(c)(4)

Synchronoss Technologies, Inc. (SNCR) (the “Company” or “Synchronoss”), a global leader and innovator in cloud, messaging, digital, and IoT products and platforms, today announced that the Company issued restricted stock and stock option awards to nine newly hired employees. Each of these grants was…
Show more

Synchronoss Technologies Blogs

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…

Synchronoss Technologies Reports 40% Increase Year Over Year in Third Quarter Adjusted EBITDA; Raises Adjusted EBITDA Guidance For Full Year 2020

Synchronoss Technologies Reports 40% Increase Year Over Year in Third Quarter Adjusted EBITDA; Raises Adjusted EBITDA Guidance For Full Year 2020 Content Import Mon, 11/09/2020 - 16:08 Synchronoss Technologies Reports 40% Increase Year Over Year in Third Quarter Adjusted EBITDA; Raises Adj…

Multi-Billion Dollar Operator Personal Cloud Opportunity Revealed by Synchronoss with Arthur D. Little

Market dynamics creating inflection point for operator personal cloud revenue growth potential BRIDGEWATER, N.J. , Oct. 20, 2020 (GLOBE NEWSWIRE) -- Synchronoss Technologies (NASDAQ: SNCR) and Arthur D. Little reveal new analysis detailing that the total addressable market for personal cloud

Synchronoss Technologies Engages MKR Investor Relations, Inc.

Synchronoss Technologies Engages MKR Investor Relations, Inc. Content Import Tue, 10/06/2020 - 16:06 Synchronoss Technologies Engages MKR Investor Relations, Inc. 10/06/20 This release is a backfill from a News Wire General BRIDGEWATE…

Synchronoss Technologies Appoints Jeff Miller Interim President and Chief Executive Officer

BRIDGEWATER, N.J. , Sept. 21, 2020 (GLOBE NEWSWIRE) -- Synchronoss Technologies , Inc. (NASDAQ: SNCR), a global leader and innovator of cloud, messaging, digital and IoT products, today announced that its Board of Directors has appointed Jeff Miller as interim President and Chief Executive Officer,

Jeff Miller

Jeff Miller Reynally.Merca… Mon, 09/21/2020 - 16:04 Jeff Miller Interim President, Chief Executive Officer & Chief Commercial Officer Jeff Miller serves as Interim President, Chief Executive Officer & Chief Commercial Officer of…
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, William Cadogan and Thomas Hopkins.

  • How many employees does Synchronoss Technologies have?

    Synchronoss Technologies has 1,659 employees.

  • What is Synchronoss Technologies revenue?

    Latest Synchronoss Technologies annual revenue is $308.7 m.

  • What is Synchronoss Technologies revenue per employee?

    Latest Synchronoss Technologies revenue per employee is $186.1 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, Englewood, Phoenix, Reston and in 6 other locations.

  • How many offices does Synchronoss Technologies have?

    Synchronoss Technologies has 10 offices.