BRIDGEWATER, N.J., Dec 2 (Bernama-GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a global leader and innovator in cloud, messaging and digital products and platforms, today announced a multi-year agreement with one of the largest global operators to deploy Synchronoss Personal Cloud to tens of millions of subscribers on its network. This agreement will contribute to Synchronoss’s financial results this quarter, as deployment preparations are underway, and transition into primarily a SaaS-based revenue model as subscribers adopt the service.
As one of the world’s top providers of mobile devices and communications services, this international customer is partnering with Synchronoss to offer an array of value-added services, including the ability to backup and manage files, photos, videos, and digital content stored on mobile phones and other devices. Thanks to the scale and market reach of this service provider, the Company estimates this customer will become one of its largest cloud deployments over the next three to five years. The rollout of the Synchronoss-powered personal cloud solution enables operators to generate new revenue opportunities, improve ARPU, and reduce churn through improved engagement.