Synchronoss Technologies, Inc., a Bridgewater-based global leader and innovator in personal cloud platforms, announced that it has entered into a definitive agreement to be acquired by Lumine Group Inc., a global buy-and-hold forever acquirer of communications and media software businesses.
The acquisition is made through one of Lumine Group’s wholly owned subsidiaries in an all-cash transaction, valuing the company at an implied equity value of approximately $116.4 million and an enterprise value of approximately $258.4 million.
“We are thrilled to join forces with Lumine Group in this transformative partnership,” said Jeff Miller, CEO of Synchronoss. “After three years of collaboration and witnessing firsthand how our former businesses have flourished under Lumine Group’s stewardship, we believe this to be the logical and correct home for our business.
“For our employees, we believe this will mean more opportunities within a larger organization at scale, while our customers will gain access to enhanced capabilities through Lumine Group’s diversified portfolio.”
Synchronoss has over 200PB of stored data and a global footprint of millions of meaningfully engaged subscribers globally. Synchronoss will operate under its original brand to stay aligned with its target markets.
“This acquisition will mark Lumine Group’s first acquisition of a public company and reinforce our mission to protect our customers’ brands and mission-critical solutions with our perpetual ownership,” said David Nyland, CEO of Lumine Group.
“As with every acquisition, once the transaction closes, our first priority will be to enable a seamless transition for both customers and employees as we welcome this business to Lumine Group.”
The transaction is expected to close in the first half of 2026. Upon closing of the transaction, Synchronoss will become a privately held company. The company is expected to remain headquartered in Bridgewater.
