SYNCHRONOSS TECHNOLOGIES INC
synchronoss.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2025 10-Q, filed Nov 4, 2025. Its latest SEC filing is a 15-12G from Feb 23, 2026.
10-Q for Q3 FY2025, filed Nov 4, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Sells white-label personal cloud software that helps communications providers and mobile insurance companies back up, protect, and manage subscribers’ digital content.
10-K for FY2024, filed Mar 12, 2025Synchronoss Personal CloudTM is a powerful software solution that helps global network operators and mobile insurance providers drive…View ↗
At Synchronoss we focus on delivering carrier-grade solutions to three markets globally: communications service providers/multi-service…View ↗
The Synchronoss Personal CloudTM platform is a secure and highly scalable white label platform that allows our customers’ subscribers to…View ↗
How Did They Make Money?
Communications and insurance providers pay mainly for cloud subscriptions, through monthly active-user, software, hosting, storage, and support fees. Subscription contracts generally run three to five years, with charges billed monthly or over the contract term; professional services customers pay as project work is performed.
10-K for FY2024, filed Mar 12, 2025We generate most of our revenues on a subscription basis, which is derived from customer contracts with terms ranging from three to five…View ↗
Subscription revenues consist of revenues derived from the processing of transactions through the Company’s service platforms, providing…View ↗
The Company’s professional services include software development and customization. The contracts generally include project deliverables…View ↗
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10-K for FY2024, filed Mar 12, 2025
FY2024 revenue by product or service ↗
$173.6M
-
10-K for FY2024, filed Mar 12, 2025
$173.6M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Professional Services
Sold outright
|
8.3% |
Professional Services, FY2024
$14.5M Sources
|
Sold outright |
|
Transaction Services
|
0.0% |
Transaction Services, FY2024
$0 Sources
|
|
|
Subscription Services
Recurring
10-K for FY2024, filed Mar 12, 2025 |
91% |
Subscription Services, FY2024
$158.3M Sources
|
Recurring |
|
License
Sold outright
|
0.5% |
License, FY2024
$838K Sources
|
Sold outright |
Who Were Their Customers?
Communications providers and mobile insurance companies market and resell the cloud service to their subscribers, while Synchronoss also sells through direct sales, strategic partners, and customer collaborations. Retailers are also among its target markets.
10-K for FY2024, filed Mar 12, 2025At Synchronoss we focus on delivering carrier-grade solutions to three markets globally: communications service providers/multi-service…View ↗
Communications service providers, multi-service operators and mobile insurance providers market white label implementations of our…View ↗
We market our solutions through multiple channels such as our corporate website, direct sales teams across key regions (North America…View ↗
We sell our solutions, products, and services through a direct sales force, with strategic partners, and in collaboration with our…View ↗
10-K for FY2024, filed Mar 12, 2025
The Company’s top five customers accounted for 97.6%, 96.6% and 94.6% of net revenues for the years ended December 31, 2024, 2023 and 2022…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 4 cents of every revenue dollar as net income in FY2024 and turned 15 cents into free cash flow.
10-K for FY2024, filed Mar 12, 2025
$21.7MView ↗
10-K for FY2024, filed Mar 12, 2025
$6.2MView ↗
10-K for FY2024, filed Mar 12, 2025
$26.4MView ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q3 FY2025, filed Nov 5, 2025
$5.8MView ↗
- ▲ Now profitable
- vs −$5.7M in Q3 FY2024
10-Q for Q3 FY2025, filed Nov 4, 2025
Open tableView ↗
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Feb 13, 2026
Lumine Group completed its acquisition of Synchronoss
Synchronoss became a wholly owned subsidiary and its stock ceased trading on Nasdaq.
Sources
8-K, filed Feb 13, 2026
Lumine Group Completes Acquisition of Synchronoss TechnologiesView ↗
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Dec 4, 2025
Synchronoss agreed to be acquired by Lumine Group
Shareholders were to receive $9.00 per share in cash, subject to adjustment.
Sources
8-K, filed Dec 4, 2025
Under the terms of the Merger Agreement, at the Effective Time of the Merger (the “Effective Time”), each share of common stock, par value…View ↗
Shrank. Revenue fell 40% in 4 years, from $291.7M in FY2020 to $173.6M in FY2024, about 12% a year.
Cloud-only focus
The latest report describes a Personal Cloud business and says the company sold its Messaging and NetworkX businesses. The older report covered cloud, messaging, digital experience, onboarding, and network management products.
10-K for FY2021, filed Mar 15, 2022Synchronoss is a leading provider of white label cloud, messaging, digital and network management solutions that enable our customers to…View ↗
ENGAGE: Personal Cloud: Backup, manage and engage with content. Advanced Messaging: multi-channel messaging, peer-to-peer (“P2P”)…View ↗
Synchronoss’ Messaging Platform powers mobile messaging and mailboxes for hundreds of millions of telecommunication subscribers. Our…View ↗
Who Did They Compete With?
Competes with Apple, Google, Dropbox, Box, Microsoft, Amazon, and Funambol
10-K for FY2024, filed Mar 12, 2025OTT Service & Platform Providers - Apple, Google, Dropbox, Box, Microsoft and Amazon all provide personal cloud services closely integrated…View ↗
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