Lumine Group Inc. has entered into a definitive agreement to acquire Synchronoss Technologies, Inc. (Nasdaq: SNCR) in a transaction that will complete Synchronoss’ multi-year transformation and mark Lumine’s first takeover of a publicly traded company.

Under the terms of the agreement, Lumine, a subsidiary of Constellation Software and a global “buy-and-hold-forever” acquirer of communications and media software businesses, will purchase Synchronoss for $9.00 per share in cash, valuing the company at approximately $116.4 million in equity and $258.4 million in enterprise value. The deal may be adjusted if certain transaction expenses exceed an agreed threshold.

The acquisition is expected to close in the first half of 2026, pending shareholder approval, regulatory reviews, and customary closing conditions.

Synchronoss, founded in 2000, has spent more than two decades serving global telecom operators, evolving from service-activation software into a modern portfolio anchored by Tier-1 operator-branded personal cloud solutions. The company’s recent shift to a cloud-first strategy strengthened its core business and better aligned its long-term roadmap with carriers' needs.

The sale includes the company’s white-label Cloud platform, a next-generation consumer cloud offering used by millions of subscribers worldwide. Synchronoss’ cloud business currently manages over 200 petabytes of stored data.This transaction follows Lumine Group’s 2023 acquisition of Synchronoss’ Messaging and NetworkX businesses, completing the company’s multi-year effort to streamline its product set and maximize long-term value.

Synchronoss CEO Jeff Miller said the partnership with Lumine represents the culmination of three years of close collaboration: “We believe this will mean more opportunities for employees within a larger organization, while customers will gain access to enhanced capabilities across Lumine’s diversified portfolio. For shareholders, this transaction delivers immediate, tangible value and positions our company for long-term growth.”

Lumine Group COO Tony Garcia said Synchronoss’ global subscriber footprint and massive cloud storage infrastructure make it a high-value addition to the Lumine portfolio. Synchronoss will continue operating under its original brand following the closing.Lumine Group CEO David Nyland emphasized that this marks a milestone for the company:“This acquisition will be our first public-company purchase and reinforces our mission of perpetual ownership for mission-critical software. Our first priority after closing will be ensuring a seamless transition for customers and employees.”

About Lumine Group Inc.

Lumine Group Inc. acquires, strengthens, and permanently operates communications and media software businesses worldwide. As a division of Constellation Software, Lumine follows a buy-and-hold-forever strategy, focusing on mission-critical applications and long-term value creation for customers, employees, and shareholders.

About Synchronoss Technologies, Inc.

Synchronoss Technologies (Nasdaq: SNCR) provides cloud, messaging, and digital solutions for global telecommunications operators. Founded in 2000 and based in New Jersey, the company supports millions of subscribers with carrier-branded personal cloud platforms and has managed more than 200PB of stored data across its global deployments.