As a year dominated by acquisitions in the mobile space rolls into its second half, Synchronoss Technologies is joining the acquisition frenzy with its announcement this week that the company will scoop up FusionOne for $40 Million.
Synchronoss, a provider of on-demand transaction management software platforms, sees a lot of potential in the privately-held FusionOne, Inc., a respected leader in mobile content transfer and synchronization technology. A match made in mobile heaven, the deal is expected to close before the end of the month.
Stephen G. Waldis, President and Chief Executive Officer of Synchronoss, says: “As connected devices continue to become a more important part of everyday life for consumers and business professionals, OEMs and carriers need to address the challenge of mobile content transfer and synchronization at the point of activation in order to retain and grow their subscriber base and revenue streams.”
“The combination of FusionOne’s capabilities with Synchronoss’ industry leading ConvergenceNow Plus+ platform creates the most comprehensive and powerful mobility customer experience available in the market,” he adds.
In a nutshell, FusionOne is a fairly accomplished force in mobile content transfer and synchronization software enabling end users the ability to make their content “truly mobile” across different types of devices. And according to Synchronoss, the acquisition makes sense for a number of reasons, as outlined in the company’s official statement regarding the acquisition.
Among the possibilities cited, Synchronoss says the purchase of FusionOne will help with the acceleration of Synchronoss’ overall connected devices growth strategy, the advancement of Synchronoss’ customer diversification efforts, and a synergistic extension to Synchronoss’ value proposition to OEMs and carriers.
