Synchronoss to Buy Wisor

Synchronoss Technologies to acquire Wisor Telecom

September 11, 2008

1 Min Read

BRIDGEWATER, N.J. -- Synchronoss Technologies, Inc. (Nasdaq: SNCR), the leading software provider of electronic order management solutions to the communications services marketplace, today announced that it has agreed to acquire privately held Wisor Telecom for approximately $18 million in cash. Wisor Telecom, based in Frederick, MD, provides software and service solutions that enable its clients to manage, execute and provision their end customers with automation order accuracy.

The acquisition expands Synchronoss’ customer and technology footprint, in particular related to service provider-to-service provider automation, in addition to augmenting the company’s global R&D and operations capabilities. The addition of Wisor expands Synchronoss’ domestic and international carrier footprint, which the company believes will provide the opportunity for faster deployments of ConvergenceNow® into prospective clients and early stage accounts. The strength of Wisor’s technology solution and domain expertise has been validated by its blue chip client base, which includes Sprint, Verizon Wireless, Embarq, Time Warner Telecom, Global Crossing and British Telecom among others.

Stephen G. Waldis, President and Chief Executive Officer of Synchronoss Technologies said, “We believe our acquisition of Wisor Telecom is positive for the company, as well as our customers and shareholders. The addition of Wisor’s solution will expand Synchronoss’ technology footprint to over 90% of all major carriers in the U.S. We believe the significant expansion of our platform’s carrier integration capabilities will enable Synchronoss to drive higher automation rates in a shorter period of time for our customers.”

Synchronoss Technologies Inc. (Nasdaq: SNCR)

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