Synchronoss Joins Russell 2000 Index, Solidifying Position as a Leading Small-Cap SaaS Company

Company Overview - Synchronoss Technologies, Inc. has been included in the Russell 2000® Index effective June 30, 2025, marking a significant milestone for the company [1] - The company has undergone a strategic transformation to become a leading global cloud solutions provider, resulting in a more predictable and stable business model with improved profitability [2] Financial Performance - In the first quarter of 2025, Synchronoss continued to deliver strong financial performance consistent with the results seen throughout 2024 [2] - The company has transitioned to a high-margin, Cloud-only SaaS business model, which is expected to generate attractive returns for stakeholders [3] Strategic Positioning - The addition to the Russell 2000 Index is seen as recognition of the operational and strategic progress made by Synchronoss [3] - The company's SaaS Cloud platform leverages artificial intelligence and machine learning to enhance revenue streams, reduce expenses, and improve time-to-market for service providers [4]