Core Points - Synchronoss Technologies, Inc. is set to be acquired by Lumine Group Inc. in an all-cash transaction valued at approximately $116.4 million in equity and $258.4 million in enterprise value, transitioning the company to a privately held entity [1][4] - Shareholders of Synchronoss will receive $9.00 per share, representing a 70% premium over the closing price prior to the announcement [2][4] - The acquisition aims to enhance growth and innovation opportunities for Synchronoss, allowing it to leverage Lumine Group's diversified portfolio [3][4] Company Overview - Synchronoss is a global leader in personal cloud platforms, providing secure connections for service providers and millions of subscribers [7][8] - The company has over 200 petabytes of data stored and a significant global subscriber base [3] Acquisition Details - The transaction has been unanimously approved by Synchronoss's Board of Directors and is expected to close in the first half of 2026, pending shareholder and regulatory approvals [4][5] - Approximately 21% of Synchronoss's outstanding shares have been committed to vote in favor of the transaction [5] Strategic Implications - The acquisition is expected to provide immediate value to shareholders and position Synchronoss for long-term growth, enhancing its capabilities in mobile cloud storage solutions [3][4] - Lumine Group's first acquisition of a public company reinforces its mission to support customers' brands and solutions through perpetual ownership [4]