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Synchronoss Announces Contract Renewal with Verizon

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Synchronoss Technologies (NASDAQ: SNCR) has renewed its agreement with Verizon to provide its White-Label Personal Cloud Platform. This extension aims to enhance Verizon's cloud storage services, allowing users to securely store and access personal digital content like photos and videos. The platform offers features such as automated backups, content tagging, and customizable album sharing. Both companies expressed confidence in their partnership, focusing on privacy and user accessibility. Synchronoss continues to innovate in cloud and IoT services, supporting millions of subscribers globally.

Positive
  • Renewed agreement with Verizon enhances cloud storage offerings.
  • Partnership allows for advanced features like automated backups and content tagging.
  • Strengthens Synchronoss's position in cloud and IoT markets.
Negative
  • None.

BRIDGEWATER, N.J., Aug. 10, 2020 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (NASDAQ: SNCR), a global leader and innovator of cloud, messaging, digital and IoT platforms, today announced it has secured a renewal to its agreement to provide Verizon with its White-Label Personal Cloud Platform. The deal will enable Verizon to provide secure, easy-to-use cloud storage for customers and safely protect their valuable personal digital content, including photos, videos and messages.

“We are thrilled to further extend our long-standing relationship with Verizon to help deliver a successful, much-desired personal cloud service to its customers for many years to come,” said Glenn Lurie, President and CEO at Synchronoss. “Today’s devices are a key repository for much of our digital content, from family photos and videos to contacts, documents, text messages and more.”

Ronan Dunne, Executive Vice President and CEO of Verizon Consumer Group, added, “Our subscribers have a high level of trust and confidence in our ability to protect their privacy, safeguard their information while also providing them access to their personal data whenever and wherever they want it. Our partnership with Synchronoss helps us to continue to meet those needs through the feature-rich Verizon Cloud that backs up and syncs content among multiple devices.”

The White-Label Synchronoss Personal Cloud Platform includes the ability to automatically set content backup based on a subscriber’s personal preferences, as well as tag and search content for quick and easy access, view photos in flashback or story format, and share and print customizable albums to be enjoyed with friends and family. The new agreement also will give Verizon the ability to extend its personal cloud offering into other areas of subscribers’ daily lives, including backup and protection of other types of data and other devices.

About Synchronoss Technologies, Inc.
Synchronoss (NASDAQ: SNCR) transforms the way companies create new revenue, reduce costs and delight their subscribers with cloud, messaging, digital and IoT products and platforms supporting hundreds of millions of subscribers across the globe. Synchronoss’ secure, scalable and groundbreaking new technologies, trusted partnerships and talented people change the way TMT customers grow their businesses. For more information, visit us at www.synchronoss.com.

Media Contacts:
CC Group PR
Synchronoss@CCGroupPR.com

Investors:
Leslie Gahagan
Investor Relations Analyst
1-800-575-7606
investor@synchronoss.com


FAQ

What is the recent news about Synchronoss Technologies and Verizon?

Synchronoss Technologies has renewed its agreement with Verizon to provide its White-Label Personal Cloud Platform, enhancing Verizon's cloud storage services.

How will the renewed agreement impact Synchronoss Technologies?

The renewed agreement strengthens Synchronoss's market position in cloud and IoT services and allows them to offer advanced features.

What features does the Synchronoss Personal Cloud Platform offer?

The platform offers automated backups, content tagging, and customizable album sharing.

When was the agreement between Synchronoss and Verizon announced?

The agreement was announced on August 10, 2020.

What is the stock symbol for Synchronoss Technologies?

The stock symbol for Synchronoss Technologies is SNCR.

Synchronoss Technologies Inc

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