Synchronoss Appoints Gateway to Lead Expanded Investor Relations Program

Rhea-AI Summary

On February 9, 2022, Synchronoss Technologies (Nasdaq: SNCR) announced the appointment of Gateway Investor Relations to enhance its investor relations initiatives. Gateway will collaborate with Synchronoss to refine corporate messaging, develop outreach strategies, and facilitate introductions to institutional investors. The partnership aims to leverage Synchronoss's operational momentum and broaden its appeal to the financial community. As a subscription-first cloud-driven organization, Synchronoss seeks to effectively communicate its business value and growth potential.

Positive

• Appointment of Gateway Investor Relations to strengthen investor communications and outreach.
• Collaboration expected to refine corporate messaging and improve strategic positioning.
• Focus on expanding shareholder base through comprehensive investor relations program.

Negative

• None.

BRIDGEWATER, N.J., Feb. 09, 2022 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a global leader and innovator in cloud, messaging and digital products and platforms, has appointed Gateway Investor Relations, a leading strategic financial communications and capital markets advisory firm, to manage its expanded investor relations program initiatives, including providing corporate messaging and other consulting services to the Company.

Gateway will work closely with Synchronoss management to develop and deploy a comprehensive outreach and communications program. Activities will include but are not limited to: refining overall company and investment-oriented messaging and corporate positioning, strategic advisory services, and introductions to institutional investors, sell-side analysts and other key influencers in the broader financial community. Gateway will also assist in organizing roadshows and securing invitations to select financial conferences, including its annual Gateway Conference.

“As a subscription-first and cloud-driven organization with a marquee customer base across the globe, Synchronoss offers a compelling investment case that we believe could benefit from an updated narrative as well as an increased outreach and investor communications program,” said Jeff Miller, President and CEO of Synchronoss. “Entering the new year, we have significant operational momentum, and we believe the timing is right to introduce our story to a wider, relevant audience within the financial community that will appreciate the underlying value in our business.

“We’ve partnered with Gateway for its strong buy- and sell-side relationships as well as the firm’s deep industry experience and proven track record in effectively communicating macroeconomic growth driven stories like ours. Over the next several months, we look forward to working closely with the Gateway team to execute a comprehensive investor relations program that will allow us to improve our strategic positioning as well as support and expand our shareholder base.”

About Synchronoss
Synchronoss Technologies (NASDAQ: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services, and content they love. That’s why more than 1,500 talented Synchronoss employees worldwide strive each day to reimagine a world in sync. Learn more at www.synchronoss.com.

About Gateway Investor Relations
Gateway is a leading strategic financial communications and capital markets advisory firm. For more than 20 years, Gateway has delivered superior performance in strategic consulting, corporate messaging and positioning, investor awareness, and analyst and financial press coverage. Gateway executives have extensive experience in capital markets and financial communications, and represent clients in a wide range of industries, including technology, consumer, industrials, financial services, and business services. To learn more, please visit www.gateway-grp.com. Make sure to also follow us on Twitter, LinkedIn and Facebook.

Forward-Looking Statements
This press release includes statements concerning Synchronoss and its future expectations, plans and prospects that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, the words “may,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “believes,” “potential” or “continue” or other similar expressions are intended to identify forward-looking statements. Synchronoss has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that it believes may affect its business, financial condition and results of operations. These forward-looking statements speak only as of the date of this press release and are subject to a number of risks, uncertainties and assumptions including, without limitation, risks relating to the Company’s ability to sustain or increase revenue from its larger customers and generate revenue from new customers, the Company’s expectations regarding expenses and revenue, the sufficiency of the Company’s cash resources, the impact of legal proceedings involving the Company, including the investigations by the Securities and Exchange Commission and the Department of Justice described in the Company’s most recent SEC filings, and other risks and factors that are described in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 and the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2021, which are on file with the SEC and available on the SEC’s website at www.sec.gov. The company does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.

Media Relations Contact:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Investor Relations Contact:
Matt Glover and Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com

FAQ

What is the purpose of Synchronoss appointing Gateway Investor Relations?

To enhance its investor relations initiatives and effectively communicate its business value.

What activities will Gateway Investor Relations manage for Synchronoss?

Refining corporate messaging, developing outreach strategies, and organizing introductions to investors.

When was the announcement made about the partnership with Gateway Investor Relations?

The announcement was made on February 9, 2022.

What is the stock symbol for Synchronoss Technologies?

The stock symbol for Synchronoss Technologies is SNCR.

What benefits does Synchronoss expect from this partnership?

Improved strategic positioning and expanded shareholder base.