Synchronoss Renews Partnership with Major French Operator
Synchronoss Technologies (NASDAQ: SNCR) has renewed its three-year contract with a major French operator, extending their 8-year partnership. The French service provider, serving over 27 million subscribers, will continue to utilize Synchronoss Personal Cloud to manage, optimize, and share digital content. Synchronoss Personal Cloud is a secure, scalable platform integrating AI and machine learning, offering features like Tagging, Backtrack, and AI photo enhancements. The renewal aims to increase subscriber engagement, ARPU, and reduce churn by providing flexible, tiered cloud solutions. Jeff Miller, President and CEO of Synchronoss, emphasized the platform's value and the potential for new monetization opportunities.
Synchronoss Technologies (NASDAQ: SNCR) ha rinnovato il proprio contratto triennale con un importante operatore francese, prolungando così la loro partnership di 8 anni. Il fornitore di servizi francese, che serve oltre 27 milioni di abbonati, continuerà a utilizzare Synchronoss Personal Cloud per gestire, ottimizzare e condividere contenuti digitali. Synchronoss Personal Cloud è una piattaforma sicura e scalabile che integra intelligenza artificiale e machine learning, offrendo funzionalità come Tagging, Backtrack e miglioramenti fotografici tramite AI. Il rinnovo mira ad aumentare il coinvolgimento degli abbonati, l'ARPU e a ridurre il tasso di abbandono fornendo soluzioni cloud flessibili e a livelli. Jeff Miller, Presidente e CEO di Synchronoss, ha sottolineato il valore della piattaforma e il potenziale per nuove opportunità di monetizzazione.
Synchronoss Technologies (NASDAQ: SNCR) ha renovado su contrato de tres años con un importante operador francés, ampliando así su asociación de 8 años. El proveedor de servicios francés, que atiende a más de 27 millones de suscriptores, continuará utilizando Synchronoss Personal Cloud para gestionar, optimizar y compartir contenido digital. Synchronoss Personal Cloud es una plataforma segura y escalable que integra inteligencia artificial y aprendizaje automático, ofreciendo características como etiquetado, retroceso y mejoras de fotos mediante AI. La renovación tiene como objetivo aumentar la participación de los suscriptores, el ARPU y reducir la pérdida de clientes mediante la provisión de soluciones en la nube flexibles y por niveles. Jeff Miller, presidente y CEO de Synchronoss, enfatizó el valor de la plataforma y el potencial para nuevas oportunidades de monetización.
Synchronoss Technologies (NASDAQ: SNCR)는 주요 프랑스 통신사와의 3년 계약을 갱신하여 8년 파트너십을 연장했습니다. 2,700만 명 이상의 가입자를 보유한 이 프랑스 서비스 제공업체는 Synchronoss Personal Cloud를 계속 활용하여 디지털 콘텐츠를 관리, 최적화 및 공유할 것입니다. Synchronoss Personal Cloud는 AI와 머신러닝을 통합한 안전하고 확장 가능한 플랫폼으로, 태깅, 백트랙, AI 사진 개선과 같은 기능을 제공합니다. 이번 계약 갱신은 가입자 참여도 증가, ARPU 상승 및 이탈률 감소를 목표로 하며, 유연하고 계층화된 클라우드 솔루션을 제공합니다. Synchronoss의 사장 겸 CEO인 Jeff Miller는 플랫폼의 가치와 새로운 수익 창출 기회의 가능성을 강조했습니다.
Synchronoss Technologies (NASDAQ: SNCR) a renouvelé son contrat de trois ans avec un important opérateur français, prolongeant ainsi leur partenariat de 8 ans. Le fournisseur de services français, qui dessert plus de 27 millions d'abonnés, continuera d'utiliser Synchronoss Personal Cloud pour gérer, optimiser et partager du contenu numérique. Synchronoss Personal Cloud est une plateforme sécurisée et évolutive intégrant l'IA et l'apprentissage automatique, offrant des fonctionnalités telles que le Tagging, le Backtrack et des améliorations photo par IA. Le renouvellement vise à augmenter l'engagement des abonnés, l'ARPU et à réduire le taux de désabonnement en fournissant des solutions cloud flexibles et par niveaux. Jeff Miller, Président et PDG de Synchronoss, a souligné la valeur de la plateforme et le potentiel pour de nouvelles opportunités de monétisation.
Synchronoss Technologies (NASDAQ: SNCR) hat seinen Dreijahresvertrag mit einem großen französischen Anbieter erneuert und die 8-jährige Partnerschaft verlängert. Der französische Dienstanbieter, der über 27 Millionen Abonnenten bedient, wird weiterhin Synchronoss Personal Cloud nutzen, um digitale Inhalte zu verwalten, zu optimieren und zu teilen. Synchronoss Personal Cloud ist eine sichere, skalierbare Plattform, die KI und maschinelles Lernen integriert und Funktionen wie Tagging, Backtrack und KI-Photoverbesserungen bietet. Die Erneuerung zielt darauf ab, die Abonnentenbindung, den ARPU zu steigern und die Kündigungsquote zu senken, indem flexible, gestufte Cloud-Lösungen bereitgestellt werden. Jeff Miller, Präsident und CEO von Synchronoss, betonte den Wert der Plattform und das Potenzial für neue Monetarisierungsmöglichkeiten.
- Renewed 3-year contract with a major French operator.
- Serves over 27 million subscribers in France.
- Integration of advanced features like AI, machine learning, Tagging, Backtrack, and AI photo enhancements.
- Potential to increase ARPU and reduce churn through flexible, tiered cloud solutions.
- None.
Insights
The renewal of this major French telecom contract is strategically significant for Synchronoss, given the partner's substantial 27 million customer base. The three-year extension provides important revenue stability and validates the company's cloud platform in a competitive market. While specific financial terms weren't disclosed, the partnership's focus on reducing churn and increasing ARPU through tiered offerings suggests meaningful revenue potential.
The deal's emphasis on AI integration and premium features positions Synchronoss to capture higher-margin revenue streams. For a company with a market cap of just
Building on an 8-Year Partnership, this Leading Service Provider Will Continue to Utilize Synchronoss Personal Cloud and Enable Subscribers throughout France to Manage, Optimize, and Share All Types of Digital Content
BRIDGEWATER, N.J., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (NASDAQ: SNCR), a global leader and innovator in personal cloud platforms, today announced a three-year contract renewal with a leading French operator. This service provider operates a high-speed, fixed, and mobile network across France and serves more than 27 million individuals, businesses, communities, and operators. Through the extended partnership, the company will continue to deliver a range of value-added cloud offerings powered by Synchronoss Personal Cloud.
Synchronoss Personal Cloud is a white-label platform that allows service providers to deliver a branded personal cloud solution to centrally backup, sync, and organize a broad range of digital content and files. Purpose-built for service providers, Synchronoss Personal Cloud offers a highly secure and scalable cloud platform that integrates artificial intelligence (AI), machine learning, and other advanced features.
“Expanding our long-standing partnership is a testament to our cloud platform and the value it delivers to this provider’s subscriber base throughout France,” said Jeff Miller, President and CEO of Synchronoss. “We’re excited to enhance the cloud offering with new features such as Tagging, Backtrack and AI photo enhancements that the French carrier will use to drive further subscriber engagement, increase ARPU and reduce churn amongst its subscriber base.”
Unlike some over-the-top (OTT) services, Synchronoss Personal Cloud ensures data security and privacy. It provides the flexibility for operators and service providers to select which capabilities and functionality they want to offer subscribers as part of tiered plans, such as basic, value-added, and premium offerings. As a private-label, branded solution, service providers can monetize the cloud in new ways, offering subscribers upgrade options to better engage with digital content, thus reducing churn and increasing average revenue per user (ARPU).
About Synchronoss
Synchronoss Technologies (Nasdaq: SNCR), a global leader in personal Cloud solutions, empowers service providers to establish secure and meaningful connections with their subscribers. Our SaaS Cloud platform simplifies onboarding processes and fosters subscriber engagement, resulting in enhanced revenue streams, reduced expenses, and faster time-to-market. Millions of subscribers trust Synchronoss to safeguard their most cherished memories and important digital content. Explore how our Cloud-focused solutions redefine the way you connect with your digital world at www.synchronoss.com.
Media Relations Contact:
Domenick Cilea
Springboard
dcilea@springboardpr.com
Investor Relations Contact:
Ryan Gardella
ICR for Synchronoss
SNCRIR@icrinc.com
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