Synchronoss Tech : Synchronoss Celebrates Key Milestones on One Year Anniversary of IPO with NASDAQ Bell Ringing and Media Day on July 19th, 2007
06/18/2007| 08:00am US/Eastern
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Synchronoss Technologies, Inc. (NASDAQ: SNCR),
the premier provider of on-demand transaction management software to
Tier One communications service providers (CSPs), today announced it
will celebrate the first anniversary of its IPO with, CEO and President,
Steve Waldis ringing the NASDAQ Bell on July 19th,
2007. In the year since going public, Synchronoss has experienced
significant growth by driving new customer wins and improving the
activation customer experience with the launch of its new ConvergenceNow?
software platform.
?Synchronoss has set out to be the leader in
the orchestration of converged communications services,?
noted Steve Waldis, CEO Synchronoss Technologies. ?Our
strong growth over the past 12 months is evidence of Synchronoss'
leadership position and expertise within the telecom, cable, broadband
and wireless industries. In addition this growth demonstrates that
optimizing the customer experience for order management activation and
provisioning are key factors in the success of convergence.?
?The key to success in the convergence of
communication services lies in the ability to bridge disparate elements
together across video, wireless, and high speed access networks while
offering a superior customer experience,?
said Mark Winther, Group Vice President & General Manager, Worldwide
Telecommunications at IDC. ?A company who can
successfully execute this, will lead the market.?
After a successful initial public offering in June 2006, Synchronoss has
achieved the following milestones:
-
Over the past five years, achieved revenue growth of 72% compounded
annually
-
Launched ConvergenceNow?, a software
platform that optimizes the activation customer experience for complex
service bundles including voice, video, wireless, high speed Internet
access and content.
-
Selected by Time Warner Cable, for the roll-out of its converged
offering including Wireless (Pivot) and VoIP products
-
Surpassed $10 Billion in Customer Lifetime Revenue for its Wireless,
Cable, VoIP, and Wireline clients.
-
Hosted The Fixed Mobile Convergence (FMC) Forum for leading
communication service providers (CSPs) and industry thought leaders
representing Accel Partners, Advanced Newhouse, CBS- Market Watch,
Covad, Cox Communications, Earthlink, IDC, Level3, Pac-West, Qwest,
Sprint, Telephia, Time Warner Cable, and Vonage.
In celebration of Synchronoss' first
anniversary as a public company, Synchronoss CEO and President, Steve
Waldis will be ringing the NASDAQ closing bell on July 19th
2007. Furthermore a special media/industry analyst event will take place
at NASDAQ studios on that same day beginning at 11:30 am and will
include:
-
Lunch with Media, Industry Analysts, VIP Customers
-
Chairman's Keynote
-
Customer Round Table ? featuring customers
such as Cablevision, Comcast, Level 3, and Time Warner Cable
-
Q&A and one-on-one interviews with Executive Management
For more information, please visit this website http://www.synchronoss.com/IPO_anniversary.htm.
About Synchronoss Technologies, Inc.
Synchronoss Technologies (Nasdaq: SNCR) is the premier provider of
on-demand transaction management software to Tier One communications
service providers (CSPs). Synchronoss enables CSPs to drive growth in
new and existing markets while delivering an improved customer
experience at lower costs. The company's flagship ActivationNow®
and now ConvergenceNow? software platform
automates, synchronizes and simplifies electronic service creation and
management of advanced wireline, wireless and IP services across
existing networks. Tier One Synchronoss clients include AT&T,
Cablevision Systems Corporation, Cingular Wireless, Comcast, Level 3
Communications, Time Warner Cable, Verizon Business Solutions, and
Vonage. For more information, please visit www.synchronoss.com.
The Synchronoss logo, Synchronoss, and ConvergenceNow are trademarks
of Synchronoss Technologies, Inc. All other trademarks are property of
their respective owners.
Synchronoss Technologies, Inc.
Media:
Stacie Hiras,
908-547-1260
stacie.hiras@synchronoss.com
or
Investor:
Tim
Dolan, 617-956-6727
investor@synchronoss.com
© Business Wire 2007
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