fbpx

Synchronoss Technologies Announces 18M Acquisition

The company agreed to pay about $18 million cash for Wisor Telecom, a provider of automation-order software and services.After being hit on Friday with a lawsuit alleging securities fraud, Synchronoss Technologies Inc. (Nasdaq: SNCR) today announced some more positive news. The company has agreed to pay about $18 million cash for Wisor Telecom, a privately held company based in Frederick, Md.

Bridgewater-based Synchronoss provides on-demand transaction management software for communications service providers, including AT&T”s wireless network. Wisor provides automation-order software and services.

Synchronoss said it expects to close the deal by Monday.

The company”s stock opened today at $11.39, up from $11.22 at yesterday”s close.

NJBIZ Business Events

NJBIZ Leaders in Finance 2021

Thursday, March 25, 2021
NJBIZ Leaders in Finance 2021

NJBIZ Digi-Tech Innovator Awards 2021

Thursday, April 22, 2021
NJBIZ Digi-Tech Innovator Awards 2021

NJBIZ Leaders in Law 2021

Thursday, May 13, 2021
NJBIZ Leaders in Law 2021

ICON Honors Awards Program 2021

Tuesday, June 22, 2021
ICON Honors Awards Program 2021