Bridgewater-based Synchronoss Technologies Inc., a mobile cloud software company, announced Wednesday that it has agreed to acquire Openwave Massaging Inc.The acquisition of Openwave, a messaging platform, will allow Synchronoss to have direct access to more than 3.5 billion subscribers around the globe for its flagship personal cloud platform.
“The success of our personal cloud platform is particularly powerful because we are not only helping mobile operators drive better than expected adoption that is enabling the cloud to be a core part of their communication offerings, but helping monetize this opportunity for our customers. The addition of Openwave into our product portfolio will help expand our total addressable cloud market opportunity and geographic footprint internationally,” Stephen Waldis, founder, chairman and CEO of Synchronoss, said in a prepared statement.
Financial terms of the deal were not disclosed. The deal will not have a material impact to Synchronoss’ revenue in 2016.