On December 4, 2025, UBS downgraded Synchronoss Technologies (NASDAQ: SNCR) to a Neutral rating, with the stock priced at $8.71. Synchronoss, a cloud software provider, is known for its mobile cloud storage solutions and serves millions globally. The company is headquartered in Bridgewater, New Jersey, and manages over 200 petabytes of data.
Lumine Group Inc., a subsidiary of Constellation Software Inc., has announced plans to acquire Synchronoss for approximately $116.4 million. The acquisition will be executed at a cash price of $9.00 per share, representing a 70% premium over Synchronoss's closing price on December 3. This transaction values Synchronoss at an enterprise value of about $258.4 million.
Despite the downgrade by UBS, the acquisition news has positively impacted SNCR's stock price, which is currently at $8.70. This reflects a significant increase of 64.15%, with a change of $3.40. The stock has fluctuated between $8.67 and $8.87 today, with a market capitalization of approximately $100.1 million.
Halper Sadeh LLC is investigating the fairness of the sale to Lumine Group, ensuring it is equitable for shareholders. The law firm is assessing potential adjustments for transaction expenses. Despite this, Synchronoss's CEO, Jeff Miller, is optimistic, viewing the acquisition as transformative and beneficial for expanding the company's offerings.
Under Lumine Group's ownership, Synchronoss will remain headquartered in New Jersey and retain its brand. The acquisition aims to accelerate growth, with Lumine Group specializing in acquiring communications and media software businesses. The deal is expected to provide immediate value to shareholders and better position Synchronoss in the market.
