Lumine Group Inc., a subsidiary of Constellation Software, completed an all‑cash acquisition of Synchronoss Technologies, Inc. (NASDAQ: SNCR) on February 13, 2026, after shareholders approved the deal at a special meeting on February 12, 2026. The transaction values Synchronoss at an enterprise value of approximately $258.4 million and an implied equity value of $116.4 million, with a purchase price of $9.00 per share—about a 70% premium over the November 30, 2025 closing price and a 40% premium over the December 3, 2025 closing price.
The deal aligns with Lumine’s “buy‑and‑hold forever” strategy, expanding its portfolio of communications and media software businesses. By adding Synchronoss’s personal cloud solutions and its established relationships with Tier 1 telecom operators, Lumine positions itself to deepen its presence in operator‑branded cloud services and to accelerate innovation in the rapidly evolving telecom software market.
Prior to the acquisition, Synchronoss had faced financial headwinds. In Q3 2025 the company reported revenue of $42.0 million, down from $43.0 million a year earlier, and a net loss of $19.6 million in Q2 2025. These results reflected delays in new customer signings and subscriber growth weakness, underscoring the strategic value of a long‑term partner like Lumine to stabilize and grow the business.
Shareholders received an all‑cash offer, providing immediate value and eliminating future market volatility. Following the transaction, Synchronoss’s common stock will cease trading on the Nasdaq and the company will become a private entity under Lumine’s ownership, ensuring continuity of operations and access to capital for future growth initiatives.
The announcement was welcomed by investors, reflecting confidence in Lumine’s strategy and in Synchronoss’s underlying technology and customer relationships. The acquisition marks a significant expansion for Lumine and positions Synchronoss for accelerated growth under Lumine’s long‑term ownership.
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