Synchronoss acquires RIM’s NewBay for $55.5mlnDecember 28, 2012 - 15:30 AMT PanARMENIAN.Net - Synchronoss Technologies has acquired Research in Motion’s NewBay cloud mobile content service, SlashGear reports. The deal was sealed for the sum total of $55.5 million in cash, and was closed just a few days ago. By nabbing NewBay, Synchronoss hopes to dominate the world of cloud mobile content services while increasing its international presence. Specifically, Synchronoss hopes to give itself a boost in the international market via NewBay. Although NewBay has offices in Seattle, it is based out of Ireland. By acquiring the service, Synchronoss has gained access to NewBay’s myriad of Europe-based customers, such as Swisscom and Vodafone. These are on top of its already existing U.S. customer base, which includes Verizon, AT&T, and T-Mobile, among others. Synchronoss’s Chief Executive Officer Stephen G. Waldis offered this statement. “By adding NewBay’s technology assets and millions of subscribers, this transaction further establishes Synchronoss as the clear leader in providing cloud based mobile content services for mobile operators around the world. By combining our strengths, Synchronoss will deliver the most comprehensive, scalable and secure cloud platform, and we will significantly expand our early market share leadership position.” The service works by allowing customers to store, access, and share content with mobile devices, such as tablets and smartphones. The addition of NewBay will give Synchronoss access to NewBay’s various offerings, including its copyright, antivirus, and protection from illicit content capabilities. Synchronoss plans to provide expanded financial details of its NewBay acquisition during its 2012 Q4 financial conference call. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |