Synchronoss Acquired by Lumine Group in $258.4M All-Cash Deal.

Synchronoss Technologies has been acquired by Lumine Group Inc. in an all-cash transaction valuing the company at approximately $116.4 million in equity and $258.4 million in enterprise value. The acquisition completes, and Synchronoss common stock will cease trading on Nasdaq. Lumine Group is a global acquirer of communications and media software businesses, and the acquisition marks a new chapter for Synchronoss as a subsidiary of Lumine Group.