Lumine Group Acquires Synchronoss Technologies in $258.4M Deal, Stock to Be Delisted
Synchronoss Technologies has been acquired by Lumine Group in an all-cash deal valuing its equity at approximately $116.4 million and its enterprise at $258.4 million. The company’s Nasdaq-listed common stock will cease trading following stockholder approval on February 12, 2026.
1. Completion of Acquisition
Lumine Group completed its acquisition of Synchronoss Technologies through a wholly owned subsidiary in an all-cash transaction that values Synchronoss’s equity at about $116.4 million and its enterprise at roughly $258.4 million.
2. Delisting and Shareholder Approval
Synchronoss stockholders approved the transaction at a special meeting on February 12, 2026, and the company’s common stock will be removed from the Nasdaq Stock Market, taking the business private.
3. Strategic Fit for Lumine Group
Lumine Group, a buy-and-hold acquirer of communications and media software businesses, plans to integrate Synchronoss’s personal Cloud platform to enhance its portfolio’s service offerings and drive long-term subscriber engagement.