Street Cred Capital Selects Synchronoss to Offer Personal Cloud as Part of its Mobile Device Financing Program

BRIDGEWATER, N.J. , Aug. 09, 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. ("Synchronoss" or the "Company") (Nasdaq: SNCR), a global leader and innovator in cloud, messaging, and digital products and platforms, today announced that Street Cred Capital has signed a Letter of Intent to become a distributor of the Company's value–added Personal Cloud solution. Synchronoss' Personal Cloud product provides a turn–key solution for companies seeking to integrate or bundle personal cloud as a value–added service.

Serving leading North American carriers, MVNOs and retailers, Street Cred Capital offers six lending product options for financing new devices and value–added solutions. Integrated into the online and point–of–sale shopping experience, as well as the credit application flow, Street Cred Capital makes it extremely easy and affordable to purchase products and complementary services, significantly improving sales performance and increasing revenue.

The Synchronoss solution enables Street Cred Capital to offer a Personal Cloud bundle at a discounted rate as part of every financed purchase. This unique offer allows subscribers to backup, sync, and organize a broad range of digital files between devices and the cloud. Subscribers can finance cloud over 12, 18, and 24–month plans, and the value of each subscription will range from $50 to $400, depending on the type of plan selected.

Through its mobile sales channel ecosystem, Street Cred Capital offers funding solutions to address nearly 32 million customers. Personal Cloud is ideal for mobile carriers and MVNOs, internet service providers, security monitoring companies as well as insurance, financial services, and lenders to offer new, revenue–generating solutions and value–added bundles.

"We have successfully expanded our Synchronoss Cloud solutions to serve the needs of global service providers, insurance companies, and retailers, and Street Cred would represent an exciting new market opportunity for our personal cloud platform," said Jeff Miller, President and CEO of Synchronoss.

"Leveraging our vast mobile industry experience, we're focused on curating best–in–class products and services to enhance our financing program and provide additional value to the customers we serve," said Clint Fayling, CEO of Street Cred Capital. "Personal Cloud offers a complementary, value–added service that can be easily bundled with any Street Cred financing offer to increase average order value and customer lifetime value for our carrier, MVNO, and retail partners. We look forward to working with Synchronoss to deliver Personal Cloud solutions."

About Street Cred Capital
Street Cred Capital delivers the best–in–class lending solutions tailored for the mobile industry "" and its customers. A Colorado–based fintech leader, Street Cred provides fast and affordable lending tools that empower mobile device carriers and retailers to grow their businesses. In delivering a configurable portfolio of lending products and services that connect consumers to industry–leading lenders, Street Cred provides a streamlined customer qualification experience, the highest approval rates, and the most competitive customer rates in the marketplace. Learn more at www.streetcredcapital.com.

About Synchronoss
Synchronoss Technologies (Nasdaq: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company's collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services, and content they love. Learn more at www.synchronoss.com.

Media Relations Contact:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Investor Relations Contact:
Matt Glover / Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com


Synchronoss to Power Telkomsigma’s Launch of Two New Premium Personal Cloud Solutions in Indonesia

BRIDGEWATER, N.J., Aug. 03, 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. ("Synchronoss" or the "Company") (Nasdaq: SNCR), a global leader and innovator in cloud, messaging and digital products and platforms, today announced the official rollout of two new premium personal cloud solutions offered by Telkomsigma, a subsidiary of Telkom Indonesia, the country's largest telecom operator. Following the agreement in November, Telkomsigma is now making its Floudrive service, powered by Synchronoss Personal Cloud, available to university students and Telkomsel mobile customers.

As the IT Services and Data Center arm of Telkomsel, Telkomsigma is utilizing the Synchronoss Personal Cloud platform for its Floudrive service, offering a reliable and intuitive cloud storage experience with the ability to backup and restore digital content, including photos, video, texts, and other files. To ensure compliance with Indonesia's data storage laws, Synchronoss has partnered with Alibaba, leveraging their in–country IT infrastructure.

Beginning in September, Telkomsigma will offer incoming university students a free Floudrive account that includes 50 gigabytes of cloud storage, which can be used to backup all digital content as well as share files and photos. The free bundle is the first of its kind and offered through select universities in Indonesia. Additionally, Telkomsigma will offer a premium version of Floudrive to 170 million Telkomsel mobile customers. The premium service will include 100 gigabytes of storage.

"We are excited to rollout these two new premium personal cloud solutions that leverage the Synchronoss Personal Cloud platform, especially within the universities, which is an industry–first," said Tanto Suratno, Director of Business and Sales, Telkomsigma. "The combination of Synchronoss and Alibaba will enable us to keep pace with the millions of subscribers that will take advantage of our free and premium Floudrive services."

"Telkomsigma, Telkomsel, and Telkom Indonesia understand the unique market opportunity to deliver personal cloud solutions that will enable a broad range of digital services to subscribers throughout Indonesia," said Patrick Doran, Chief Technology Officer at Synchronoss. "Knowing that local data sovereignty is a critical customer requirement, we certified our technology platform on the Alibaba Cloud platform, delivering a white–label personal cloud solution that is secure, reliable, scalable, and in–country."

Leading Tier One service providers utilize Synchronoss Personal Cloud, Synchronoss Email Suite, or both to manage more than 250 million subscribers worldwide, storing and managing more than 142 petabytes of data.

About Synchronoss
Synchronoss Technologies (Nasdaq: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company's collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services, and content they love. Learn more at www.synchronoss.com.

Media Relations Contact:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Investor Relations Contact:
Matt Glover / Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com


NYI Expands 60 Hudson Street Operations

NEW YORK, Aug. 02, 2022 (GLOBE NEWSWIRE) — NYI, a leading provider of hybrid infrastructure solutions and managed services, has expanded its 60 Hudson Street operations through the addition of space formerly occupied by Equinix. The expansion is the result of a joint venture with QTD Systems, who acquired the Equinix space in a transaction that closed on August 1, 2022.

With this integration, NYI doubles its datacenter footprint and immediately expands the carrier ecosystem available to customers. The expansion also includes significant additional conduit infrastructure and access to POE's which will provide for unmatched capacity and reach in NYC's most connected building. Together with NYI's existing in–building capabilities, customers will now have access to unparalleled levels of resilience as they deploy their interconnection strategy.

"With the accelerating pace of digital transformation, the role of 60 Hudson Street as the preeminent home for global carriers in New York City becomes invaluable in terms of meeting the growing connectivity needs of customers," says Phillip Koblence, NYI Co–Founder and COO. "With this integration, NYI grows in its ability to serve as the premier facilitator of access to this global interconnection gateway while making deployments at 60 Hudson Street simpler and more cost effective."

"I have a long history at 60 Hudson Street, where I established several long–standing and still operational data center and connectivity businesses over the last twenty years. I look forward to NYI's continued quality of services and their building upon Equinix's 60 Hudson NY8 infrastructure in driving the future of interconnection," adds Peter Feldman, CEO of QTD Systems.

The expansion will benefit multiple parties:

  • Former Equinix customers will enjoy operational continuity and access to NYI's on–premise expert technical staff, cost–effective interconnection platform and suite of hybrid infrastructure solutions and high–touch managed services.
  • Domestic and international customers will gain access to more space and power, and to an expanded carrier ecosystem.
  • Telecommunication providers and carriers will benefit from seamless and cost–effective access to NYI's expanded in–building conduit infrastructure and additional points of entry.

With expanded capabilities and a continued commitment to cutting through complexity and providing a seamless customer experience, NYI hopes to level the playing field, making interconnection at 60 Hudson Street simpler and more accessible from both a deployment and cost perspective, for carriers, content providers, and enterprises of all sizes.

About NYI

NYI is a leading provider of hybrid infrastructure, network, and interconnection solutions. The company is known for cutting through the complexity of the IT landscape and facilitating custom solutions to address the critical infrastructure and connectivity needs of clients across industries. NYI is headquartered in New York City and provides enterprise services into key global markets through a trusted ecosystem of partners. To learn more about NYI, visit nyi.net or follow NYI on Twitter or LinkedIn.

Media Contact:
Iromie Weeramantry, VP Marketing
marketing@nyi.net

About QTD Systems

Peter Feldman, CEO of QTD Systems, has 25+ years of datacenter development, operations, management, and design experience including the founding of two long–standing businesses at 60 Hudson Street in New York City "" Telx (Now Digital Realty Trust) and DataGryd (now Hudson IX). He also co–founded Digital Crossroads in Hammond, Indiana. QTD Systems will be focusing on developing the next generation of Quantum technology in partnership with Novum Industria, an MIT spinoff and member of the Quantum Economic Development Corp (QED–C) in the former NY8 facility.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0cab232c–0c8d–4915–9d67–15f658bcef3b


Chargebee Enables Subscription Businesses to Combat Economic Turmoil with 2022 Summer Product Release

San Francisco, Calif., July 28, 2022 (GLOBE NEWSWIRE) — Chargebee, the leading subscription management platform, today announced its Summer 2022 Product Release. The slate of new products and features is focused on enabling high–performing subscription businesses to monetize their existing customers and fend off the growing threats of a tumultuous economy. These new products help businesses build their cash reserves and maintain their customer base at a time when many businesses – and their customers – are struggling with the realities of inflation and drying up of venture capital, the lingering effects of COVID–19 and a decimated global supply chain.

The centerpiece of Chargebee's Summer 2022 Product Release is Chargebee Retention, formerly Brightback, which along with Chargebee Receivables (numberz), and RevRec (RevLock), all acquired by Chargebee over the last 18 months, represent Chargebee's initial foray into becoming a true multi–product company.

Chargebee Retention allows businesses to focus on keeping the customers they already have at a time when both businesses and consumers are being forced to evaluate everything in their portfolios and make difficult decisions. Chargebee Retention enables businesses to customize cancellation experiences with offers geared towards continuing the customer relationship and allows businesses to test out personalized retention–magnet strategies to minimize voluntary churn and strengthen customer lifetime value with an ROI of as much as 800%.

"For subscription businesses, acquiring new customers is at least 2.5 times more expensive than upselling or expanding an existing customer. This factor can be even higher with intelligent automation that decreases customer churn while increasing the chances of expansion," said Mark Thomason, IDC Research Director responsible for Digital Business Models and Monetization practice. "While these retention capabilities are critical during these tumultuous times, keeping happy customers is always in vogue."

Chargebee Receivables helps businesses improve their cash flow management processes by automating accounts receivable workflows. Subscription businesses will now be able to efficiently automate their entire accounts receivables workflow and process from purchase to payment. In addition, Chargebee Receivables also lets businesses proactively engage with customers on predicted payment failure to minimize involuntary churn and increase customer retention.

“Customer retention has become an even bigger focus for us over the past year or so," said Bob Viscount, Vice President at Silhouette U. "The economy has changed a lot, and we've been looking for a solution that helps mitigate some of the cancellations we've been seeing. Customers have chosen to cancel due to cost and having an option to deflect some of these cancellations with a tailored offer in the moment has been a huge boost to our business. Chargebee Retention has proven to be a value–add to our business and has allowed us to provide customers with a comprehensive review of what they'd be giving up while also leveraging offers when needed. The results in a very short amount of time have convinced me that this needs to be a critical component to our business moving forward.”

The volatility of today's market landscape has forced businesses to become adaptable and nimble in ways they hadn't previously expected, tinkering with package and feature offerings and providing new and different services to customers at different price points. The new Chargebee Entitlements offers businesses more control over this new path and enables them to upsell to existing customers by showing them value. Chargebee Entitlements enables businesses to "value–test" and experiment with different packaging and pricing options, better control feature launches with roll–outs to small subsets of customers, and go to market faster. Chargebee Entitlements helps go–to–market teams provide feature access to customers beyond their plan on the flip of a switch, which can be used to incentivize plan upgrades and free–to–paid conversions.

"We've spent months engaging with our customers, learning the ins and outs of their businesses and working with them to determine what types of tools they want and need to face their current challenges head–on," said John Pearce, Vice President of Product Management at Chargebee. "In those conversations, the focus almost always homed in on retaining customers, building long–lasting customer relationships and understanding how Chargebee can help businesses monetize their existing customer base. Chargebee Retention, Chargebee Receivables and Chargebee Entitlements are a direct result of our findings and our desire to give our customers exactly what they need to build and scale their businesses, even in these trying times."

The complete list of features in Chargebee's Summer 2022 Product Release, which also includes in–app purchase management, multi–entity management, integration with PandaDoc to manage quote–based subscription workflows, a RevRec integration that helps businesses recognize revenue in local currency and avoid challenges that hinder growth, and RevRec's ASC 606 expense recognition, can be found here: https://www.chargebee.com/summer–release–2022/

About Chargebee

Chargebee is the subscription management platform that automates revenue operations of over 4,500 subscription–based businesses from startups to enterprises. The SaaS platform helps subscription businesses across verticals, including SaaS, eCommerce, e–learning, IoT, Publications, and more, manage and grow revenue by automating subscription billing, invoicing, payments, and revenue recognition operations, provides key metrics, reports, and business insights and now offers Chargebee Retention and Chargebee Receivables. Founded in 2011, Chargebee counts businesses, like Okta, Freshworks, Calendly, and Study.com amongst its global customer base. Learn more about Chargebee at www.chargebee.com.

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Delphix to Launch Continuous Ransomware Protection, DevOps Data Appliances

REDWOOD CITY, Calif., July 14, 2022 (GLOBE NEWSWIRE) — Delphix, the industry leader in DevOps test data management (TDM), today announced the launch of two new data appliances powered by Dell Technologies. Both appliances are fully engineered software solutions optimized for performance and reliability.

The Delphix CDP Appliance provides businesses with continuous data protection, multiple levels of ransomware detection, and the ability to automate instant recovery of multiple applications to a clean and data–consistent state. The Delphix DevOps Appliance provides the most advanced and secure TDM solution in the market, enabling customers to release software faster, safer, and at higher quality.

The Delphix CDP Appliance syncs data from enterprise applications in near–real time and creates a continuous, immutable data record, so applications can be recovered to any time, down to the second or a transaction boundary, for a near–zero recovery point objective (RPO). In contrast, traditional backups only protect data once a day, leaving the potential for a full day's loss of critical business transactions.

In addition, the appliance enables the instant recovery of multiple applications using APIs for a near–zero recovery time objective (RTO). Business processes, like quote to cash, often create data dependencies and consistency challenges across applications. With this new appliance, businesses can quickly recover multiple applications to a data consistent state, even across multiple points in time, in order to determine a clean data state prior to a ransomware attack.

The Delphix CDP Appliance is built on a zero trust architecture. All data is immutable, and retained data snapshots and policies can be locked from tampering or deletion. In addition, the appliance is a fully contained, isolated recovery environment that can optionally include application and database servers.

Today, businesses need to balance both security and innovation. Many companies leave test data security and provisioning up to individual application teams and administrators, often in violation of privacy compliance and industry regulations. The Delphix DevOps Appliances automate sensitive data discovery, masking, and delivery to fully protect consumer data privacy throughout the application lifecycle.

In addition, businesses are in a race to release software faster. As they invest in DevOps tools and processes, test data often becomes a major bottleneck. The Delphix DevOps Appliance provides a range of innovative and unique APIs to enable superior testing, including APIs for data refresh, rewind, bookmark, teardown, and integration across apps. Using these APIs, Delphix customers have achieved high rates of innovation""well over a million CI/CD releases a month for individual customers.

"With Dell's reach and the powerful combination of our technologies, we can help companies around the world innovate faster, while protecting consumer data privacy from ransomware and other attacks," said Jedidiah Yueh, Delphix CEO. "We help companies achieve zero trust and zero friction data operations."

To learn more about the Delphix CDP Appliance or the Delphix DevOps Appliance and how they can accelerate innovation, contact dell@delphix.com.

About Delphix

Delphix is the industry leader for DevOps test data management.

Businesses need to transform application delivery but struggle to balance speed with data security and compliance. Our DevOps Data Platform automates data security, while rapidly deploying test data to accelerate application releases. With Delphix, customers modernize applications, adopt multicloud, achieve CI/CD, and recover from downtime events such as ransomware up to 2x faster.

Leading companies, including Choice Hotels, Banco Carrefour, and Fannie Mae, use Delphix to accelerate digital transformation and enable zero trust data management. Visit us at www.delphix.com. Follow us on LinkedIn, Twitter, and Facebook.

For Media and Analyst Inquiries contact:
Deborah Mullan
deborah.mullan@delphix.com


Synchronoss Extends Platform Support for Alibaba and Google Cloud

BRIDGEWATER, N.J., July 12, 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. ("Synchronoss" or the "Company") (Nasdaq: SNCR), a global leader and innovator in cloud, messaging and digital products and platforms, today announced that its namesake personal cloud and email suite have been certified on the Alibaba Cloud and Google Cloud, respectively. In addition to Amazon AWS and Oracle OCI already in use, the new certifications provide customers with multi–cloud environments to deploy and scale Synchronoss Personal Cloud and Synchronoss Email Suite globally.

Synchronoss Personal Cloud and Synchronoss Email Suite are utilized by leading service providers around the world, supporting more than 250 million subscribers. Each service provider has its own specific requirements, including content security, data sovereignty, compliance, and cost. Supporting Alibaba and Google Cloud allows service providers to extend their deployment across multi–cloud environments and geographies while ensuring security, accessibility, and reliability. Synchronoss is well–positioned to deliver its products to customers throughout Asia and beyond now that Personal Cloud is certified on the Alibaba and Google platforms.

"Our global customers have specific requirements when it comes to performance, cost, compliance, and critically, data sovereignty," said Patrick Doran, Chief Technology Officer at Synchronoss. "By extending Personal Cloud on Alibaba and Email Suite on Google Cloud, Synchronoss is able to deliver secure, cost–optimized, in–country solutions that are reliable and scalable, upholding our strategy of supporting hybrid and multiple cloud environments."

"The combination of Synchronoss Email Suite delivered via Google Cloud provides customers with a highly–scalable and reliable solution that is easily accessible globally," said Gia Winters, Managing Director, Google Cloud. "We look forward to supporting Synchronoss with our infrastructure to keep pace with demand in key territories around the world across their product portfolio."

Leading Tier One service providers utilize Synchronoss Personal Cloud, Synchronoss Email Suite, or both to manage 250 million plus subscribers worldwide, storing and managing more than 142 petabytes of data.

About Synchronoss
Synchronoss Technologies (Nasdaq SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company's collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services, and content they love. That's why more than 1,300 talented Synchronoss employees worldwide strive each day to reimagine a world in sync. Learn more at www.synchronoss.com.

Media Relations Contact:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Investor Relations Contact:
Matt Glover / Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com


Synchronoss Finalizes Agreement with iQmetrix to Divest Digital Experience Platform and Activation Solutions

BRIDGEWATER, N.J., May 11, 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. ("Synchronoss" or the "Company") (Nasdaq: SNCR), a global leader and innovator in cloud, messaging and digital products and platforms, today announced the successful completion of the sale of its Digital Experience Platform ("DXP") and Activation Solutions ("Activation") to iQmetrix, a leading provider of telecom retail management software. The divestiture was formally announced on March 8, 2022.

"The sale of DXP and Activation is part of our strategic plan to create a leaner business model that focuses on our core growth areas for the future," said Jeff Miller, President, and Chief Executive Officer of Synchronoss. "Closing this deal is favorable for Synchronoss's long–term product focus areas. It provides us with operating flexibility to improve our capital structure and to accelerate the development of new product offerings in our key areas such as our cloud portfolio."

"As a trusted provider of intelligent retail management software, iQmetrix is the natural acquirer of choice for the Digital Experience Platform and Activation Solutions," said Ryan Volberg, President and Chief Executive Officer of iQmetrix. "We're very excited as this supports our plans to be the number one enabler of personal connected devices globally. In such a relentlessly changing industry, this is the next big step of many that we're excited to take to help us create great experiences in the telecom space."

The DXP and Activation offerings enable telecom operators and retailers around the globe to create, orchestrate and manage digital experiences across all channels. Following the sale, the Synchronoss digital business portfolio includes its Financial Analytics and spatialSUITE products as well as the iNow Platform.

About Synchronoss
Synchronoss Technologies (Nasdaq: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company's collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services, and content they love. That's why more than 1,500 talented Synchronoss employees worldwide strive each day to reimagine a world in sync. Learn more at www.synchronoss.com.

Media Relations Contact:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Investor Relations Contact:
Matt Glover / Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com


Sphera Tackles Scope 3 Emissions Reporting with Launch of its Automated Life Cycle Assessment Solution

CHICAGO, May 11, 2022 (GLOBE NEWSWIRE) — Sphera , a leading global provider of Environmental, Social and Governance (ESG) performance and risk management software, data and consulting services, today announced the launch of its new Life Cycle Assessment (LCA) Automation software, building upon the company's existing LCA solutions. The move comes as investor and regulatory pressures surrounding the standardization and digitalization of end–to–end sustainability data measurement continue to mount, necessitating increasingly sophisticated and granular reporting and compliance tools.

Sphera's next–generation solution integrates seamlessly with customers' existing systems for rapid deployment, allowing customers to quickly receive holistic, real–time analysis and insights into the environmental footprint of their product portfolios. It also features extensive managed content that enables customers to instantaneously calculate their carbon footprint at scale and model how adjustments to specific variables""such as leveraging a cleaner power source or altering production processes""may affect emissions outputs.

The LCA Automation solution serves as an extension of Sphera's existing Product Sustainability capabilities which include life cycle assessment software and content. The service allows a company to increase the number of LCAs by a factor of 1,000, in turn enabling the experienced LCA professional to focus on analyzing and improving results, versus creating them.

The overarching goal of Sphera's LCA Automation tool is to help businesses""especially those in sectors with complex supply chains, such as manufacturing, consumer goods, paints and chemicals""to more effectively reduce their greenhouse gas (GHG) emissions at every step of production, from design to disassembly. Improved forecasting will facilitate holistic corporate decisions with sustainability incorporated at each stage, allowing teams to proactively predict and control environmental impact.

Paul Marushka, Sphera's CEO and president, says: "Historically, LCAs have been viewed as voluntary, ad–hoc add–ons to broader corporate sustainability efforts. However, with consumer awareness growing in–step with regulatory mandates to mitigate the effects of climate change, LCA Automation feeds into the highest needs of decarbonization. As recent moves from the EU, SEC and the latest IPCC report have shown, financial and reputational fallout from a failure to act are very much a "when', not an "if'."

Continues Marushka, "From helping engineers create more sustainable products to enabling procurement professionals to establish lower carbon emission supply chains, LCA Automation will transform decision–making, for the benefit of both businesses and our planet."

About Sphera
Sphera is the leading provider of Environmental, Social and Governance (ESG) performance and risk management software, data and consulting services focusing on Environment, Health, Safety & Sustainability (EHS&S), Operational Risk Management and Product Stewardship. For more than 30 years, we have served over 3,000 customers and a million–plus users in 80 countries to help companies keep their people safe, their products sustainable and their operations productive. Learn more about Sphera at www.sphera.com. Follow Sphera on LinkedIn.

Contact Information:
Astrid Dickinson
sphera@aspectusgroup.com


Synchronoss to Provide Wholesale Process Automation and Management to Brightspeed

Relationship to Support Brightspeed's Planned Fiber Deployments Across 20–State Footprint

Multi–Year Agreement Features interconnectNOW and Financial Analytics
to Help Orchestrate Service Requests and Manage Trading Partner Expense

BRIDGEWATER, N.J., May 09, 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies Inc. ("Synchronoss" or the "Company") (Nasdaq: SNCR), a global leader and innovator in cloud, messaging and digital products and platforms, today announced that it has signed a multi–year agreement with Brightspeed, a provider of broadband and telecommunications services expected to have operations in 20 States. Brightspeed will initially be comprised of the incumbent local exchange carrier (ILEC) assets and associated operations of Lumen Technologies (NYSE: LUMN), which are the subject of a pending acquisition by Apollo–managed funds (NYSE: APO).

Brightspeed will utilize two key modules from the Synchronoss networkX Platform – interconnectNOW (iNOW) and Financial Analytics (FA) "" for its planned fiber deployments throughout its multi–state territory across rural and suburban regions of the United States.

Brightspeed previously announced plans to invest more than $2 billion to build a network that will bring faster, more reliable Internet and Wi–Fi to communities throughout the Midwest, Southeast, and certain parts of Pennsylvania and New Jersey. The company's planned fiber optics transformation is expected to reach up to three million homes and businesses over the next five years, including in many places where fiber and advanced technology have not historically been deployed.

"As Brightspeed continues to build out its fiber optics network, iNOW and Financial Analytics will be integral in managing the company's wholesale carrier operations," said Chris Hill, Chief Commercial Officer at Synchronoss. "Automating and orchestrating orders throughout the lifecycle will enable Brightspeed to keep pace with customer requests and realize revenue faster."

"Our partnership with Synchronoss will provide us access to their state–of–the–art platforms to achieve exceptional efficiencies in managing our wholesale carrier orders and trading partner transactions," said Chris Creager, Chief Administration Officer of Brightspeed. "From end–to–end, iNOW will enable us to track orders and help us deliver world–class connectivity products and services to the communities we look forward to serving."

The iNOW platform eliminates manual handling of service orders and manages the full lifecycle between customer and supplier via automation and rules–based validation. It provides a single interface and database for all buyer and supplier orders, making it easy to track orders from receipt to fulfillment, reconciles billing, and provides real–time reporting – shortening time to revenue.

The Financial Analytics platform streamlines the management of complex carrier invoicing via automated workflow and intuitive rules engines for auditing, accounting, validation, and payment of invoices. FA empowers service providers such as Brightspeed with the necessary tools and processes to ensure intercarrier expenses are thoroughly analyzed and confirmed prior to payment.

Leading service providers from around the world utilize Synchronoss and the iNOW platform to manage 39 million orders and transactions annually from 5,000 integrated operators.

About Synchronoss

Synchronoss Technologies (Nasdaq: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company's collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services, and content they love. That's why more than 1,500 talented Synchronoss employees worldwide strive each day to reimagine a world in sync. Learn more at www.synchronoss.com.

About Brightspeed

Headquartered in Charlotte, N.C. and expected to have assets and associated operations in 20 states, Brightspeed will provide broadband and telecommunications services through a network platform capable of serving more than six million homes and businesses. The company aims to bridge the digital divide by deploying a state–of–the–art fiber network and a customer experience that makes staying connected simple and seamless. Learn more at www.brightspeed.com.

Synchronoss

Media Relations Contact:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Investor Relations Contact:
Matt Glover / Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com

Brightspeed

Media Relations Contact:
Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
(212) 355–4449
pr@brightspeed.com