M&A Deal Summary

iQmetrix Acquires Synchronoss Technologies - Digital Experience Platform and Activation Solutions

On March 8, 2022, iQmetrix acquired software company Synchronoss Technologies - Digital Experience Platform and Activation Solutions from Synchronoss for 14M USD

Acquisition Highlights
  • This is iQmetrix’s 2nd transaction in the Software sector.
  • This is iQmetrix’s largest (disclosed) transaction.
  • This is iQmetrix’s 3rd transaction in the United States.
  • This is iQmetrix’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2022-03-08
Target Synchronoss Technologies - Digital Experience Platform and Activation Solutions
Sector Software
Buyer(s) iQmetrix
Sellers(s) Synchronoss
Deal Type Divestiture
Deal Value 14M USD

Target

Synchronoss Technologies - Digital Experience Platform and Activation Solutions

Bridgewater, New Jersey, United States
Synchronoss Technologies, Inc.'s Digital Experience Platform (DXP) and Activation Solutions (Activation) enable telecom operators and retailers around the globe to create, orchestrate, and manage digital experiences across all channels. Using a low-code approach, DXP allows users to easily create, integrate, and publish customer journeys and experiences through simple drag-and-drop configurations.

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Buyer(S) 1

Buyer

iQmetrix

Vancouver, British Columbia, Canada
Category Company
Founded 1999
Sector Software
DESCRIPTION

iQmetrix’s intelligent retail management software is designed to power the telecom industry. iQmetrix software is built around enabling telecom retailers to deliver a buy-anywhere strategy through multi-channel inventory management and digital retail solutions; make data-driven decisions using powerful reporting; and unify storefronts and digital channels for a consistent customer experience, in-store, online, and anywhere else. iQmetrix was founded in 1999 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 3 of 3
Sector (Software) 2 of 2
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 3 of 3
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 Viva Tracker

Detroit, Michigan, United States

Viva Tracker is a web-based software system that was built to help T-Mobile Premium Retailers keep track of sales, key metrics, commissions, employee information, time keeping, scheduling communications, documents, inventory, and reconciliations. Viva Tracker was founded in 2011 and is based in Detroit, Michigan.

Buy -

Seller(S) 1

SELLER

Synchronoss

Bridgewater, New Jersey, United States
Category Company
Founded 2000
Sector Software
Employees1,321
Revenue 164M USD (2023)
DESCRIPTION

Synchronoss is a provider of cloud solutions and software based activation serving communication service providers. Synchronoss was founded in 2000 and is based in Bridgewater, New Jersey.

DEAL STATS #
Overall 2 of 3
Sector (Software) 1 of 1
Type (Divestiture) 2 of 3
State (New Jersey) 1 of 2
Country (United States) 2 of 3
Year (2022) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-04 Dixons Carphone - Honeybee Software Business

London, United Kingdom

Dixons Carphone plc - Honeybee Software Business offers a proven, market-leading digital transformation platform that makes it easier for companies to design and launch exceptional omni-channel customer journeys.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Synchronoss - Messaging & NetworkX Business Units

Bridgewater, New Jersey, United States

Synchronoss' Messaging & NetworkX Business Units is a communications service provider.

Sell -
Mergr

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