M&A Deal Summary

Lumine Group Acquires Synchronoss - Messaging & NetworkX Business Units

On November 1, 2023, Lumine Group acquired communications company Synchronoss - Messaging & NetworkX Business Units from Synchronoss

Acquisition Highlights
  • This is Lumine Group’s 2nd transaction in the Communications sector.
  • This is Lumine Group’s 6th transaction in the United States.
  • This is Lumine Group’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2023-11-01
Target Synchronoss - Messaging & NetworkX Business Units
Sector Communications
Buyer(s) Lumine Group
Sellers(s) Synchronoss
Deal Type Divestiture

Target

Synchronoss - Messaging & NetworkX Business Units

Bridgewater, New Jersey, United States
Synchronoss' Messaging & NetworkX Business Units is a communications service provider.

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Buyer(S) 1

Buyer

Lumine Group

Mississauga, Ontario, Canada
Category Company
Sector Communications
DESCRIPTION

Lumine Group is a provider of communications and media software portfolios. Lumine offers communications and media software companies the ability to grow, retain independence, and focus on the needs of their customers and employees, with the strong financial backing of Volaris. Lumine Group is based in Mississauga, Ontario.

DEAL STATS #
Overall 10 of 12
Sector (Communications) 2 of 3
Type (Divestiture) 2 of 4
State (New Jersey) 1 of 1
Country (United States) 6 of 7
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-17 Titan.ium

Lowell, Massachusetts, United States

Titan.ium provides flexible and powerful platforms for telecommunication and government organizations to build out global carrier networks and secure private communication services. Titan.ium is based in Lowell, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-20 Nokia - Device Management and Service Management Platform businesses

Finland

Nokia’s Device Management software capabilities help communication service providers remotely manage home broadband access devices, as well as IoT sensors and devices from a variety of different vendors; while the Nokia’s Service Management Platform improves customer care service, with coverage spanning more than 150 deployments worldwide and more than 1 billion devices under management.

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 3 of 3
Sector (Communications) 1 of 1
Type (Divestiture) 3 of 3
State (New Jersey) 2 of 2
Country (United States) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-08 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.

Sell $14M
Mergr

Product

Company

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