Synchronoss and Verizon Sign Cloud Contract Extension through 2030
19 Julho 2023 - 9:00AM
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 signing of
a seven-year contract with Verizon (NYSE: VZ) until June 30, 2030.
The extended agreement provides Verizon and its cloud subscribers
with a long-term, predictable model of support and ongoing
investment in continued product evolution that will build upon new
capabilities, leveraging artificial intelligence and machine
learning.
The Synchronoss Personal Cloud platform has powered a range of
Verizon service offerings and bundles for 10 years demonstrating
the collaboration and mutual trust between the companies.
Purpose-built for global service providers, Synchronoss Personal
Cloud currently supports over 10 million subscribers worldwide,
delivering compelling solutions for storage of consumers’ most
important content. The scalable platform manages the ingest of more
than fifty million photos, videos and other user generated content
per day, comprised of 200-plus petabytes of storage.
“For more than a decade, Synchronoss has been instrumental in
helping us deliver personal cloud solutions to our valued
subscribers,” said Che Phillip, Senior Vice President - Consumer
Product & Device Marketing. “This new contract extension will
enable the long-term growth of our portfolio of value-added cloud
services that leverage the Verizon 5G network and create enhanced
value within Verizon’s innovative offers, like the discounted Cloud
Perk available as a part of Verizon’s newly launched personalized
myPlan offering.”
“The long-term partnership with Verizon underscores the value we
deliver to their subscriber base and reinforces Verizon’s
confidence in our platform and the advanced features that deliver
the best user experience,” said Jeff Miller, President and CEO of
Synchronoss. “In addition to providing continued growth
opportunities for our cloud business, this agreement represents the
next foundational step in validating our cloud-first strategy that
will serve our customers, employees, and shareholders well over
time.”
A key aspect of the extended agreement is the strategic
commitment to research and development investments designed to keep
Synchronoss and Verizon at the forefront of technological
advancement to meet evolving customer needs and anticipate market
trends and challenges. The latest version of Synchronoss Personal
Cloud integrates AI functionality, giving users new ways to
enhance, create, and share all types of digital content.
Additionally, deep learning provides new ways to organize and
manage content by automatically categorizing and tagging photos,
facilitating convenient access to desired content. For the second
year in a row, Synchronoss Personal Cloud was recognized as a 2023
‘Product of the Year’ winner from TMC’s Cloud Computing Magazine.
The platform was recently acknowledged by the 2023 People’s Choice
Stevie® Awards for favorite new products.
For more information on Synchronoss Personal Cloud, visit:
https://synchronoss.com/products/engagex/cloud/.
About SynchronossSynchronoss 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
CileaSpringboarddcilea@springboardpr.com
Investor Relations Contact:Matt Glover and Tom
ColtonGateway Group, Inc.SNCR@gateway-grp.com
Synchronoss Technologies (NASDAQ:SNCR)
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