Lumine Group has completed its acquisition of Synchronoss Technologies, a cloud platforms and software-as-a-service provider, in an all-cash transaction. The deal valued Synchronoss at approximately $116.4 million in equity value and $258.4 million in enterprise value, following stockholder approval obtained on February 12, 2026.
As a result of the transaction's completion, Synchronoss Technologies' common stock has ceased trading on the Nasdaq. The acquisition marks Lumine Group's continued expansion strategy through the addition of Synchronoss's cloud and software capabilities to its portfolio.
The all-cash structure of the deal provided certainty of value for Synchronoss shareholders and represents a significant transaction in the enterprise software and cloud services sector.