Software maker Synchronoss Technologies Inc said it bought NewBay, the cloud services unit of Research In Motion Ltd , for $55.5 million in cash. NewBay's software allows users to store, share and access digital content across any device connected to the Internet. Synchronoss helps companies manage the activation, synchronization and management of connected devices."We believe that the combination of NewBay and Synchronoss will further ensure the success of the significant cloud services launch being prepared at Verizon Wireless, which remains on schedule," Synchronoss Chief Executive Stephen Waldis said in a statement.NewBay's European customers include Vodafone Group Plc , Swisscom AG and T-Mobile. Its customers in the United States include AT&T Inc and Verizon Communications Inc.Synchronoss expects the acquisition to be neutral or slightly accretive to its full year 2013 financial results on an adjusted basis.
Synchronoss Technologies, Inc. (Synchronoss) is a provider of on-demand transaction management solutions. Shares of SNCR fell by 0.49% or $-0.1/share to $20.49. In the past year, the shares have traded as low as $16.89 and as high as $38.90. On average, 200920 shares of SNCR exchange hands on a given day and today's volume is recorded at 175639.
AT&T Inc. (AT&T) is a holding company. AT&T is a provider of telecommunications services in the United States and worldwide. Shares of T fell by 0.36% or $-0.12/share to $33.66. In the past year, the shares have traded as low as $29.02 and as high as $38.58. On average, 26918900 shares of T exchange hands on a given day and today's volume is recorded at 24245496.
Vodafone Group Plc (Vodafone) is a mobile communications company operating across the globe providing a range of communications services. Shares of VOD traded higher by 0.44% or $0.11/share to $25.21. In the past year, the shares have traded as low as $24.95 and as high as $30.07. On average, 8260360 shares of VOD exchange hands on a given day and today's volume is recorded at 11167089.
Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ traded higher by 0.07% or $0.03/share to $43.48. In the past year, the shares have traded as low as $36.80 and as high as $48.77. On average, 13366600 shares of VZ exchange hands on a given day and today's volume is recorded at 9366072.
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