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Synchronoss Lands Time Warner Cable As Customer (SNCR, TWC)
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Synchronoss Technologies, Inc. (NASDAQ: SNCR) has announced that its ConvergenceNow platform has been selected for the activation and lifecycle management of Time Warner Cable’s (NYSEL TWC) triple play offering for online transactions.
While financial terms weren’t formally disclosed, Synchronoss will support the online activation and provisioning of triple play services for Voice, High-speed Internet and Video, as well as other offerings.
If any company needed a new large customer it was Synchronoss. The company has been plagued of late by issues surrounding the iPhone sign-ups and others in a contracting industry. As of yesterday, shares were down more than 75% from their 52-week highs. Shares are indicated up almost 4% pre-market at $10.26 in very thin pre-market trading.
Jon C. Ogg
June 26, 2008
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