Synchronoss Buys Mobile Social Network Maker Miyowa For Up To $59M In Cash

Synchronoss, a provider of automation software, mobility management and cloud technology solutions, has acquired mobile social networking company Miyowa for $45.5 million in cash. In addition, Synchronoss may pay earn-outs of up to an additional $13.5 million in cash based on Miyowa achieving certain performance targets over the next four quarters.

Synchronoss, which is listed on NASDAQ, says it will leverage Miyowa’s social networking and mobile messaging technology to boost its existing mobility platform for connected devices (dubbed ConvergenceNow Plus+).

Headquartered in Marseille, France, privately-held Miyowa provides mobile social networking software to phone manufacturers like HTC, Samsung and ZTE, and carriers like Orange.

Miyowa claims it can be found on over 100 million devices throughout North America and Europe.

Miyowa is the global leader in unifying the mobile social experience. Its foremost solution, InTouch5â„¢, aggregates a user’s social networks, IM & Mail in one interface at the heart of the mobile device. A global company with an exemplary track record of innovation and delivery, Miyowa has established a loyal customer base that includes more than 30 mobile operators across the world. A reputation built on easy-to-deploy, easy-to-use products, Miyowa prides itself on delivering the ultimate end-user focused solutions across the industry’s...

Synchronoss Technologies, Inc. provides multi-channel transaction management solutions to the communications services and digital content marketplaces primarily in North America. It offers ActivationNow and ConvergenceNow platforms, which are hosted services delivered over the Internet or a dedicated communication channel that provides work flow management. The company’s ActivationNow and ConvergenceNow platforms comprise PerformancePartner Portal, a graphical user interface that enables the entry of transaction data into the gateway; Gateway Manager, which provides the capability to fulfill multiple transactions; WorkFlow Manager...