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Synchronoss Technologies Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, March 12, 2024

BRIDGEWATER, N.J., March 12, 2024 (GLOBE NEWSWIRE) -- Synchronoss Technologies Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a global leader and innovator in personal Cloud platforms, today reported financial results for its fourth quarter ended December 31, 2023.

Key Points: 
  • Full Year 2023 Financial Results:
    Results compare 2023 fiscal year end (December 31, 2023) to 2022 fiscal year end (December 31, 2022) unless otherwise indicated.
  • Synchronoss will hold a conference call today, March 12, 2024, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss these results.
  • Synchronoss uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating Synchronoss’ ongoing operational performance.
  • As previously mentioned, a reconciliation of GAAP to non-GAAP results has been provided in the financial statement tables included in this press release.

Tips For Creating a Culture of Appreciation in the Post-Covid Remote Work Era

Retrieved on: 
Wednesday, February 28, 2024

NEW YORK, Feb. 28, 2024 /PRNewswire/ -- A recently recirculated HBR article highlights that employees need both recognition and appreciation to feel motivated, noting that there is a big difference between these two often interchangeably used nouns. While recognition is used to praise workplace achievements and is often linked to financial incentive, appreciation is the act of recognizing someone's inherent value, which is fostered through the acts of connection and support.

Key Points: 
  • It is preferable to avoid giving different denominations to individuals based on title, years of work or other factors.
  • While 23% of employers who send gift cards for Employee Appreciation Day send gift cards valued at $25 or greater, the most popular denomination used for Employee Appreciation gift cards in 2023 was just $10 per person!
  • It shows that you are genuinely listening to them and care about what they have to say.
  • In fact, last year, 71% of Employee Appreciation Day campaigns created on the CardSnack's platform were created within 2 days of Employee Appreciation Day!

Synchronoss Successfully Completes Post-Divestiture Cost Removals, Resulting in Approximately $15 Million in Annual Savings

Retrieved on: 
Thursday, February 15, 2024

Today, Synchronoss confirmed the successful elimination of approximately $15 million in annualized costs, signifying the completed consolidation of its standalone Cloud operations.

Key Points: 
  • Today, Synchronoss confirmed the successful elimination of approximately $15 million in annualized costs, signifying the completed consolidation of its standalone Cloud operations.
  • The cost reductions included the elimination of approximately 12% of employee-related expenses from the remaining Cloud business, intended to right-size the Company for optimized performance.
  • Total Revenue: For the full year 2023, Synchronoss anticipates meeting or exceeding the upper end of its revenue guidance, with expectations previously set between $162 million and $164 million.
  • *
    Cash and Cash Equivalents: As of December 31, 2023, Synchronoss had a strengthened cash balance of $24.6 million.

KYN Capital Group Announces Koinfold 2.0 is Now Available on the iOS Store

Retrieved on: 
Tuesday, January 30, 2024

RANCHO CORDOVA, CA, Jan. 30, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- KYN Capital Group (OTC:KYNC) is pleased to announce a new upgraded version for Koinfold 2.0. has been approved and released on the iOS store.

Key Points: 
  • RANCHO CORDOVA, CA, Jan. 30, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- KYN Capital Group (OTC:KYNC) is pleased to announce a new upgraded version for Koinfold 2.0. has been approved and released on the iOS store.
  • Check out the New Features:
    “Learn to Earn” gives the user $10,000 in play cryptocurrency to test the market, no risk.
  • “Our Koinfold 2.0 iOS and Google Play versions have been over 2 years in development.
  • We are excited to announce many additional features in the upcoming months and to start the marketing of Koinfold and continue to build our community.

Deutsche Telekom Awards Mavenir Cloud-Native Messaging Contracts Driving 5G Readiness Across Four Networks in Europe

Retrieved on: 
Thursday, January 25, 2024

Mavenir is implementing its fully cloud-native Message Controller solution across four Deutsche Telekom properties in Europe.

Key Points: 
  • Mavenir is implementing its fully cloud-native Message Controller solution across four Deutsche Telekom properties in Europe.
  • Mavenir’s award winning and world-leading secure messaging solution is designed to help operators realise revenue growth across multi-generation networks 2G, 3G, 4G, 5G and beyond through secured Application to Person (A2P) messaging.
  • In the Message Controller, Mavenir has consolidated the messaging needs in all the generation of networks (2G/3G/4G/IMS/5G) in a single solution to avoid creating unnecessary complexity.
  • “We have a long and successful relationship with Deutsche Telekom and are proud to be their partner in this multi-country deployment.”

Altova Announces MobileTogether 9.0 with MQTT Support

Retrieved on: 
Tuesday, January 16, 2024

This release introduces full support for MQTT, allowing developers to build MQTT-enabled apps for communication among smart devices.

Key Points: 
  • This release introduces full support for MQTT, allowing developers to build MQTT-enabled apps for communication among smart devices.
  • MQTT (Message Queuing Telemetry Transport) is a lightweight messaging protocol used for communication by smart devices.
  • MobileTogether 9.0 introduces complete support for building MQTT-enabled apps with new actions, page events, and variables for interacting with an MQTT network as a publisher, a subscriber, or both.
  • "MQTT support in MobileTogether opens new possibilities for developers to build highly effective solutions in the rapidly evolving landscape of smart devices and IoT," said Alexander Falk, President and CEO for Altova.

Lawrence Phillips, MD, FASNC, Installed as ASNC's President for 2024

Retrieved on: 
Monday, January 8, 2024

FAIRFAX, Va., Jan. 8, 2024 /PRNewswire/ -- Lawrence Phillips, MD, FASNC, director of nuclear cardiology and medical director for outpatient cardiology at NYU Langone Health, was installed as president of the American Society of Nuclear Cardiology (ASNC). He will serve as leader of the organization for the next year. Dr. Phillips is an associate professor of medicine in the Leon H. Charney Division of Cardiology and associate director of the training program in cardiovascular diseases at NYU Grossman School of Medicine. He launched his presidential term with an editorial urging nuclear cardiology professionals to view their field as "a team sport" and embrace education and quality improvement efforts that will unlock the field's potential for the future. His President's Message is published online in the Journal of Nuclear Cardiology.

Key Points: 
  • FAIRFAX, Va., Jan. 8, 2024 /PRNewswire/ -- Lawrence Phillips, MD, FASNC, director of nuclear cardiology and medical director for outpatient cardiology at NYU Langone Health, was installed as president of the American Society of Nuclear Cardiology (ASNC).
  • His President's Message is published online in the Journal of Nuclear Cardiology.
  • He completed his internal medicine residency and cardiovascular training fellowship at North Shore University Hospital in New York.
  • For nuclear cardiology news, follow Dr. Phillips on X (formerly Twitter) at @LPhillipsMD and @MyASNC.

Synchronoss Completes Cloud-Only Transformation, Reaffirms 2023 and 2024 Financial Projections

Retrieved on: 
Monday, December 11, 2023

BRIDGEWATER, N.J., Dec. 11, 2023 (GLOBE NEWSWIRE) --  Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a leading global provider of personal cloud software and services, today provided the following updates enabled by the completion of its cloud-only transformation.

Key Points: 
  • In line with its prior communications, management expects to achieve positive cash flow on an unadjusted basis for 2023, and it still expects 2023 adjusted EBITDA to range between $27 million and $30 million.
  • These projections position Synchronoss within the recognized ‘Rule of 30’ and on the path to ‘Rule of 40’ in the coming years.
  • “Synchronoss’ transformation to a Cloud-only business is now complete,” stated Jeff Miller, CEO of Synchronoss.
  • To date, we have identified approximately $15M of annualized costs which we will have acted on by the end of 2023.

Language I/O Names Sheridan Orr Chief Marketing Officer Amid Rapid Growth

Retrieved on: 
Tuesday, December 19, 2023

CHEYENNE, Wyo., Dec. 19, 2023 /PRNewswire/ -- Language I/O, a leader in real-time, business-accurate translation technology, today announced the appointment of Sheridan Orr to Chief Marketing Officer (CMO). Orr, who's based in North Carolina, previously served as a Managing Partner at The GTM Collective and was the CMO of Built In for over three years.

Key Points: 
  • Leader in real-time translation technology continues upward trajectory with new CMO, machine learning lead and product updates
    CHEYENNE, Wyo., Dec. 19, 2023 /PRNewswire/ -- Language I/O , a leader in real-time, business-accurate translation technology, today announced the appointment of Sheridan Orr to Chief Marketing Officer (CMO).
  • "Language I/O has the most innovative and secure approach to leveraging AI to connect companies and their customers across language barriers," said Orr.
  • "2023 marked a pivotal moment of expansion and visibility for Language I/O," said Heather Shoemaker , founder and CEO at Language I/O.
  • First, they've included support for the Salesforce Messaging version of Salesforce Service Cloud within the Language I/O translation apps for Salesforce.