Synchronoss Buying FusionOne for $75 Million
Synchronoss Technologies Inc. (Nasdaq: SNCR) has agreed to acquire FusionOne Inc., a San Jose, Calif.-based provider of mobile content transfer and synchronization technology. The deal includes an up-front payment of $32 million in cash and $8 million in stock, plus up to $35 million in earn-outs. FusionOne has raised over $140 million in VC funding, including a 2006 venture recap. Investors include El Dorado Venures, BlueRun Ventures, JPMorgan Partners, HP, Credit Suisse, Essex Financial, J&W Seligman and Pyramid Technology Ventures.
7 July 2010•4 mins read
