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.
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+).
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