Synchronoss Technologies, a provider of on-demand transaction management software to communications service providers, has agreed to acquire privately held Wisor Telecom for approximately $18 million in cash.
The company currently expects the transaction to close by September 15, 2008, and be neutral to its non-GAAP earnings per share for the full year 2008.
The acquisition is expected to expand Synchronoss’s customer and technology footprint, in particular related to service provider-to-service provider automation, in addition to augmenting the company’s global R&D and operations capabilities.
Stephen Waldis, president and CEO of Synchronoss Technologies, said: We believe our acquisition of Wisor Telecom is positive for the company, as well as our customers and shareholders. The addition of Wisor’s solution will expand Synchronoss’ technology footprint to over 90% of all major carriers in the US.