Synchronoss declares accelerated cloud subscriber growth in 2021 fourth quarter

KUALA LUMPUR, Feb 3 -- Synchronoss Technologies Inc (Synchronoss or the Company), a global leader and innovator in cloud, messaging and digital products and platforms, has reported an 18 per cent year-over-year increase in subscribers within its Synchronoss Cloud business for the fourth quarter of 2021.

Based on a statement, the 18 per cent increase represents an acceleration from 16 per cent growth in the prior quarter and 15 per cent growth in the same period in 2020.

The key drivers behind the Company’s continued cloud subscriber growth include further adoption by existing customers, such as Verizon, AT&T, Tracfone, and Assurant, as well as the signing of new Synchronoss Cloud customers in its largest and most strategic business segment.

In 2021, Synchronoss secured cloud contracts with four new customers, including Allstate Protection Plans, Telkomsel, TelkomSigma and Kitamura. Allstate Protection Plans launched last year while the other three new customers are scheduled to roll out cloud offerings in 2022.

“The strength of our cloud subscriber performance in Q4 2021 reflects our commitment to Synchronoss Cloud as the future growth driver of our business,” said President and Chief Executive Officer of Synchronoss, Jeff Miller.

“We are continuing to place greater focus on this strategic platform, delivering new offerings, feature enhancements, and user experiences to support our global expansion.”

Synchronoss Cloud is a white-label platform that enables users to backup, sync, and organise photos, videos, contacts and more between any device and the cloud.

The Synchronoss Cloud offering is currently integrated into a range of mobile and wireline service plans as well as other bundled offerings. The platform provides an easy way to securely manage, share, and safeguard all types of digital content.

Synchronoss will provide more detail on its cloud subscriber metrics when it reports complete financial results for the fourth quarter and full year 2021 in March.

The details of the conference call will be provided prior to the event in the coming weeks.

-- BERNAMA