Synchronoss Technologies To Acquire F-Secure Personal Cloud Assets - Quick Facts

(RTTNews) - Synchronoss Technologies Inc. (SNCR) said it has agreed to acquire personal cloud assets from F-Secure Corporation for about $60 million in cash. The deal is expected to close by the end of the first quarter of fiscal 2015.

F-Secure is an online security and privacy company that offers millions of people around the globe the power to safely surf, store and share information via the internet.

Synchronoss noted that with the acquisition and combined with its global footprint, it will now service over 75 mobile operators, including nine Tier One global providers. These mobile operators will offer Synchronoss direct access to over 3.5 billion subscribers around the world for its personal cloud platform.

As part of the deal, Synchronoss will also have the ability to integrate and sell F-Secure products as part of its Personal Cloud offering, which will offer operators and subscribers a more secure and safe cloud.

Synchronoss expects the acquisition will be neutral to slightly accretive, on a non-GAAP basis, to its full year 2015 financial results.