NJ TECH CORNER: Synchronoss Technologies
Photo: Stephen J. Waldis is CEO and Chairman of the Board at Synchronoss. Photo Credit: Courtesy Synchronoss
Stephen J. Waldis is CEO and Chairman of the Board at Synchronoss. | Courtesy Synchronoss

NJ Tech Weekly is pleased to announce the introduction of a new feature called NJ Tech Corner. Each month, we will feature a publicly held tech company and offer our readers a snapshot of who is in control of these companies, their current valuations, and other pertinent information that provides a more informed picture of them. NJ Tech Corner signifies our ongoing commitment to provide high-quality editorial coverage of New Jersey's technology sector that can't be found elsewhere. We'd like to thank Synchronoss for its cooperation in being NJ Tech Corner's first featured company. NJ Tech Corner is researched and written by NJ Tech Weekly contributor Marc Weinstein. We hope you enjoy NJ Tech Corner and would welcome any reader feedback.
 

Company Overview

Synchronoss Technologies Inc. is a provider of cloud solutions and software-based activation  for mobile carriers, enterprises, retailers and OEMs worldwide.  The company, based in Bridgewater, targets its services to the financial services, healthcare, life sciences and government sectors.  The company, which has locations in the U.S., Europe and Asia, has 1,895 full-time employees (as of Dec. 31, 2015).

Investment & Financial Information

Shares of common stock outstanding (as of Feb. 18, 2016): 

44,594,635

Share price of stock (as of market close June 17, 2016)

$34.10

Share price of stock (one year ago)

$49.82

Current valuation (as of June17, 2016)

$1.52 billion

Valuation one year ago

$2.15 billion

Stock Symbol:

NASDAQ: SNCR

Net Revenues (year ended Dec. 31, 2015):

$578.8 million

Net Revenues previous year

$457,3 million

Net Income ( Year ended Dec. 31, 2015)

$42.55 million

Net Income previous year:

$39.65 million

 

Management Team

Name

Age

Title

Stephen J. Waldis

48

Chairman of the Board of Directors, CEO

Robert Garcia

47 

President and COO

Karen Rosenberger

50

Executive Vice President, CFO, Treasurer

Ronald J. Prague

52

Executive Vice President, Chief Legal Officer, General Counsel, Secretary

David Schuette

50

Executive Vice President and President, Enterprise

Joel Silverman     

51

Executive Vice President of Americas

Patrick Doran 

42

Executive Vice President, Chief Technology Officer

Daniel Rizer  

52

Executive Vice President of Business Development and Product Management

David Berry

50

Executive Vice President and Chief Innovation Officer

 

Board of Directors                           

Name

Age

Title

James M. McCormick

56

Founder and Director

Donnie Moore

62

Formerly Senior VicePresident, Finance and Administration, and CFO of Cognos Inc.

Thomas J. Hopkins    

59

Managing Director of Colchester Capital LLC.

William J, Cadogan   

67

Formerly Senior Managing Director with Vestbridge Partners

Stephen J. Waldis

48

Founder, CEO and Chairman of the Board

Charles E. Hoffman

67

Dean of The College of Business, University of Missouri-St. Louis

Noteworthy Control

Name

Shares of common stock owned

% of total common shares

Stephen J. Waldis

935,101    

2.0%

James M. McCormick

3,125,561 

6.9%

FMR LLC

3,280,157

7.3%

BlackRock Inc.

3,832,174 

8.5%

Oak Ridge Investments     

2,554.166 

5.7%

RBC Global Asset Management  

2,616,977       

5.8%

The Vanguard Group 

2,887,460

6.4%

 

[All information for NJ Tech Corner was taken from the company's annual report and proxy statement, with the  exception of the company's stock price and valuation.]

 


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