Street Cred Capital Selects Synchronoss to Offer Personal Cloud as Part of its Mobile Device Financing Program

BRIDGEWATER, N.J. , Aug. 09, 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. ("Synchronoss" or the "Company") (Nasdaq: SNCR), a global leader and innovator in cloud, messaging, and digital products and platforms, today announced that Street Cred Capital has signed a Letter of Intent to become a distributor of the Company's value–added Personal Cloud solution. Synchronoss' Personal Cloud product provides a turn–key solution for companies seeking to integrate or bundle personal cloud as a value–added service.

Serving leading North American carriers, MVNOs and retailers, Street Cred Capital offers six lending product options for financing new devices and value–added solutions. Integrated into the online and point–of–sale shopping experience, as well as the credit application flow, Street Cred Capital makes it extremely easy and affordable to purchase products and complementary services, significantly improving sales performance and increasing revenue.

The Synchronoss solution enables Street Cred Capital to offer a Personal Cloud bundle at a discounted rate as part of every financed purchase. This unique offer allows subscribers to backup, sync, and organize a broad range of digital files between devices and the cloud. Subscribers can finance cloud over 12, 18, and 24–month plans, and the value of each subscription will range from $50 to $400, depending on the type of plan selected.

Through its mobile sales channel ecosystem, Street Cred Capital offers funding solutions to address nearly 32 million customers. Personal Cloud is ideal for mobile carriers and MVNOs, internet service providers, security monitoring companies as well as insurance, financial services, and lenders to offer new, revenue–generating solutions and value–added bundles.

"We have successfully expanded our Synchronoss Cloud solutions to serve the needs of global service providers, insurance companies, and retailers, and Street Cred would represent an exciting new market opportunity for our personal cloud platform," said Jeff Miller, President and CEO of Synchronoss.

"Leveraging our vast mobile industry experience, we're focused on curating best–in–class products and services to enhance our financing program and provide additional value to the customers we serve," said Clint Fayling, CEO of Street Cred Capital. "Personal Cloud offers a complementary, value–added service that can be easily bundled with any Street Cred financing offer to increase average order value and customer lifetime value for our carrier, MVNO, and retail partners. We look forward to working with Synchronoss to deliver Personal Cloud solutions."

About Street Cred Capital
Street Cred Capital delivers the best–in–class lending solutions tailored for the mobile industry "" and its customers. A Colorado–based fintech leader, Street Cred provides fast and affordable lending tools that empower mobile device carriers and retailers to grow their businesses. In delivering a configurable portfolio of lending products and services that connect consumers to industry–leading lenders, Street Cred provides a streamlined customer qualification experience, the highest approval rates, and the most competitive customer rates in the marketplace. Learn more at www.streetcredcapital.com.

About Synchronoss
Synchronoss Technologies (Nasdaq: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company's collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services, and content they love. Learn more at www.synchronoss.com.

Media Relations Contact:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Investor Relations Contact:
Matt Glover / Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com


Synchronoss to Power Telkomsigma’s Launch of Two New Premium Personal Cloud Solutions in Indonesia

BRIDGEWATER, N.J., Aug. 03, 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. ("Synchronoss" or the "Company") (Nasdaq: SNCR), a global leader and innovator in cloud, messaging and digital products and platforms, today announced the official rollout of two new premium personal cloud solutions offered by Telkomsigma, a subsidiary of Telkom Indonesia, the country's largest telecom operator. Following the agreement in November, Telkomsigma is now making its Floudrive service, powered by Synchronoss Personal Cloud, available to university students and Telkomsel mobile customers.

As the IT Services and Data Center arm of Telkomsel, Telkomsigma is utilizing the Synchronoss Personal Cloud platform for its Floudrive service, offering a reliable and intuitive cloud storage experience with the ability to backup and restore digital content, including photos, video, texts, and other files. To ensure compliance with Indonesia's data storage laws, Synchronoss has partnered with Alibaba, leveraging their in–country IT infrastructure.

Beginning in September, Telkomsigma will offer incoming university students a free Floudrive account that includes 50 gigabytes of cloud storage, which can be used to backup all digital content as well as share files and photos. The free bundle is the first of its kind and offered through select universities in Indonesia. Additionally, Telkomsigma will offer a premium version of Floudrive to 170 million Telkomsel mobile customers. The premium service will include 100 gigabytes of storage.

"We are excited to rollout these two new premium personal cloud solutions that leverage the Synchronoss Personal Cloud platform, especially within the universities, which is an industry–first," said Tanto Suratno, Director of Business and Sales, Telkomsigma. "The combination of Synchronoss and Alibaba will enable us to keep pace with the millions of subscribers that will take advantage of our free and premium Floudrive services."

"Telkomsigma, Telkomsel, and Telkom Indonesia understand the unique market opportunity to deliver personal cloud solutions that will enable a broad range of digital services to subscribers throughout Indonesia," said Patrick Doran, Chief Technology Officer at Synchronoss. "Knowing that local data sovereignty is a critical customer requirement, we certified our technology platform on the Alibaba Cloud platform, delivering a white–label personal cloud solution that is secure, reliable, scalable, and in–country."

Leading Tier One service providers utilize Synchronoss Personal Cloud, Synchronoss Email Suite, or both to manage more than 250 million subscribers worldwide, storing and managing more than 142 petabytes of data.

About Synchronoss
Synchronoss Technologies (Nasdaq: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company's collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services, and content they love. Learn more at www.synchronoss.com.

Media Relations Contact:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Investor Relations Contact:
Matt Glover / Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com