Synchronoss launched its next-gen Personal Cloud™ platform, enhancing digital file storage and backup with new AI tools and user features.
Quiver AI Summary
Synchronoss Technologies, Inc. has launched the next-generation Synchronoss Personal Cloud™ platform at CES 2025, targeting global carriers such as AT&T, Verizon, and SoftBank. This cloud solution enables users to easily back up and store their photos, videos, and digital files across mobile devices, with support for over 11 million subscribers and the capability to process 50 million photos daily. The updated platform features enhanced AI photo editing tools and a user-friendly interface, prioritizing data security and privacy by avoiding user behavior monitoring and ads. New functionalities include improved backup options for iPhone and Android users, customizable slideshows, and advanced editing tools within the photo editor. Synchronoss aims to empower users by optimizing their digital experiences while maintaining a focus on innovation in cloud services.
Potential Positives
- Launch of the next-generation Synchronoss Personal Cloud™ platform at CES 2025 positions the company as a leader in cloud innovation.
- Partnerships with major carriers like AT&T, Verizon, and SoftBank enhance market reach and validate the product.
- Introduction of AI-powered photo editing tools and a user-friendly interface significantly improves user experience, potentially increasing subscriber retention.
- The platform's focus on data security and privacy differentiates it from third-party services, appealing to privacy-conscious consumers.
Potential Negatives
- Despite the announcement of new features and enhancements, the press release does not provide specifics on how these upgrades differentiate Synchronoss Personal Cloud from similar offerings by competitors, which may lead to questions about its unique value proposition.
- The mention of managing 230 petabytes of storage may raise concerns regarding scalability and performance, as the growing volume of data could strain the system if user adoption increases significantly.
- The reliance on major telecom carriers for distribution and its white-label nature could limit Synchronoss's brand recognition and direct control over customer engagement and experience.
FAQ
What is the Synchronoss Personal Cloud™ platform?
The Synchronoss Personal Cloud™ platform is a global cloud storage solution for backing up and managing digital files, photos, and videos.
Which carriers support Synchronoss Personal Cloud?
Synchronoss Personal Cloud is available through AT&T, Verizon, SoftBank, and other global carriers.
What are the enhanced features of the new Synchronoss Personal Cloud?
The new features include AI-powered photo editing tools, customizable slideshows, and improved backup functionality for both iPhone and Android users.
How does Synchronoss ensure user data security?
Synchronoss Personal Cloud is designed for service providers, ensuring data security and privacy without monitoring user behavior or displaying ads.
What improvements have been made for iPhone and Android users?
iPhone users benefit from automatic photo and video backups, while Android users enjoy enhanced folder functionality and control over backup options.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SNCR Insider Trading Activity
$SNCR insiders have traded $SNCR stock on the open market 25 times in the past 6 months. Of those trades, 0 have been purchases and 25 have been sales.
Here’s a breakdown of recent trading of $SNCR stock by insiders over the last 6 months:
- MARTIN FRANCIS BERNSTEIN has traded it 5 times. They made 0 purchases and 5 sales, selling 17,277 shares.
- LOU FERRARO (Chief Financial Officer) has traded it 2 times. They made 0 purchases and 2 sales, selling 5,768 shares.
- JEFFREY GEORGE MILLER (Chief Executive Officer) sold 12,000 shares.
- CHRISTINA GABRYS (EVP and Chief Legal Officer) sold 4,842 shares.
- PATRICK JOSEPH DORAN (EVP & Chief Technology Officer) sold 3,250 shares.
- RILEY FINANCIAL, INC. B. has traded it 15 times. They made 0 purchases and 15 sales, selling 430,603 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SNCR Hedge Fund Activity
We have seen 44 institutional investors add shares of $SNCR stock to their portfolio, and 12 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- B. RILEY FINANCIAL, INC. removed 660,630 shares (-46.7%) from their portfolio in Q3 2024
- KENNEDY CAPITAL MANAGEMENT LLC removed 141,061 shares (-100.0%) from their portfolio in Q3 2024
- BOOTHBAY FUND MANAGEMENT, LLC removed 124,803 shares (-57.6%) from their portfolio in Q3 2024
- OSAIC HOLDINGS, INC. added 84,804 shares (+21201.0%) to their portfolio in Q3 2024
- AMH EQUITY LTD added 79,520 shares (+inf%) to their portfolio in Q3 2024
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 73,462 shares (+inf%) to their portfolio in Q3 2024
- LPL FINANCIAL LLC added 63,013 shares (+inf%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
BRIDGEWATER, N.J., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a global leader and innovator in personal cloud platforms, today announced the launch of the next-generation Synchronoss Personal Cloud™ platform at CES 2025 in Las Vegas.
Available through AT&T, Verizon, and SoftBank, as well as other carriers globally, Synchronoss Personal Cloud makes it easy for users to store and backup photos, videos, and other digital files between mobile devices and the cloud. The white-label cloud solution now supports over 11 million subscribers worldwide, processing upwards of 50 million photos every day, and managing 230 petabytes of storage.
The new version of Synchronoss Personal Cloud delivers significant enhancements including expanded AI-powered photo editing tools and a significantly improved interface, making the user experience even easier, more engaging and fun.
Synchronoss Personal Cloud is purpose-built for service providers and telecom operators, ensuring the utmost data security and privacy. Unlike third-party over-the-top cloud solutions, Synchronoss Personal Cloud does not monitor user behavior nor integrate ads into the user experience. The cross-platform app supports an array of devices and offers a simple storage and fee structure, putting power into the hands of users on how (and what) they want to backup and protect.
“At Synchronoss, we’re committed to helping users protect and optimize their digital lives,” said Jeff Miller, President and CEO of Synchronoss. “With this new version of Synchronoss Personal Cloud, beyond secure storage, we are delivering a platform that empowers subscribers to fully enjoy their digital experiences. The latest enhancements to the platform reaffirm our dedication to innovation and excellence in the cloud market.”
Improved Backup Functionality
For iPhone users, the latest backup enhancements automatically download, backup, and remove original high-resolution photos and videos when iOS Storage Optimization is enabled. This innovative approach ensures content is always up-to-date while maximizing available device storage.
Android users have greater control over their backups with improved folder functionality. Subscribers can now discover and preview third-party app folders directly from the home screen and specify which content to backup.
Enhanced Photo Editing & Optimization
The latest version of Synchronoss Personal Cloud elevates the way users interact with their photos. The “Memories” feature now offers customizable slideshows complete with atmospheric soundtracks, creating an immersive experience for users to share their favorite moments.
The AI-powered Genius photo editing suite continues to push creative boundaries with new tools and features. A dedicated “Edited Photos” album makes it easier than ever to access enhanced images, while an expanded range of Genius Styles includes 3D, Sketch, Anime, Art Style, and Color Pop options. Additionally, the photo editor now includes advanced tools such as a Background Remover, Emojis, and Smart Stickers, providing users with endless customization options.
Meet Synchronoss at CES
Schedule a meeting with Synchronoss executives at CES here: https://synchronoss.com/events/#ces2025
About Synchronoss
Synchronoss Technologies (Nasdaq: SNCR), a global leader in personal Cloud solutions, empowers service providers to establish secure and meaningful connections with their subscribers. Our SaaS Cloud platform simplifies onboarding processes and fosters subscriber engagement, resulting in enhanced revenue streams, reduced expenses, and faster time-to-market. Millions of subscribers trust Synchronoss to safeguard their most cherished memories and important digital content. Explore how our Cloud-focused solutions redefine the way you connect with your digital world at www.synchronoss.com .
Media Relations Contact:
Domenick Cilea
Springboard
[email protected]
Investor Relations Contact:
Ryan Gardella
ICR for Synchronoss
[email protected]