Synchronoss Technologies Inc. announced a new release version of its ConvergenceNow(R) Plus+/-software which provides original equipment manufacturers (OEMs), service providers and e-tailers/retailers the capability to accelerate the launch of a wide range of connected-devices and services. Global customers currently utilize Synchronoss' on-demand subscriber activation and management platform to accelerate and monetize their go-to-market with connected-devices such as smartphones, mobile Internet devices, laptops, e-readers and other connected consumer electronics (i.e.: cameras and global positioning systems). ConvergenceNow(R) Plus+/-v2.4 expands its technological capabilities beyond its already robust functionality around comprehensive on-demand activation for subscribers via online or in-store with a complete automated customer activation process. This next generation of ConvergenceNow(R) Plus+allows easy and seamless integration to retail and kiosk points of sale to facilitate prequalification and activation services for consumers. In addition, it has expanded the use case catalog to support various types of after point of sale activation scenarios. The new release, V2.4, now supports additional capabilities such as: Prequalification and Credit Check, Service Eligibility, Service Availability, Account Eligibility, Local Number Porting, Integrated Product Catalog Management, Rate Plan and Product Discount Management, On Demand Activation Wizard, Recurring Billing and Credit Card Processing, Enhanced wireless carrier integration enabling automated activation and provisioning in US and Western Europe.

Synchronoss Technologies Inc. announced that its ConvergenceNow(R) Plus+/-platform has been selected by Time Warner Cable, to accelerate the launch of new Road Runner Mobile wireless broadband devices on Sprint 3G and Clearwire 4G networks for ecommerce, telesales, and e-tail/retail. The ConvergenceNow(R) Plus+platform will enable Time Warner Cable to streamline subscriber account management, service activation, and support for a variety of new connected-devices and wireless broadband services. In addition to activation and provisioning, ConvergenceNow Plus+will be providing Time Warner Cable with an end-to-end customer management capability that includes self-service support, ordering, changes, activation, and logistics to deliver a seamless customer experience for the total customer lifecycle.

Synchronoss Technologies Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the third quarter of 2009, the company reported net revenues of $33.1 million, an increase of 26% compared to $26.3 million in the third quarter of 2008. Income from operations was $5.3 million, including $2.1 million of fair value stock-based compensation expense. GAAP net income was $3.1 million compared to $2.3 million in the third quarter of 2008 and GAAP diluted earnings per share was $0.10 compared to $0.07 in the third quarter of 2008. Income before income tax expense for the period was $5.20 million compared to $4.0 million for the same period previous year. Non-GAAP income from operations, which excludes fair value stock-based compensation expense, was $7.4 million in the third quarter of 2009, representing a non-GAAP operating margin of 22.4%. Non-GAAP net income in the third quarter of 2009 was $4.4 million, leading to non-GAAP diluted earnings per share of $0.14, an increase of 27% from $0.11 in the third quarter of 2008. For the nine months, the company reported net income of $7.79 million or $0.25 per basic and diluted share on net revenues of $93.20 million compared to net income of $9.20 million or $0.29 per basic and $0.28 per diluted share on net revenues of $79.76 million for the same period previous year. Income from operations for the period was $13.18 million and income before income tax expense was $13.09 million compared income from operations of $13.79 million and income before income tax expense of $15.75 million for the same period previous year. Non-GAAP income from operations for the period was $19.12 million compared to $18.72 million for the same period previous year. Non-GAAP net income for the period was $11,32 million or $0.36 per diluted share compared to net income of $12.08 million or $0.37 per diluted share for the same period previous year. Net cash provided by operating activities for the period was $17.03 million compared to $18.05 million for the same period previous year. Expenditure on purchases of fixed assets for the period was $10.59 million compared to $1.90 million for the same period previous year.