Synchronoss enters into joint venture with Verizon to deliver
multifactor solution for managing identities online
BRIDGEWATER, N.J. -- (Business Wire)
Synchronoss Technologies, Inc. (NASDAQ: SNCR), today announced it will
expand its enterprise offerings to deliver an advanced
user-authentication and identity management solution to enterprises and
consumers. As part of this expansion, Synchronoss has entered into a
joint venture with Verizon to deliver a multifactor solution for
managing identities online.
The joint venture with Verizon adds another complementary component to
Synchronoss’ Secure Mobility Platform which was announced in
collaboration with Goldman
Sachs last November.
Synchronoss Universal ID™ is designed for enterprises, government
agencies and consumers, and will provide a faster, easier and more
secure way to manage identity in a digital world through a trusted
single source. The company plans to integrate the solution into its
Synchronoss Secure Mobility Platform, a next-generation platform for
multifactor authentication and identity management.
Synchronoss will support current enterprise customers with the solution
formerly only available through Verizon, while working to build a newly
enhanced platform slated for roll out in the latter half of 2016 for new
and current customers.
“We see Synchronoss Universal ID as a valuable addition to our arsenal
for keeping a wide range of online identities safe,” said Guru Pai,
Senior Vice President and Chief Platform Officer at Verizon. “With
Synchronoss’ technology, scalability and global footprint, we recognized
an opportunity to take online identity management to the next level and
look forward to the potential this presents to deliver enhanced services
to enterprises and consumers.”
“Our new venture with Verizon highlights the strength of our
relationship, and the potential Synchronoss offers for new initiatives
in the enterprise space,” said Stephen Waldis, Chairman, Founder and
CEO, Synchronoss. “The addition of Universal ID to our Secure Mobility
Suite accelerates our move into the enterprise by enabling frictionless,
yet secure identity authentication for work and home.”
About Verizon
Verizon Communications Inc. (NYSE, NASDAQ: VZ)
employs a diverse workforce of 177,700 and generated nearly $132 billion
in 2015 revenues. Verizon operates America’s most reliable wireless
network, with more than 112 million retail connections nationwide.
Headquartered in New York, the company also provides communications and
entertainment services over America’s most advanced fiber-optic network,
and delivers integrated business solutions to customers worldwide.
About Synchronoss
Synchronoss Technologies, based in
Bridgewater, NJ, (NASDAQ: SNCR) is the mobile innovation leader that
provides cloud solutions, secure mobility, and software-based activation
for carriers, retailers, OEMs and enterprises around the world. The
company’s proven, scalable and patented technology solutions allow
customers to connect, synchronize and activate connected devices and
services that empower enterprises and consumers to live in a connected
world. For more information, visit us at: www.synchronoss.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160203005807/en/
Contacts:
Synchronoss Contacts:
Media:
Stacie Hiras,
+1-908-674-0758
Stacie.hiras@synchronoss.com
or
Investor:
Seth
Potter, +1-646-277-1230
investor@synchronoss.com
or
Verizon
Contact:
Marie McGehee, +908-559-3884
Marie.mcgehee@verizon.com
Source: Synchronoss Technologies, Inc.
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