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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Synchronoss Technologies Inc | NASDAQ:SNCR | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0424 | -0.67% | 6.2676 | 6.28 | 6.58 | 6.6199 | 6.1734 | 6.27 | 1,583 | 18:21:09 |
Under the terms of the settlement between Synchronoss and the SEC, Synchronoss has agreed to pay a civil penalty in the amount of $12.5 million in equal quarterly installments over two years. The expense associated with this settlement has previously been accrued in the Company’s financial statements.
“We are pleased to have entered into this settlement with the SEC regarding this legacy matter and look forward to continuing to place our focus on the Company’s strategic growth initiatives,” said Jeff Miller, President and Chief Executive Officer of Synchronoss.
“This matter relates to historical transactions that the Company restated almost four years ago, and Synchronoss believes that reaching this resolution now is the right outcome for our shareholders, customers and key stakeholders.”
About SynchronossSynchronoss Technologies, Inc. (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. That’s why more than 1,500 talented Synchronoss employees worldwide strive each day to reimagine a world in sync. Learn more at www.synchronoss.com.
Media Relations Contact:Domenick CileaSpringboarddcilea@springboardpr.com
Investor Relations Contact:Matt Glover and Tom ColtonGateway Group, Inc.SNCR@gatewayir.com
1 Year Synchronoss Technologies Chart |
1 Month Synchronoss Technologies Chart |
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