Street Cred Capital Selects Synchronoss to Offer Personal Cloud as Part of its Mobile Device Financing Program
Finance Company Represents Unique Market Opportunity to Resell Synchronoss’ Personal Cloud Solution and Expand the Value of Device Financing
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 SynchronossTo view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.
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
To view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
GlobeNewswire by notifiedGlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Bombardier Reports Significant Backlog Growth on 1.6 Unit Book-to-Bill, Expanded Margins and Service Revenues Increase in First Quarter of 202425.4.2024 12:30:00 CEST | Press release
Revenues of $1.3 billion for the first quarter reflect 13% year-over-year aftermarket growth and 20 aircraft deliveries, in line with production plan and full year delivery guidance of 150 to 155 aircraft.Adjusted EBITDA(1) of $205 million for the first quarter. Adjusted EBITDA margin(2) rose 140 bps year-over-year to 16%. Reported EBIT for the first quarter was $144 million. Adjusted EPS(2) positive at $0.36 for the first quarter, with diluted EPS(3) at $1.02. Free cash flow usage(1) of $387 million reflects expected working capital build in inventories supporting production ramp-up. Reported cash flow usage from operating activities and net additions to PP&E and intangible assets were at $343 million and $44 million respectively.Focus on deleveraging continued with $100 million debt redemption announced on March 14th and closed in April; available liquidity(1) remained strong at $1.4 billion. Cash and cash equivalents were $1.2 billion as at March 31, 2024. First quarter unit order
Resolutions of Huhtamäki Oyj’s Annual General Meeting of Shareholders25.4.2024 12:30:00 CEST | Press release
HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 25.4.2024 AT 13:30 EEST Resolutions of Huhtamäki Oyj’s Annual General Meeting of Shareholders Huhtamäki Oyj’s Annual General Meeting of Shareholders was held in Helsinki on April 25, 2024. The meeting adopted the Annual Accounts including the Consolidated Annual Accounts for 2023, discharged the members of the Company’s Board of Directors and the CEO from liability, and approved all proposals made to the Annual General Meeting by the Board of Directors and the Shareholders’ Nomination Board. The Annual General Meeting also approved the Remuneration Report for the Company’s Governing Bodies presented to it. Dividend The Annual General Meeting resolved that an aggregate dividend of EUR 1.05 per share be paid based on the balance sheet adopted for the financial period ended on December 31, 2023. The dividend will be paid in two instalments. The first dividend instalment, EUR 0.53 per share, will be paid to shareholders registered in the Company’s regis
AS Tallink Grupp Investor Webinar introducing the results of the Q1 202425.4.2024 12:30:00 CEST | Press release
On 25 April 2024 AS Tallink Grupp held an investor webinar where Paavo Nõgene, the Chairman of the Management Board, and Harri Hanschmidt and Margus Schults, the members of the Management Board introduced the results of the first quarter of 2024. AS Tallink Grupp would like to thank all the participants. The webinar presentation is enclosed and the webinar recording is available at www.tallink.com/investors/webinars. Anneli Simm Investor Relations Manager AS Tallink Grupp Sadama 5 10111 Tallinn, Estonia E-mail anneli.simm@tallink.ee Attachment AS Tallink Grupp Q1 2024 Webinar Presentation
Passing of Columbus A/S’ Annual General Meeting and subsequent constitution of the Board of Directors25.4.2024 12:21:35 CEST | Press release
Company announcement no. 12/2024 At Columbus A/S’ Annual General Meeting held on 25 April 2024, all proposals set out in the agenda were adopted, including the following; 1. The General Meeting took note of the Board of Directors’ report. 2. The Annual Report for 2023 was approved. 3. The Board of Directors’ proposal regarding distribution of profit was adopted, including payment of an ordinary dividend to the shareholders of DKK 0.125 per share of DKK 1.25 (nom), amounting to a total dividend of DKK 16,159,533. 4. The Remuneration Report for 2023 was approved in the indicative ballot. 5. The General Meeting authorized the Board of Directors for a period of 18 months from the date of the General Meeting to acquire up to 10 per cent of the Company’s share capital against payment which shall not deviate more than 10 per cent up or downwards from the latest listed price of the shares at Nasdaq Copenhagen prior to the acquisition. 6. Ib Kunøe, Peter Skov Hansen, Sven Madsen, Karina Kirk an
Nexstim Plc: Managers’ Transactions, Hildén25.4.2024 12:15:00 CEST | Press release
Company Announcement, Helsinki, 25 April 2024 at 1:15 PM (EEST) Nexstim Plc: Managers’ Transactions, Hildén Nexstim Plc (NXTMH:HEX) ("Nexstim" or "Company") announces managers’ transactions as follows: Person subject to the notification requirement Name: Timo Hildén Position: Member of the Board/Deputy member Issuer: Nexstim Oyj LEI: 743700S7ZI0LNMHZ6Y27 Notification type: INITIAL NOTIFICATION Reference number: 59502/4/4 ____________________________________________ Transaction date: 2024-04-23 Outside a trading venue Instrument type: FINANCIAL INSTRUMENT LINKED TO A SHARE OR A DEBT INSTRUMENT Name of the instrument: 2024H Nature of transaction: ACCEPTANCE OF A STOCK OPTION (X) Linked to stock option programme Transaction details (1): Volume: 8500 Unit price: 0 EUR Aggregated transactions (1): Volume: 8500 Volume weighted average price: 0 EUR Further information is available on the website www.nexstim.com, or by contacting: Mikko Karvinen, CEO +358 50 326 4101 mikko.karvinen@nexstim.com