Synchronoss Technologies Acquires Miyowa for $59,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d6344c82-a124-4332-8ed1-9fa7f5ef98cc&Preview=1
Date
1/5/2012
Company Name
Miyowa
Mailing Address
19925 Stevens Creek Boulevard Cupertino, CA 95014
Company Description
Miyowa is the technology solution for these new mobile phone functions, which will make mobile recommendations a reality across IM, presence, advertising, e-commerce and content in the rapidly converging and evolving mobile market.
Website
http://www.miyowa.com
Transaction Type
M&A
Transaction Amount
$59,000,000
Transaction Round
Proceeds Purposes
M&A Terms
The purchase price of the acquisition is approximately $45.5 million in cash. In addition, Synchronoss may pay up to an additional $13.5 million in cash based on Miyowa’s business achieving certain performance targets over the next four quarters.