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On-demand software provider Synchronoss files for IPO

February 28, 2006

Synchronoss Technologies, a provider of e-commerce transaction management solutions to the communications services marketplace, registered for an initial public offering Tuesday evening. The Bridgewater, NJ-based company generated $54 million in sales with gross and operating cash flow margins of 44.3% and 15.6%, respectively, for the 2005 fiscal year. Goldman Sachs, Deutsche Bank and Thomas Weisel will underwrite the deal. Terms and timing have yet to be announced.