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On-demand software provider Synchronoss sets terms

May 10, 2006

Synchronoss Technologies, a provider of e-commerce transaction management solutions to the communications services marketplace, plans to offer 7.6 million shares (1.1 million insider shares) at a range of $9 to $11. Assuming the stock prices at the midpoint, the company will have an initial market capitalization of $253 million. Goldman Sachs, Deutsche Bank and Thomas Weisel will underwrite the deal. Timing has yet to be announced.