Synchronoss, a provider of automation software, mobility management and cloud technology solutions, has acquired mobile social networking company Miyowa for $45.5 million in cash. In addition, Synchronoss may pay earn-outs of up to an additional $13.5 million in cash based on Miyowa achieving certain performance targets over the next four quarters.
Synchronoss, which is listed on NASDAQ, says it will leverage Miyowa’s social networking and mobile messaging technology to boost its existing mobility platform for connected devices (dubbed ConvergenceNow Plus+).
Headquartered in Marseille, France, privately-held Miyowa provides mobile social networking software to phone manufacturers like HTC, Samsung and ZTE, and carriers like Orange.
Miyowa claims it can be found on over 100 million devices throughout North America and Europe.