Synchronoss to sell unit to Siris Capital for $1 billion

Reuters News
Posted: Oct 17, 2017 8:25 AM

(Reuters) - Software maker Synchronoss Technologies Inc said private equity firm Siris Capital Partners would buy its Intralinks Holding unit in a deal worth about $1 billion.

Siris, Synchronoss' top shareholder, will also invest $185 million in the company in the form of convertible preferred equity. [nBw1QwWdBa]

(Reporting by Supantha Mukherjee in Bengaluru; Editing by Anil D'Silva)