Synchronoss Expands Enterprise Offering to Deliver Next-Generation Identity Management
February 03 2016 - 8:00AM
Business Wire
Synchronoss enters into joint venture with
Verizon to deliver multifactor solution for managing identities
online
Synchronoss Technologies, Inc. (NASDAQ: SNCR), today announced
it will expand its enterprise offerings to deliver an advanced
user-authentication and identity management solution to enterprises
and consumers. As part of this expansion, Synchronoss has entered
into a joint venture with Verizon to deliver a multifactor solution
for managing identities online.
The joint venture with Verizon adds another complementary
component to Synchronoss’ Secure Mobility Platform which was
announced in collaboration with Goldman Sachs last November.
Synchronoss Universal ID™ is designed for enterprises,
government agencies and consumers, and will provide a faster,
easier and more secure way to manage identity in a digital world
through a trusted single source. The company plans to integrate the
solution into its Synchronoss Secure Mobility Platform, a
next-generation platform for multifactor authentication and
identity management.
Synchronoss will support current enterprise customers with the
solution formerly only available through Verizon, while working to
build a newly enhanced platform slated for roll out in the latter
half of 2016 for new and current customers.
“We see Synchronoss Universal ID as a valuable addition to our
arsenal for keeping a wide range of online identities safe,” said
Guru Pai, Senior Vice President and Chief Platform Officer at
Verizon. “With Synchronoss’ technology, scalability and global
footprint, we recognized an opportunity to take online identity
management to the next level and look forward to the potential this
presents to deliver enhanced services to enterprises and
consumers.”
“Our new venture with Verizon highlights the strength of our
relationship, and the potential Synchronoss offers for new
initiatives in the enterprise space,” said Stephen Waldis,
Chairman, Founder and CEO, Synchronoss. “The addition of Universal
ID to our Secure Mobility Suite accelerates our move into the
enterprise by enabling frictionless, yet secure identity
authentication for work and home.”
About VerizonVerizon Communications Inc. (NYSE, NASDAQ:
VZ) employs a diverse workforce of 177,700 and generated nearly
$132 billion in 2015 revenues. Verizon operates America’s most
reliable wireless network, with more than 112 million retail
connections nationwide. Headquartered in New York, the company also
provides communications and entertainment services over America’s
most advanced fiber-optic network, and delivers integrated business
solutions to customers worldwide.
About SynchronossSynchronoss Technologies, based in
Bridgewater, NJ, (NASDAQ: SNCR) is the mobile innovation leader
that provides cloud solutions, secure mobility, and software-based
activation for carriers, retailers, OEMs and enterprises around the
world. The company’s proven, scalable and patented technology
solutions allow customers to connect, synchronize and activate
connected devices and services that empower enterprises and
consumers to live in a connected world. For more information, visit
us at: www.synchronoss.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160203005807/en/
Synchronoss Contacts:Media:Stacie Hiras,
+1-908-674-0758Stacie.hiras@synchronoss.comorInvestor:Seth Potter,
+1-646-277-1230investor@synchronoss.comorVerizon
Contact:Marie McGehee,
+908-559-3884Marie.mcgehee@verizon.com
Verizon Communications (NYSE:VZ)
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