Joint Press Release of Constellation Software Inc. and Lumine Group Inc. TORONTO, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Constellation Software Inc. (TSX:CSU) and Lumine Group Inc. (“Lumine Group”) (TSXV: LMN), a global buy-and-hold forever acquirer of communications and media software businesses, today announced that, Lumine Group, through one of its wholly-owned subsidiaries, has entered into a definitive agreement to acquire Synchronoss Technologies, Inc.(Nasdaq: SNCR) (“Synchronoss” or “Company”). Under the terms of the agreement, Lumine Group will acquire Synchronoss for a purchase price of approximately $116.4 million (based on a cash price of $9.00 per share,) which may be adjusted by a proportionate amount of certain Synchronoss transaction expenses, if any, in excess of a certain threshold.

Synchronoss to Become a Privately Held Company, Well Positioned to Accelerate Growth and Innovation for Customers BRIDGEWATER, N.J., Dec. 04, 2025 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (Nasdaq: SNCR) (“Synchronoss” or the “Company”), a global leader and innovator in Personal Cloud platforms, today announced that it has entered into a definitive agreement to be acquired by Lumine Group Inc. (“Lumine Group”), a global buy-and-hold forever acquirer of communications and media software businesses, through one of its wholly-owned subsidiaries in an all-cash transaction that values the Company at an implied equity value of approximately $116.4 million and an enterprise value of approximately $258.4 million.

TORONTO, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Constellation Software Inc. (TSX:CSU) and Lumine Group Inc. (“Lumine Group”) (TSXV: LMN), a global buy-and-hold forever acquirer of communications and media software businesses, today announced that, Lumine Group, through one of its wholly-owned subsidiaries, has entered into a definitive agreement to acquire Synchronoss Technologies, Inc.(Nasdaq: SNCR) (“Synchronoss” or “Company”). Under the terms of the agreement, Lumine Group will acquire Synchronoss for a purchase price of approximately $116.4 million (based on a cash price of $9.00 per share,) which may be adjusted by a proportionate amount of certain Synchronoss transaction expenses, if any, in excess of a certain threshold.