Synchronoss Technologies, Inc., today announced that SunRocket, one of the nation's fastest-growing Internet phone service providers, signed an exclusive three-year agreement for its ActivationNow® Technology Platform.
For Immediate Release
SunRocket Signs Three -Year Contract with Synchronoss
Market Leaders Choose ActivationNow Platform for Electronic Service Fulfillment
Bridgewater, New Jersey (May 30, 2006) - Synchronoss Technologies, Inc., a leading software provider of order management solutions to the communications services marketplace, today announced that SunRocket, one of the nation's fastest -growing Internet phone service providers, signed an exclusive three -year agreement for its ActivationNow® Technology Platform. The robust platform and advanced service creation capabilities of the ActivationNow Technology Platform provide SunRocket customers with a scalable on -demand solution.
"By partnering with market leading solution providers like Synchronoss, SunRocket is poised to continue its explosive growth in the VoIP category," said Rob Mainor, Chief Operating Officer, SunRocket. "The advanced Synchronoss platform and its on -demand feature set provide SunRocket with the necessary automated support structure to scale our order management system and meet the growing consumer demand for our service."
The ActivationNow platform speeds revenue through the order management workflow so communications service leaders, such as SunRocket, can simplify and automate the process of activating and delivering their services across disparate systems.
Synchronoss will provide comprehensive support for order management business processes including number activations, calling name database (CNAM) and line information database (LIDB) updates, directory listings, and directory assistance, as well as VoIP local number portability (LNP). The ActivationNow Technology platform eliminates manual intervention for LNP fallout and backs up its services with performance -based service level agreements.
"The Synchronoss approach to the VoIP market is to service both current and emerging market leaders in the telecom industry," said Stephen G. Waldis, President and CEO, Synchronoss Technologies, Inc. "SunRocket has emerged as one of the nation's leading providers, and we are pleased to have been awarded an opportunity to be SunRocket's electronic fulfillment platform as their growth continues in the coming years."
In its sixth year of consistent, double -digit growth, Synchronoss
Technologies, Inc. (www.synchronoss.com) is a leading software provider of order management solutions to the communications services marketplace. Synchronoss helps large service providers and their FORTUNE 500 Enterprise Clients deliver SLA -backed service to their subscribers across wireline, wireless, and broadband networks. Synchronoss' clients include several Tier 1 wireless, wireline, and cable providers such as AT&T, Cablevision Systems Corporation, Cingular Wireless, Clearwire, Level 3 Communications, Time Warner Cable, Verizon Business Solutions, and Vonage. For more information, visit us on the Web at www.synchronoss.com.
Headquartered in Vienna, Virginia, SunRocket, the 'no gotcha' phone company, is bringing Internet phone service to mainstream America with the nation's first full -year, flat -rate home phone package. SunRocket has more than 110,000 subscribers and is the nation's second fastest -growing residential Internet phone company. SunRocket is the only company to offer complete Internet phone service at an all -inclusive, bottom -line annual price of $199, with no hidden charges, termination penalties or 'gotchas.' SunRocket makes it easy for households with high -speed Internet access to take advantage of the incredible value and enhanced capabilities of state -of -the -art Internet telephony. SunRocket is backed by leading venture capital firms, including BlueRun Ventures, Mayfield Fund, DCM - Doll Capital Management, and Anthem Capital Management. For more information about this privately held corporation, see the company's web site at SunRocket.com.
Forward -Looking Statement
This Document contains certain statements that are "Forward -Looking Statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 ("Exchange Act"), as well as the Private Securities Litigation Reform Act of 1995 ("Reform Act"). Actual results may differ materially from those projected as a result of certain risks and uncertainties. These include, but are not limited to: local, regional, and national market conditions; the nature of the Company's telecommunications industries and markets; demand for and market acceptance of new and existing services; successful development and introduction of new services; pricing pressures and other competitive factors; the ability to develop and implement new technologies and protect related intellectual property; Company, client, and supplier labor relations; and uncertainties of litigation. These Forward -Looking Statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the Forward -Looking Statements, whether as a result of new information, future events, or otherwise. Other brands and names contained in this Document are the property of their respective owners. Although the Company believes that the expectations reflected in these Forward -Looking Statements are reasonable, there can be no assurances that they will prove to be accurate. Generally, these statements relate to business plan strategies, anticipated strategies, levels of capital expenditures in current and future operations, liquidity, and anticipated capital financing needed to affect the business plan. All phases of the Company's operations are subject to uncertainties, risks, and other influences, many of which are outside the control of the Company and unforeseeable with any degree of accuracy. Actual results may differ materially from those described in such Forward -Looking Statements. In light of the significant uncertainties inherent in the Forward -Looking Statements made in the Document, the inclusion of such statements should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.
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Synchronoss is a registered trademark of Synchronoss Technologies, Inc. All other trademarks are the property of their respective owners.
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