BRIDGEWATER, N.J. & NEW YORK–(BUSINESS WIRE)–Synchronoss Technologies, Inc. (NASDAQ:SNCR), the leading innovator of cloud solutions and software-based activation for mobile carriers, enterprises, retailers and OEMs worldwide, today announced that it has formed a new venture to develop advanced mobile solutions leveraging proprietary secure enterprise mobility technology contributed by The Goldman Sachs Group, Inc. (NYSE:GS), a leading investment bank. The venture will focus on addressing the challenges associated with enterprise mobility applications. This venture will serve as an important component of Synchronoss’ newly created Enterprise Business Unit (“EBU”).
In the digital business era, enterprises are faced with the challenge of optimizing productivity and innovation for the customer and user experience, while also providing the highest level of mobile security and compliance. The financial services, healthcare, and life sciences industries in particular face unique considerations regarding , information privacy and operational risk. They must balance the demand for increased mobile access and capabilities with the need to protect information assets for employees, partners and customers.
“Providing our clients and employees with secure access to data and applications, any time, any place, on the device of their choosing, is the basis of our mobile strategy,” said Don Duet, global co-head of the Technology Division at Goldman Sachs. “We’ve worked hard to ensure that the container in which our applications and data reside is highly secure. At the same time, we believe in delivering well designed applications that are intuitive and deeply integrated to the enterprise. Lagoon and Orbit have created significant value and efficiency at our organization, and we are excited that Synchronoss intends to extend this solution to other enterprise users.”