Investor Alert: Kaplan Fox Announces Investigation Of Synchronoss Technologies, Inc.

NEW YORK, April 27, 2017 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Synchronoss Technologies, Inc. ("Synchronoss" or the "Company") (NASDAQ: SNCR).  Investors who purchased shares of Synchronoss securities may be affected.

On February 27, 2017 before the market opened, Synchronoss issued a press release announcing the departures of Chief Executive Officer Ronald Hovsepian ("Hovsepian") and Chief Financial Officer John Frederick ("Frederick") "to pursue other interests."  Both Hovsepian and Frederick had only served in their respective positions for a few months - Hovsepian had served as CEO since the recent acquisition of Intralinks Holdings, Inc. that closed in January 2017, and Frederick had served as CFO since the announcement of his appointment on February 27, 2017.

Additionally, the February 27, 2017 press release disclosed that Synchronoss "expects total revenue for the first quarter of 2017 to be $13 million to $14 million less than the company's previously announced guidance" and that "[o]perating margins are expected to be 8% to 10%, which are less than previously announced guidance"

Following this news, the price of Synchronoss' common stock plunged in intraday trading by more than 47%.

If you are an investor in Synchronoss and would like to discuss our investigation, please contact us by emailing [email protected] or by calling 800-290-1952.  This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this Notice, the action, your rights, or your interests, please contact:

Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail: [email protected]

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400
San Francisco, California  94104
(415) 772-4700
Fax:  (415) 772-4707
E-mail: [email protected]

SOURCE Kaplan Fox & Kilsheimer LLP

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