Synchronoss, Verizon sign cloud contract extension through 2030

Synchronoss Technologies (SNCR) announced the signing of a seven-year contract with Verizon (VZ) until June 30, 2030. The extended agreement provides Verizon and its cloud subscribers with a long-term, predictable model of support and ongoing investment in continued product evolution that will build upon new capabilities, leveraging artificial intelligence and machine learning. “The long-term partnership with Verizon underscores the value we deliver to their subscriber base and reinforces Verizon’s confidence in our platform and the advanced features that deliver the best user experience,” said Jeff Miller, President and CEO of Synchronoss. “In addition to providing continued growth opportunities for our cloud business, this agreement represents the next foundational step in validating our cloud-first strategy that will serve our customers, employees, and shareholders well over time.”