Synchronoss Technologies, Inc. Reports Inducement Grants to CEO Glenn Lurie Under Nasdaq Listing Rule 5635(c)(4)

Synchronoss Technologies, Inc. (NASDAQ:SNCR) (the "Company" or"Synchronoss"), a global leader and innovator of cloud, messaging anddigital transformation products, today announced that in connection withthe appointment of Glenn Lurie as Chief Executive Officer, the Companyentered into an employment agreement with Mr. Lurie which provided forthe grant of restricted stock awards, stock options and performancestock awards. These inducement awards were approved by the CompensationCommittee of Synchr