NJBIZ 2006 Business of the Year Awards, Synchronoss Technologies Inc.


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Synchronoss Technologies Inc.
Stephen G Waldis,
Founder, President & CEO
Bridgewater, NJ

www.synchronoss.com

For six weeks in 2002, Synchronoss Technologies Inc. found itself in a make-or-break situation
>>>The communications sector served by the company was imploding after its turn-of-the-century boom. The fate of Synchronoss, barely
three years old, was up in the air.
>>>Stephen G. Waldis, the company’s founder, president and chief executive officer, decided to show customers why Synchronoss’ products were even more important in difficult times. The
company provides software that helps communications providers better serve their customers.
>>>“Synchronoss not only survived, but thrived during the bleakest period in the history of telecommunications,” Waldis says.
>>>Indeed, by fall 2006, the company still had half its investment capital of $34 million in the bank.

>>>The company’s clients include Cablevision Systems Corp., Comcast, Vonage, Level 3 Communications and AT&T Business Services.
Synchronoss had been serving AT&T Wireless when it merged with Cingular. Cingular evaluated its best options for going forward and decided to continue with Synchronoss.
>>>The company’s growth stems, in part, from its efforts to create an environment that promotes excellence among employees. That
includes giving people the freedom to run their departments as if they were their own businesses.
>>>“Risk-taking is encouraged, shortterm
setbacks are accepted as part of the process to achieving long-term goals and successes are rewarded,” Waldis says.
>>>In June, the company made an initial public offering of stock.

Visit the Synchronoss Technologies Website

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