Synchronoss Technologies: The Friends and Family Plan

Dec. 6 was an extraordinary day for Synchronoss Technologies’ shareholders. They woke up owning a stake in a company with a market capitalization above $2.2 billion. By the day’s end, however, Synchronoss had purchased IntraLinks Holdings, an unprofitable data-room developer, valuing it as if its stock were worth almost twice its then share price. Also Synchronoss said it had struck a deal to sell its legacy business, the mobile-phone activation unit.