Finance Company Represents Unique Market Opportunity to Resell Synchronoss’ Personal Cloud Solution and Expand the Value of Device Financing
BRIDGEWATER, N.J. , Aug 10 (Bernama-GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a global leader and innovator in cloud, messaging, and digital products and platforms, today announced that Street Cred Capital has signed a Letter of Intent to become a distributor of the Company’s value-added Personal Cloud solution. Synchronoss’ Personal Cloud product provides a turn-key solution for companies seeking to integrate or bundle personal cloud as a value-added service.Serving leading North American carriers, MVNOs and retailers, Street Cred Capital offers six lending product options for financing new devices and value-added solutions. Integrated into the online and point-of-sale shopping experience, as well as the credit application flow, Street Cred Capital makes it extremely easy and affordable to purchase products and complementary services, significantly improving sales performance and increasing revenue.
The Synchronoss solution enables Street Cred Capital to offer a Personal Cloud bundle at a discounted rate as part of every financed purchase. This unique offer allows subscribers to backup, sync, and organize a broad range of digital files between devices and the cloud. Subscribers can finance cloud over 12, 18, and 24-month plans, and the value of each subscription will range from $50 to $400, depending on the type of plan selected.
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