"Paul Banco submits: Since its IPO last June, Synchronoss Technologies (SNCR) posted a solid 248% return. Its initial offer price of $8 is currently hovering in the $27 range. This year-over-year performance ranks the company as the top software IPO of 2006 according to IPOHome.com.
If you are unfamiliar with Synchronoss, take a closer look. The company’s ConvergenceNow software platform allows telecom, cable and wireless providers to automate back-end processes associated with customer activation and service provisioning. This on-demand platform is especially useful in linking disparate systems required to deliver bundled services such as triple-plays.
Synchronoss customers include Time Warner Cable (TWC), Comcast (CMCSA), Vonage (VG), Level 3 (LVLT) and AT&T (T), which will be rolling out the Apple (AAPL) iPhone later this month. The demand for converged services provides a strong outlook for continued growth as providers aim to improve average revenue per user [ARPU] and reduce churn – two critical industry metrics. Synchronoss helps address these needs while simultaneously delivering a better customer experience."
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