Synchronoss to sell unit to Siris Capital for $1 billion

(Reuters) – Software maker Synchronoss Technologies Inc said private equity firm Siris Capital Partners would buy its Intralinks Holding unit in a deal worth about $ 1 billion. Siris, Synchronoss’ top shareholder, will also invest $ 185 million in the company in the form of convertible preferred equity. [nBw1QwWdBa] Reporting by Supantha Mukherjee in Bengaluru; […] Read more »