Lumine Group completed the acquisition of the Messaging & NetworkX business units from Synchronoss.

Lumine Group, an acquirer of communications & media software businesses, completed the acquisition of the Messaging & NetworkX business units from Synchronoss, a provider of cloud- and software-based activation solutions. Financial terms were not disclosed. “We are thrilled to welcome these businesses from Synchronoss to Lumine Group, complementing our expanding ecosystem of communications and media B/OSS businesses. In line with Lumine Group’s approach to operating companies autonomously, these business units will be relaunched with their own, unique brands to clearly distinguish their product offerings and serve their respective market domains. We look forward to the opportunities for learning and growth that lie ahead,” Tony Garcia, Lumine Group President.