Market Overview

Synchronoss and TBCASoft Jointly Promote Cross-Carrier Blockchain for Telecom Operators

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Synchronoss Technologies, Inc. (NASDAQ:SNCR), a global leader and
innovator of cloud, messaging, digital and IoT products, and TBCASoft,
Inc., an innovator of cross-carrier blockchain platform
technology, today announced that they are teaming to redefine telecom
operators with blockchain.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20190108005825/en/

Additionally, Ling Wu, Founder and CEO of TBCASoft, and Glenn Lurie,
President and CEO of Synchronoss, will discuss "The Blockchain:
Redefining Telecom Operators" at the Consumer Electronic Show on Jan. 8
at 5 p.m. PT. To attend the discussion at the Synchronoss booth in the
Chairman's Salon at the Wynn Hotel in Las Vegas, please see details here.

Last year, Synchronoss and TBCASoft successfully completed a payment
service proof of concept designed to allow users to make a range of
in-store, mobile and digital purchases directly from their devices using
Synchronoss' secure multi-channel communications platform. The
Synchronoss platform provides for payments via SMS, email and rich
communications services (RCS) leveraging TBCASoft's cross-carrier
blockchain payment platform.

TBCASoft also leads the Carrier Blockchain Study Group (CBSG), a global
consortium of telecom carriers, which has been gaining momentum because
of its unique vision and cross-carrier blockchain platform that has no
reliance on cryptocurrencies. Its Cross-Carrier Payment Service (CCPS)
foundation application framework facilitates global mobile payment
services among CBSG carriers. Synchronoss, a foundation application
provider, plans to leverage Distributed Ledger Technology to remove
middlemen parties typically found in other payment ecosystems to create
improved services.

"Leading carriers recognize the value of a consortium-based blockchain,
and the technology is gaining recognition as an innovative means of
empowering carriers to provide differentiated services by securing
transparency, security and real-time transactions with blockchain
advantages," said Ling Wu. "As the carrier community drives towards a
digital future to provide its customers with superior experiences,
blockchain will be at the heart of that evolution. We are very excited
about the collaboration with Synchronoss and its clear expertise in
delivering innovative digital solutions which, with blockchain, will
help carriers achieve their objectives."

Synchronoss President and CEO Glenn Lurie said: "Our successful proof of
concept demonstrates how this new cutting-edge technology, as well as
new RCS-based mobile services, will disrupt the current messaging and
payments market to create new opportunities for customers, brands and
carriers globally. Being able to work with the rapidly growing CBSG
Consortium allows us to leverage our expertise and global reach across
multiple digital platforms. Blockchain is the future for the tremendous
volume and complexity of transaction processing requiring security as
well as transparency, and Synchronoss is well positioned to deliver on
that future."

About Synchronoss Technologies, Inc.

Synchronoss (NASDAQ:SNCR) transforms the way companies create new
revenue, reduce costs and delight their subscribers with cloud,
messaging, digital and IoT products and platforms supporting hundreds of
millions of subscribers across the globe. Synchronoss' secure, scalable
and groundbreaking new technologies, trusted partnerships and talented
people change the way TMT customers grow their businesses. For more
information, visit us at www.synchronoss.com.

About TBCASoft, Inc.

TBCASoft is a U.S.-based company developing innovative blockchain
technology specifically for telecommunication carriers. Its
consortium-based blockchain platform enables telecommunication carriers
to create innovative services for their subscribers under a more secure,
robust, and efficient environment. TBCASoft is located in Sunnyvale,
California, the center of Silicon Valley. To learn more, please visit
TBCASoft at www.tbcasoft.com.

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