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Can middle-aged companies pivot, too?

As part of a risky overhaul of its business, Synchronoss is shelling out $821m for collaboration software provider Intralinks, while also selling a chunk of its legacy business. The goal is to move away from selling primarily to carriers and evolve into a broader enterprise software vendor. Those transitions have been tough for other IT firms to pull off, with a number of acquirers unwinding earlier enterprise software deals this year.

Brenon Daly

Research Director, Financials