Skyview Capital has announced that it has entered into a definitive agreement to acquire the Syncplicity enterprise file sync and share business from EMC. EMC will still retain a financial interest in Syncplicity.
Previously acquired by EMC back in 2012, Syncplicity is an enterprise-grade online file-sharing and mobile collaboration solution that provides users with experience and tools they desire and gives IT the security and control it needs. Unlike traditional solutions that require users to store all information in the cloud, Syncplicity offers organizations excellent flexibility through its hybrid approach; IT departments can create rules based on user, group or folder policy to determine if files should be stored in the cloud or if they need to be in an on-premise storage array. Additionally, Syncplicity helps to streamline secure distribution of new and updated content to personnel in the field, such as remote sales teams or front-line consultants. It also helps to bring staff back online quickly in the event of any loss or damage to computers and mobile devices. We reviewed Syncplicity in detail a few years back.
Following its acquisition by EMC, Syncplicity has become a growing standard for companies in a many different industries including technology, health care, financial services, education, law and engineering services.
The acquisition is expected to close some time this month subject to customary closing conditions. Both companies have indicated that specific terms of the transaction will be confidential.
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