Stephen G. Waldis - Founder, Executive Chairman, Chief Executive Officer, Member of Key Employee Stock Options Committee and Member of Business Development Committee Analysts Tom Roderick - Stifel, Nicolaus & Co., Inc., Research Division Julio C. Quinteros - Goldman Sachs Group Inc., Research Division Thomas Ernst - Deutsche Bank AG, Research Division Shyam Patil - Raymond James & Associates, Inc., Research Division Lauren Choi Scott P. Sutherland - Wedbush Securities Inc., Research Division Daniel H. Ives - FBR Capital Markets & Co., Research Division William V. Power - Robert W. Baird & Co. Incorporated, Research Division Gregory Burns - Sidoti & Company, LLC Gray Powell - Wells Fargo Securities, LLC, Research Division PresentationOperator Good day, ladies and gentlemen, and welcome to the Second Quarter 2012 Synchronoss Technologies Earnings Conference Call. My name is Derrick, and I will be your operator for today. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes. I would now like to turn it over to Synchronoss's Chief Financial Officer, Mr. Larry Irving. Please proceed. Lawrence R. Irving Thank you. Good afternoon, and welcome to the Synchronoss second quarter 2012 earnings call. We will be discussing the results announced in the press release issued after the market closed today. Again, I am Larry Irving, Chief Financial Officer of Synchronoss. With me on the call is Steve Waldis, Founder and CEO. During the call, we will make statements related to our business that may be considered forward-looking statements under federal securities laws. These statements reflect our views only as of today and should not be reflected upon as representing our views as of any subsequent date. These statements reflect our current views regarding the future and are subject to a variety of risks and uncertainties that could cause actual results to differ materially from expectations.