Goldman Sachs engineers' primary objectives when developing Lagoon and Orbit was to establish a control framework in order to store and transmit data in a highly secure container environment. It features data breach detection and enterprise policy controls every step of the way.The design principle for Lagoon and Orbit is to protect sensitive data in the enterprise while enabling mobility, flexibility and collaboration. The new venture will leverage the enterprise mobility IP developed by Goldman Sachs and Synchronoss' enterprise cloud solution, Synchronoss WorkSpace™. WorkSpace is a device and operating system agnostic mobility content management solution that integrates critical features within a single platform and ensures employees can be free to sync, share and collaborate on the go. In addition, Synchronoss will provide hosting capabilities at scale for the offering as required by individual clients. Goldman Sachs will continue to leverage Lagoon and Orbit within its enterprise as a client of Synchronoss. "While some companies have addressed the security of mobile devices at a basic data-loss-prevention level, the biggest challenge facing enterprises is enabling individuals to have a more productive mobile experience at a lower level of risk," said Dave Schuette, Executive Vice President and President of Synchronoss' newly created Enterprise Business Unit. "Synchronoss, building off of the technology developed by Goldman Sachs, is extending deeper into the enterprise to bridge this gap and solve the inherent complexity of mobile security by providing a comprehensive mobile framework." "We are extremely excited to leverage the Goldman Sachs contribution as we expand our value proposition and extend into a very large and complementary market opportunity. We believe we have a winning strategy for success based on partnering with clear industry leaders, focusing on business value and industry expertise, and delivering comprehensive advanced mobility solutions," said Stephen Waldis, Founder, Chairman and Chief Executive Officer of Synchronoss.
About Goldman SachsThe Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. About Synchronoss Technologies, Inc. Synchronoss Technologies (NASDAQ:SNCR) is the mobile innovation leader that provides personal cloud solutions and software-based activation for connected devices across the globe. The company's proven, scalable and patented technology solutions allow customers to connect, synchronize and activate connected devices and services that empower enterprises and consumers to live in a connected world. For more information visit us at: www.synchronoss.com.