(Reuters) – Software maker Synchronoss Technologies Inc said private equity firm Siris Capital Partners would buy its Intralinks Holding unit in a deal worth about $ 1 billion.
Siris, Synchronoss’ top shareholder, will also invest $ 185 million in the company in the form of convertible preferred equity. [nBw1QwWdBa]
Reporting by Supantha Mukherjee in Bengaluru; Editing by Anil D’Silva