Busted Tech: Synchronoss Technologies Inc. Selling for Liquidity

Well, trying to avoid it at least. Synchronoss Technologies Inc. ($SNCR) this week offloaded Intralinks, a ubiquitous provider of data rooms to the industry's bankers, for approximately $1b to private equity firm, Siris Capital Group LLCbilled as specializing in, among other things, turnaround, special situations and distress. We hope those individual data rooms have some serious privacy safeguards built-in to them. Otherwise, you're about to see Siris Capital's sourcing apparatus on steroids. Yes, we're being cynically flip.