Synchronoss Technologies, Inc. Announces Second Quarter 2014 Financial Results

Non-GAAP total revenue of $103.6 million increases 22% year-over-year
Non-GAAP operating income of $25.9 million or a 25% operating margin driving non-GAAP EPS of $0.41, an increase of 32% year-over-year
Cloud Services revenue of $46.7 million increases 74% year-over-year

BRIDGEWATER, N.J.--- Synchronoss Technologies, Inc. (SNCR), the mobile innovation leader that provides cloud solutions and software-based activation for connected devices across the globe, today announced financial results for the second quarter of 2014.

Iron Mountain REIT Conversion to Enhance Stockholder Returns

Favorable Private Letter Rulings Received from Internal Revenue Service
Electing REIT Status Effective January 1, 2014
Company Updates Guidance and Estimated Special and Regular Distribution Amounts

BOSTON--The board of directors of Iron Mountain Incorporated (IRM), the storage and information management services company, has unanimously approved the company’s conversion to a real estate investment trust (“REIT”) for the taxable year beginning January 1, 2014, following the receipt of favorable private letter rulings from the Internal Revenue Service, including a ruling regarding the characterization of the company’s steel racking structures as real estate for REIT purposes under the Internal Revenue Code.

The Priceline Group Agrees to Acquire OpenTable, Inc.

NORWALK, Conn. and SAN FRANCISCO, June 13, 2014 /PRNewswire/ -- The Priceline Group Inc. (PCLN) and OpenTable, Inc. (OPEN) today announced that they have entered into a definitive agreement whereby The Priceline Group will acquire OpenTable for $103 per share in an all cash transaction valued at $2.6 billion.

"OpenTable is a great match for The Priceline Group.  They provide us with a natural extension into restaurant marketing services and a wonderful and highly-valued booking experience for our global customers," said Darren Huston, President & CEO of The Priceline Group.  "We look forward to helping the OpenTable team accelerate their global expansion, increase the value offered to their restaurant partners, and enhance the end-to-end experience for our collective customers across desktop and mobile devices."

GTT Reports First Quarter 2014 Financial Results

Revenue Grew 80% to $47.5 million
Adjusted EBITDA Increased 132% to $8.4 million

MCLEAN, Va.-- GTT Communications, Inc. (“GTT”) (NYSE MKT: GTT), a cloud networking service provider offering Tier 1 IP and Ethernet network solutions to multinational enterprises, today announced its financial results for the first quarter ended March 31, 2014. Highlights include:

Highlights

• Revenue increased 80 percent to $47.5 million as compared to $26.4 million in the first quarter of 2013
• Gross Margin increased 380 basis points to 37.0% compared to 33.2% in the first quarter of 2013
• Adjusted Earnings before Interest Taxes Depreciation and Amortization (“EBITDA”)* increased by 132 percent to $8.4 million compared to $3.6 million in the first quarter of 2013