Syniverse completes acquisition of VeriSign’s messaging business
Date: Fri, 11/06/2009 - 13:38
Significantly expanding its position in the global mobile messaging space, Syniverse Technologies announced that it completed its acquisition of VeriSign, Inc.’s Messaging and Mobile Media Services for approximately $175 million in cash, subject to working capital adjustments. The transaction, which was effective Oct. 23, is expected to be immediately accretive to cash net income.
“This strategic acquisition gives us the scale and reach necessary to compete globally in the rapidly growing messaging market,” said Tony Holcombe, President and CEO, Syniverse, a leading provider of technology and business solutions for the global telecommunications. “By combining VeriSign’s Messaging and Mobile Media Services with our Syniverse NEXT messaging solutions, we are not only fully able to meet the needs of operators of all types and sizes with the messaging technologies they need to meet subscriber demands, but we also are now able to offer enterprise messaging services directly or through mobile operators.”
The acquisition brings to Syniverse four operator and enterprise messaging solutions:
• • Inter-Carrier Gateway enables operators to deliver inter-carrier person-to-person SMS and MMS messages across geographies and technologies.
• • PictureMail provides a state-of-the-art MMS platform with core components that include a hosted MMS service center (MMSC) for MMS routing, handset photo applications, a social networking interface, and photo storage and sharing capabilities.
• • Premium Messaging Gateway manages delivery of “off-portal” or third-party content to subscribers.
• • Mobile Enterprise Solutions enables businesses to send time- and event-based A2P messages or alerts via voice, text message or email to customers, employees or partners, and allows operators to offer their high-value customers a broader array of services, including enterprise and mobile financial services.