Syniverse Technologies has completed acquisition of VeriSign’s messaging and mobile media Services for around $175m. The transaction, which was effective October 23, 2009, is expected to be accretive to cash net income.
According to Syniverse, the acquisition brings four operator and enterprise messaging offerings to it, including, inter-carrier gateway that allows operators to deliver inter-carrier person-to-person SMS and MMS messages across geographies and technologies; and PictureMail that provides a MMS platform with 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.
Other two offerings include, premium messaging gateway offering that manages delivery of ‘off-portal’ or third-party content to subscribers; and mobile enterprise solutions that allow businesses to send time- and event-based A2P messages or alerts through voice, text message or email to customers, employees or partners, and allows operators to offer their customers a range of services, including enterprise and mobile financial services.
Tony Holcombe, president and CEO of Syniverse, said: “This strategic acquisition gives us the scale and reach necessary to compete globally in the rapidly growing messaging market. 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.”
