Syniverse
The Carlyle Group Twilio | |
Number of employees | 1,400+ (2024) |
---|---|
Website | Syniverse.com |
Syniverse is an American communications technology company with a focus on 5G roaming, communications platform as a service (CPaaS), A2P Messaging, roaming clearing and settlement, IPX, fraud prevention, mobile identify and authentication solutions, IoT, Private Networks and other emerging technologies leveraged by global enterprises and telecommunication carriers.
Syniverse processes over $35 billion in transactions, 5.5 exabits of data and over a trillion messages per year, connecting 7.4 billion mobile devices across nearly 200 countries and territories. [1]
Syniverse was the first to adopt and support the Billing and Charging Evolution (BCE) standard for wholesale roaming billing and has deployed Universal Commerce for 90% of BCE-compliant international mobile operators. [2]
Headquartered in Tampa, Florida, Syniverse has offices in the United Kingdom, Hong Kong, Costa Rica, Luxembourg, India, China, the United Arab Emirates and Japan. Today it is primarily owned by The Carlyle Group and Twilio and led by Andrew Davies, CEO.
History
Syniverse was established in 1987 as a GTE business unit, GTE Telecommunication Services Inc. (GTE TSI).
In 1998, the company began to offer its services globally, providing interoperability services to Australia, China, Japan and Korea. It received an international leadership award two years later for expansion between Korea, Hong Kong, Japan and North America.[citation needed]
In 2000, the company became a wholly owned subsidiary of
In 2002, TSI became an independent, private corporation after being acquired by a private investment group changing its name again to just Telecommunication Services Inc. In 2004, the company changed its corporate name to Syniverse Technologies.[4]
On Feb. 10, 2005, Syniverse became a public company, trading on the
In 2006, Syniverse acquired Interactive Technology Holdings Limited (ITHL), expanding the company’s customer base in
In 2009, Syniverse became part of Standard & Poor’s Midcap 400 under the Global Industry Classification Index (GCIS) Wireless Telecommunications Services Sub-industry index[13] and was selected as one of two companies selected to provide mobile number portability in India.[14] Syniverse also acquired Wireless Solutions International (WSI) in 2009[15] and VeriSign, Inc.’s (NASDAQ:VRSN) Messaging and Mobile Media Services.[16]
Syniverse began delivering text messages free of charge to pregnant and expecting mothers with the Text4baby initiative in 2010.
On January 13, 2011, Syniverse became a private corporation after being acquired by an affiliate of
On March 1, 2021, Twilio invested $750 million to become an owner of minority stake of Syniverse.[21]
On March 17, 2021, Syniverse announced the appointment of Andrew Davies as CEO. He previously served as the company's chief and financial administrative officer.[22]
On Jun 23, 2021, Bloomberg reported that Carlyle-backed Syniverse was in talks to go public through a merger with M3-Brigade Acquisition II Corp., according to people with knowledge of the matter.[23][24] On August 17, 2021, Syniverse agreed to a merger with special-purpose acquisition company M3-Brigade Acquisition II Corp. Upon completion of the deal, Syniverse will become a publicly traded company on the NYSE. The merger values the combined company at $2.8 billion.[25]
On 27 September 2021, Syniverse informed the U.S. Securities and Exchange Commission of a hack to its Electronic Data Transfer (EDT) systems, affecting "approximately 235 of its customers".[26]
References
- ^ Rosie O’Connor (October 23, 2023). "Global Mobile Authentication Market". Juniper Research. Retrieved March 5, 2024.
- ^ "Syniverse Empowers Proximus Luxembourg with Universal Commerce for Wholesale Roaming Monetization".
- ^ "SVR | iShares Silver Bullion ETF Hedged Overview". MarketWatch. Retrieved March 13, 2023.
- ^ Nobel, Carmen (March 1, 2004). "TSI Now Syniverse Technologies". eWEEK. Retrieved March 13, 2023.
- ^ "Syniverse completes IPO, begins trading". Tampa Bay Business Journal. www.bizjournals.com. February 10, 2005. Archived from the original on November 11, 2012. Retrieved July 30, 2023.
- ^ "Wireless AMBER Alerts Up and Running", Wireless Week, May 17, 2005
- ^ "Syniverse Signs Three More Wireless Operators for 1xRTT/1xEV-DO Solution; Syniverse Now Enables Mobile Data Roaming For More Than 115 million CDMA Subscribers Worldwide", TMC Net, September 27, 2005
- ^ "Here comes dot.mobi", Telecom Redux, July 14, 2005
- ^ "Syniverse acquires telecommunications business of ITHL", DQ Channels, June 23, 2006
- ^ Victoria Ho, "S’pore on track for number portability" ZDNet Asia, December 26, 2007
- ^ "Syniverse helps Canadians meet WNP deadline", Telephony Online, March 15, 2007 . Retrieved on March 16, 2009.
- ^ "Syniverse expands international footprint with BSG acquisition", Telephony Online, April 2. 2007
- ^ "Standard & Poor's Announces Change to U.S. Index", TMC Net, February 19, 2009
- ^ "India Department of Telecommunications Selects Syniverse to Provide Mobile Number Portability", TMC Net, March 9, 2009
- ^ "Syniverse Completes Acquisition of WSI", "Yahoo! Finance", May 15, 2009
- ^ "Syniverse Completes Acquisition of VeriSign`s Messaging Business", "TMC Net", October 27, 2009. Retrieved December 9, 2009
- ^ "Wireless industry targets pregnant women with m-health initiative", "RCR Wireless", February 4, 2010. Retrieved May 26, 2010
- ^ "CTIA-The Wireless Association Announces New Latin America Common Short Code Initiative", "Earth Times", March 23, 2010. Retrieved May 26, 2010
- ^ "Syniverse Technologies goes private with Carlyle Group deal", Tampa Bay Business Journal, Jan. 13, 2011
- ^ "MWC - Syniverse delivers world’s first fully-interoperable mobile video communications solution to Korea Telecom", Mobile Europe, Feb. 15, 2011
- ^ "Twilio to become minority owner in Syniverse Technologies with $750M investment". TechCrunch. Retrieved March 1, 2021.
- ^ "Syniverse gets new CEO". St Pete Catalyst. March 17, 2021. Retrieved March 26, 2021.
- ^ "Carlyle-Backed Syniverse Said in M3-Brigade SPAC Merger Talks - Bloomberg". Bloomberg News. June 23, 2021. Retrieved June 23, 2021.
- ^ "Syniverse Technologies SPAC Merger". USStock. June 23, 2021.
- ^ Cridlin, Jay (August 18, 2021). "Tampa company Syniverse going public in $2.8 billion merger". Tampa Bay Times. Retrieved August 19, 2021.
- Vice.com. Retrieved October 4, 2021.