Mobile Technology News & Mobile Fun

Syniverse Buys VeriSign’s Messaging Unit 4 $175 Million

Syniverse Technologies will acquire VeriSign, Inc.’s messaging business for 5 million, subject to
working capital adjustments.

The proposed acquisition will combine Syniverse’s NEXTAdvanced Messaging Hub, the industry’s first comprehensive enhanced
messaging hub, and other NEXT messaging offerings with four of
VeriSign’s 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
    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 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.

The transaction is subject to customary closing conditions and
regulatory approvals. Deutsche Bank and Alston & Bird LLP provided
advisory services to Syniverse in connection with the transaction.

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