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US mobile messaging vendor Syniverse to Acquire Mach for EUR550M.
US
mobile messaging vendor Syniverse has agreed to acquire
Luxembourg-based cloud services company Mach for around EUR550 million.
The acquisition is intended to allow Syniverse to improve the
interoperability of its services and bring them to market more quickly,
as well as boost its customer base. The deal remains subject to
regulatory approval.
Press Release:
Syniverse Agrees to Acquire MACH
Acquisition will benefit mobile users with increased reach, enhanced mobile ecosystem interoperability and improved time-to-market for advanced services.
TAMPA, Fla. – July 3, 2012 –In a strategic move to expand its global reach and scale, Syniverse announced today that it has signed a definitive agreement to acquire MACH for cash consideration of approximately €550 million, subject to regulatory approvals. Once closed, the transaction is expected to be accretive within the first year of closing the transaction.
“The proposed acquisition will benefit both mobile users and the entire mobile ecosystem with greater reach, agility and solutions for the Mobile 3.0 environment, simplifying the increasing complexity of interoperability and service ubiquity,” said Jeff Gordon, President and CEO, Syniverse. “As mobile continues to permeate everyday life around the globe, Syniverse will have the added scale to provide mobile service providers (MSPs), such as mobile operators, Internet service providers, cable MSOs, emerging providers, enterprises and more, improved time to market and capabilities that deliver the quality of experience that end users demand. Ultimately, mobile consumers will benefit from more advanced services and applications while MSPs will realize additional revenue opportunities and cost savings from service efficiencies.”
The acquisition would add to Syniverse’s existing global customer base of more than 900 MSPs in over 160 countries and will enable the collective company to rapidly address the latest marketplace demands by bringing to market new solutions such as real-time intelligence, fraud prevention, revenue assurance as well as more flexible roaming solutions that address ecosystem interoperability, Wi-Fi offload, multi-SIM solutions and mandated provisions to support local breakout.
“The proposed acquisition will grow our top line revenue, while providing the scale and critical mass to further develop and speed to market advanced solutions that will give providers throughout the mobile ecosystem the ability to deliver a better mobile experience for end users worldwide,” Gordon said.
“The proposed acquisition offers significant potential benefits for our customers and end users globally,” said Morten Brøgger, CEO, MACH. “Combined, we would provide a complementary suite of solutions that would enable customers to deliver an enhanced end-user experience.”
The transaction is subject to regulatory approvals. Deutsche Bank acted as sole M&A adviser and Debevoise & Plimpton and Shearman & Sterling acted as legal advisers to Syniverse in connection with the transaction. Barclays, Deutsche Bank, Credit Suisse and Goldman Sachs will provide debt financing for the transaction.
About Syniverse
Syniverse makes mobile work for more than 900 mobile operators, cable and Internet providers, and enterprises in over 160 countries. With unmatched expertise and 25 years simplifying the complexities of roaming, messaging and networking, Syniverse serves as the force at the center of the mobile communications universe, keeping people connected today and forging new connections for tomorrow. Nobody knows mobile like Syniverse. For more information, visit www.syniverse.com, follow Syniverse on Twitter or find Syniverse on Facebook.
About MACH
MACH connects and monetizes the telecom world with its comprehensive and growing portfolio of cloud-based communication services, providing its 650 operator customers with mission-critical solutions to monetize mobile data, simplify interoperability between networks, optimize wholesale processes and protect revenues. Headquartered in Luxembourg, MACH has offices in 12 countries. Its global customers include Orange, Telefonica, T-Mobile, Telus, Verizon Wireless and Microsoft, as well as high volume of enterprise messaging customers like KLM. For more information, visit www.mach.com.
For more information, contact:
Bobby Eagle
Syniverse Public Relations
+1 813.637.5050
bobby.eagle@syniverse.com
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