Syniverse snaps up VeriSign messaging business
Mobile messaging firm Syniverse this week announced plans to acquire the messaging unit of US tech and security company VeriSign for $175m in cash.
The Content and Messaging division of VeriSign features SMS, MSS and mobile content platforms focusing on mobile operators, content providers via premium messaging, WAP portals and enterprise services. VeriSign delivered more than 224 billion mobile messages in 2008.
“As mobile messaging volumes continue to experience double-digit growth, Syniverse will have the scale, reach and capabilities needed to provide mobile operators – large or small – with greater vendor choice and faster time to market for the services subscribers demand,” said Tony Holcombe, president and CEO of Syniverse.
Under the deal, Syniverse will combine its NextSM Advanced Messaging Hub with VeriSign’s enterprise messaging operations including Inter-Carrier Gateway, PictureMail, Premium Messaging Gateway, and the Mobile Enterprise Solutions business.
As part of the agreement, Syniverse will acquire approximately 300 additional employees located primarily in the US and Asia Pacific.