Syniverse Technologies (SVR) announced that it completed its acquisition of VeriSign Inc.'s (VRSN) Messaging and Mobile Media Services for about $175 million in cash, subject to working capital adjustments. The transaction, which was effective Oct. 23, is expected to be immediately accretive to cash net income. The acquisition brings to Syniverse four operator and enterprise messaging solutions. They are Inter-Carrier Gateway, PictureMail, Premium Messaging Gateway, Mobile Enterprise Solutions.
Inter-Carrier Gateway enables operators to deliver inter-carrier person-to-person SMS and MMS messages across geographies and technologies. PictureMail provides a state-of-the-art MMS platform with core components that include a hosted MMS service center 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 A2P 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.
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