Completion offers operators unrivalled data and financial clearing capabilities

December 19, 2007

1 Min Read

TAMPA, Fla. -- Syniverse Technologies (NYSE:SVR - News), a leading provider of technology and business solutions for the global telecommunications industry, announced today that its acquisition of the wireless services business of Billing Services Group Limited (BSG) has been completed. The combined company serves more than 500 customers in over 100 countries with the industry’s broadest suite of voice and data roaming, financial clearinghouse, messaging, and signaling services.

“This acquisition significantly expands Syniverse’s global footprint and adds a world-class financial settlement platform to our industry-leading suite of services,” said Tony Holcombe, President and CEO, Syniverse. “The combination of Syniverse and BSG Wireless also will lead to increased operating efficiencies, and we expect to realize $12 million of annual cost synergies within two years.”

The former BSG Wireless operations will become part of Syniverse’s EMEA organization and will be led by Eugene Bergen Henegouwen, Executive Vice President, EMEA, Syniverse.

Bergen Henegouwen said the acquisition will enable Syniverse to provide increasingly superior products and services over the long term.

“The blend of Syniverse and BSG Wireless know-how will allow us to deliver mobile operators even higher levels of expertise and innovative solutions while addressing their needs for a trusted one-stop shop for both data clearing and financial clearing services,” he said.

Syniverse Technologies LLC

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