Syniverse’s Evolved Mobility Enables New
Roaming Capabilities for Verizon
Syniverse, the “world’s most connected company”™ and a premier
global technology provider of mission-critical mobile platforms for
carriers and enterprises, today announced it is partnering with
Verizon to implement Syniverse’s Evolved Mobility solution.
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John McRae, President, Carrier, Syniverse
(Photo: Business Wire)
The Evolved Mobility solution empowers Verizon to grow
international roaming revenues and enable new roaming partner
access to America’s largest and most reliable network. With
Syniverse’s Evolved Mobility solution, Verizon can now serve
inbound roamers with Voice over LTE (“VoLTE”) enabled devices from
international mobile operators who have not yet launched VoLTE on
their network.
Syniverse’s Evolved Mobility will enable Verizon to build new
roaming relationships with international mobile operators it has
never been able to service before. Evolved Mobility facilitates
voice and short message service (“SMS”), clearing and settlement,
and global testing services for a full end-to-end solution.
Syniverse and Verizon are actively working together to onboard
global mobile operators and to allow seamless roaming into
Verizon’s network for travelers visiting the United States via the
Syniverse Evolved Mobility solution.
For more than three decades and since 1G, Syniverse has managed
the transition from each generation of mobile network technologies.
With Evolved Mobility, Syniverse will continue to drive innovation
and interoperability across the mobile ecosystem.
In August 2021, Syniverse announced its plan to go public
through a merger agreement with M3-Brigade Acquisition II Corp.
(NYSE: MBAC). On January 10, 2022, Syniverse and MBAC announced
that MBAC’s special meeting of shareholders to approve the merger
is scheduled to be held on February 9, 2022. On January 7, 2022,
MBAC commenced mailing of its definitive proxy statement to its
shareholders of record as of January 6, 2022. Upon closing of the
transaction, the renamed Syniverse Technologies Corporation will be
listed on the New York Stock Exchange under the ticker “SYNV.”
CLICK TO TWEET: News alert: @Syniverse, the
world’s most #connected company, helps @Verizon expand its inbound
international #roaming revenues via #syniverse #evolvedmobility.
#verizon #networktechnology https://bit.ly/2WzS6SZ
Supporting Quotes
- Ronita Mathias, VP Commercial Finance / Roaming Services,
Verizon
“We are excited about the capabilities that
Syniverse’s Evolved Mobility solution brings to Verizon, as we
continue to rapidly expand the number of international operators we
are partnering with for roaming in the USA. Evolved Mobility will
allow us to connect with those operators who are not quite ready
with a VoLTE solution of their own, opening up the opportunity for
additional operators to get access to America’s most reliable
network.”
- John McRae, President, Carrier, Syniverse
“Syniverse welcomes the opportunity to help
Verizon increase inbound roaming. Our Syniverse Evolved Mobility
solution enables Verizon to connect with global mobile operators
that do not have the voice-connecting technology known as Voice
over Long-Term Evolution, or VoLTE roaming, allowing Verizon to
seamlessly support inbound roamers onto a Verizon network and
giving them a consistent mobile user experience when traveling in
the USA.”
Digital Assets
- [Photo] John McRae
- [Image] Syniverse logo
Supporting Resources
- Read about Verizon.
- Read about Syniverse.
- Read about John McRae.
- Read and subscribe to the Syniverse Blog.
- Read and subscribe to Syniverse news releases.
- For more information about Syniverse’s news and activities,
follow the company on Twitter, LinkedIn and Facebook.
About Syniverse
Syniverse is a leading global provider of unified,
mission-critical platforms enabling seamless interoperability
across the mobile ecosystem. Syniverse makes global mobility work
by enabling consumers and enterprises to connect, engage, and
transact seamlessly and securely. Syniverse offers a premier
communications platform that serves both enterprises and carriers
globally and at scale. Syniverse’s proprietary software, protocols,
orchestration capabilities and network assets have allowed
Syniverse to address the changing needs of the mobile ecosystem for
more than 30 years. Syniverse continues to innovate by harnessing
the potential of emerging technologies such as 5G, IoT, RCS and
CPaaS for its customers.
Forward-Looking Statements
This press release may contain “forward-looking statements”
within the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. The expectations,
estimates and projections of the businesses of MBAC or Syniverse
may differ from their actual results and consequently you should
not rely on these forward-looking statements as predictions of
future events. Words such as “expect,” “estimate,” “project,”
“budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,”
“will,” “would,” “could,” “should,” “believes,” “predicts,”
“potential,” “continue,” and similar expressions are intended to
identify such forward-looking statements. These forward-looking
statements include, without limitation, expectations with respect
to future performance of MBAC and Syniverse and anticipated
financial impacts of the proposed transaction, the satisfaction of
the closing conditions to the proposed transaction and the timing
of the completion of the proposed transaction.
These forward-looking statements are not guarantees of future
performance, conditions, or results, and involve significant risks
and uncertainties that could cause the actual results to differ
materially from the expected results. Most of these factors are
outside of the control of MBAC and Syniverse and are difficult to
predict. Factors that may cause such differences include, but are
not limited to: (1) the inability to complete the transactions
contemplated by the agreement and plan of merger with respect to
the proposed transaction (the “Merger Agreement”), including due to
failure to obtain approval of the stockholders of MBAC or other
conditions to closing in the Merger Agreement; (2) the outcome of
any legal proceedings that may be instituted against the parties
following announcement of the Merger Agreement and the proposed
transactions contemplated thereby; (3) the ability to recognize the
anticipated benefits of the proposed business combination, which
may be affected by, among other things, competition, the ability of
the post-combination company to grow and manage growth profitably,
maintain relationships with customers and suppliers and retain its
management and key employees; (4) the occurrence of any event,
change or other circumstances that could give rise to the
termination of the Merger Agreement and the proposed transactions
contemplated thereby; (5) risks related to the uncertainty of the
projected financial information with respect to Syniverse; (6) the
inability to obtain or maintain the listing of the post-acquisition
company’s Class A Stock and public warrants on the NYSE following
the proposed business combination; (7) risks related to the
post-combination company’s ability to raise financing in the
future; (8) the post-combination company’s success in retaining or
recruiting, or changes required in, our officers, key employees or
directors following the proposed business combination; (9) our
directors and officers potentially having conflicts of interest
with our business or in approving the proposed business
combination; (10) intense competition and competitive pressures
from other companies in the industry in which the post-combination
company will operate; (11) the business, operations and financial
performance of Syniverse, including market conditions and global
and economic factors beyond Syniverse’s control; (12) the effect of
legal, tax and regulatory changes; (13) the receipt by MBAC or
Syniverse of an unsolicited offer from another party for an
alternative business transaction that could interfere with the
proposed business combination; (14) the risk that the proposed
business combination disrupts current plans and operations of MBAC
or Syniverse as a result of the announcement and consummation of
the transactions described herein; (15) costs related to the
proposed business combination; (16) changes in applicable laws or
regulations; (17) the possibility that MBAC or Syniverse may be
adversely affected by other economic, business, and/or competitive
factors; (18) the amount of redemption requests made by MBAC’s
public stockholders; (19) the impact of the continuing COVID-19
pandemic on MBAC, Syniverse and Syniverse’s projected results of
operations, financial performance or other financial metrics or on
any of the foregoing risks; and (20) other risks and uncertainties
disclosed in MBAC’s Quarterly Reports on Form 10-Q and the proxy
statement, discussed above, including those under “Risk Factors,”
and other documents filed or to be filed with the SEC by MBAC.
MBAC and Syniverse caution that the foregoing list of factors is
not exclusive. You should not place undue reliance upon any
forward-looking statements, which speak only as of the date made.
Syniverse and MBAC do not undertake or accept any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in their
expectations or any change in events, conditions, or circumstances
on which any such statement is based.
Information About the Proposed Transaction and Where to Find
It
In connection with the proposed transaction, MBAC has filed a
definitive proxy statement with the SEC. MBAC’s stockholders and
other interested persons are advised to read the definitive proxy
statement and documents incorporated by reference therein filed in
connection with the proposed transaction, as these materials will
contain important information about MBAC, Syniverse and the
proposed transaction. MBAC has commenced mailing of the definitive
proxy statement to the stockholders of MBAC as of January 6, 2022,
the record date established for the proposed transaction. MBAC
Stockholders will also be able to obtain copies of the definitive
proxy statement and other documents filed with the SEC that will be
incorporated by reference therein, without charge at the SEC’s
website at https://www.sec.gov/, or by directing a request to:
M3-Brigade Acquisition II Corp., 1700 Broadway – 19th Floor, New
York, New York 10019.
Participants in the Solicitation
MBAC and its directors and executive officers may be deemed
participants in the solicitation of proxies of MBAC’s stockholders
with respect to the proposed transaction. A list of those directors
and executive officers and a description of their interests in MBAC
have been filed in the proxy statement for the proposed transaction
and are available at https://www.sec.gov/. Additional information
regarding the interests of such participants is contained in the
proxy statement.
Syniverse and its directors and executive officers may also be
deemed to be participants in the solicitation of proxies from the
stockholders of MBAC in connection with the proposed transaction. A
list of the names of such directors and executive officers and
information regarding their interests in the proposed transaction
have been included in the proxy statement for the proposed business
combination.
No Offer or Solicitation
This press release shall not constitute a solicitation of a
proxy, consent, or authorization with respect to any securities or
in respect of the proposed transaction. This press release shall
not constitute an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any sale of securities in
any states or jurisdictions in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of such state or jurisdiction. No offering of
securities shall be made except by means of a prospectus meeting
the requirements of Section 10 of the Securities Act of 1933, as
amended.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220131005103/en/
Journalists, bloggers & research analysts Kevin Petschow
pr@syniverse.com +1.813.637.5084
Institutional investors Stanley Martinez ir@syniverse.com
+1.813.614.1070
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