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Syniverse provides wireless voice and data services to telephone companies. CNBC has confirmed that the deal will happen between the two companies and that buying the messaging system from Verisign would allow Syniverse to expand their capability to wirelessly send text and picture messages.
Buying the messaging system from Verisign will also allow Syniverse to employ an additional 300 employees. Verisign, who is a network infrastructure service controls 60 percent of mobile messaging traffic in the United States and has allowed for 932 million messages per day to be delivered, according to Jason Ankeny of Fierce Mobile Content.
In Syniverse Inc.’s press release they explained that buying Verisign’s messaging system would allow them to combine their NEXTSM Advance Messaging Hub with four of VeriSign’s messaging solutions including picture mail, SMS and MMS messaging, the capability to deliver third party content and allows for Mobile Enterprise Solutions which allow businesses to communicate more efficiently through mobile phones.
Tony Holcombe, the CEO of Syniverse Holdings Inc. stated that buying Verisign’s messaging system would benefit the mobile consumer with more messaging services and applications.
Syniverse Holdings Inc. will be holding a live conference call at 10:30 a.m. (ET) to further discuss their participation in buying this messaging system from Verisign Inc. To participate a U.S. caller may call 1-800-573-4840 and use the pass code 59122512 or listen to the live internet stream at www.syniverse.com/investorevents.
Written by Danielle Battaglia
Posted August 25th, 2009 by Danielle Battaglia
