August 29, 2016 2:22 PM ET

IT Services

Company Overview of Syniverse Holdings, Inc.

Company Overview

Syniverse Holdings, Inc. provides transaction processing and intelligence solutions enabling seamless mobile communication for mobile network operators (MNOs), over-the-top providers (OTTs), and enterprises worldwide. The company offers mobile transaction services, such as clearing, processing, and exchanging end-user billing records between MNOs; processing and settling payments between participants in the mobile ecosystem; activating, authenticating, and authorizing end-user mobile activities; managing the routing and delivery of SMS, MMS, and next generation messaging; data transport services; intelligent policy and charging tools; and risk management tools to prevent fraudulent activity ...

8125 Highwoods Palm Way

Tampa, FL 33647

United States

Founded in 1987

2,671 Employees



Key Executives for Syniverse Holdings, Inc.

Chief Executive Officer, President and Director
Age: 57
Chief Financial Officer and Executive Vice President
Age: 56
President of Enterprise Solutions
Age: 46
President of Service Provider Group and Global Strategy
Senior Vice President, General Counsel and Secretary
Age: 59
Compensation as of Fiscal Year 2016.

Syniverse Holdings, Inc. Key Developments

Syniverse Eyes Acquisitions

Syniverse Holdings, Inc. is seeking acquisitions. Steve Gray, President and Chief Executive Officer of Syniverse Holdings said that Syniverse Holdings may consider smaller partnerships or possibilities that it might have discussions on in the next couple of quarters.

Syniverse Holdings, Inc. Announces Earnings Results for the Second Quarter Ended June 30, 2016

Syniverse Holdings, Inc. announced earnings results for the second quarter ended June 30, 2016. The company's revenues for the quarter were $197.7 million, down $18.5 million or 8.5% against the prior year quarter and up sequentially from the first quarter by $3.3 million or 1.7%. The year-over-year decrease in revenue was primarily attributable to the continued headwinds in its MTS business, partially offset by organic growth in portions of both the MTS and EIS portfolios, all of which I'll cover in more detail later in my remarks. Adjusted EBITDA for the second quarter was $72.1 million, down just $1.7 million or 2.3% against the prior year quarter and up sequentially from the first quarter by $16.2 million or 29%. The year-over-year decline was primarily attributable to the overall shift in revenue mix, mostly offset by lower cost of operations and SG&A as a result of the realization of its continued cost reduction initiatives achieved during the first half of 2016. Capital expenditures were $31.1 million for the first half of 2016 compared to $32.6 million in the prior year period. The decrease was primarily attributable to lower capital spending on integration activities and lower spending on incremental network capacity.

Syniverse Holdings, Inc. to Report Q2, 2016 Results on Aug 10, 2016

Syniverse Holdings, Inc. announced that they will report Q2, 2016 results at 5:00 PM, Eastern Daylight on Aug 10, 2016

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