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August 04, 2015 10:28 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 processing, clearing, 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; real-time policy management; and business intelligence services. It also provides enterprise and...

8125 Highwoods Palm Way

Tampa, FL 33647

United States

Founded in 1987

2,538 Employees

Phone:

813-637-5000

Key Executives for Syniverse Holdings, Inc.

Chief Executive Officer, President, Director and Member of Nominating & Corporate Governance Committee
Age: 56
Chief Financial Officer
Age: 55
Chief Sales Officer and President of Global Sales & Service
Age: 50
Executive Vice President of Global Product Management and Development
Age: 54
Senior Vice President, General Counsel and Secretary
Age: 58
Compensation as of Fiscal Year 2015.

Syniverse Holdings, Inc. Key Developments

LG Uplus Launches VoLTE Roaming with Syniverse

LG Uplus to launch a commercial VoLTE roaming service, featuring HD voice. Made possible by Syniverse's IPX network, the service allows LG Uplus subscribers to roam onto the KDDI network in Japan and will allow LG Uplus to expand coverage and services in additional markets. Syniverse's IPX interconnects the world's networks to make LTE roaming possible. With nearly 800 LTE roaming routes, Syniverse's IPX reaches more than 200 operators in 44 countries. This reach includes 104 direct connections that enable Syniverse to launch VoLTE trials and deployments around the globe. As a result, Syniverse said it recently enabled the world's first transoceanic VoLTE roaming call and has direct LTE connections with 14 of the 16 operators that have launched VoLTE.

Syniverse Holdings, Inc. Announces Earnings Results for the First Quarter Ended March 31, 2015

Syniverse Holdings, Inc. announced earnings results for the first quarter ended March 31, 2015. Revenues for the quarter were $209.6 million, down $10.1 million or 4.6% compared to the prior year quarter. The year-over-year decline was primarily attributable to volume reductions across CDMA portfolio, continued pricing pressure across GSM clearing and settlement suite and the impact of a legacy messaging service that went end-of-life in May 2014. Adjusted EBITDA for the first quarter was $62 million, down 20.8% versus the prior year quarter. Nearly half of the year-over-year decline was driven by a combination of FX and the $6 million of incremental costs incurred related to the onetime customer event. Free cash flow was $2.6 million for the quarter compared to a negative free cash flow of $12.8 million in the prior year period. Capital expenditures during the quarter were $18.2 million compared to $30.9 million in the prior year period. Operating income for the quarter was $0.2 million compared to $11.9 million in the prior year period, driven primarily by the decline in revenue and the $6 million of incremental message termination fees.

Syniverse Holdings, Inc. to Report Q1, 2015 Results on May 12, 2015

Syniverse Holdings, Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on May 12, 2015

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