Levetown & Jenkins, LLP Announces an Investigation of the Acquisition of Syniverse Technologies Inc. by Carlyle Group

Levetown & Jenkins, LLP is conducting an investigation into alleged breaches of fiduciary duties and violations of state law by Syniverse Technologies Inc. (“Syniverse”) (NYSE:SVR) and its Board of Directors in conjunction with the proposed buyout and acquisition of Syniverse by Carlyle Group. Under the terms of a definitive merger agreement announced on October 28, 2010, Syniverse shareholders will receive $31.00 in cash for each share of Syniverse common stock they hold. The transaction, which is expected to close in the first quarter of 2011, is valued at approximately $2.6 billion. After the transaction is complete, Syniverse will operate as a privately held company.

The firm’s investigation concerns whether the proposed acquisition properly values Syniverse. Specifically, the investigation seeks to determine whether the Syniverse Board of Directors engaged in a fair process to obtain adequate consideration for all of the company's shareholders, whether the transaction undervalues the company to the detriment of its shareholders and, if so, the extent to which the company is undervalued in the proposed transaction.

Levetown & Jenkins, LLP is a national law firm comprised of former federal and state prosecutors with extensive experience in the investigation and prosecution of shareholder fraud. The firm specializes in the representation of investors in shareholder and securities fraud class actions. If you currently own shares of Syniverse and wish to obtain additional information about your rights as a shareholder, please contact Michael T. Harrison, Esq. at [phone] or [e-mail]. For more information about the firm, please visit www.levjen.com.

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