Rigrodsky & Long, P.A. Investigates Syniverse Technologies Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Syniverse Technologies (“Syniverse” or the “Company”) (NYSE:SVR) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired and taken private by The Carlyle Group (“Carlyle”) in a transaction valued at approximately $2.6 billion. Click here to learn how to join the action: http://www.rigrodskylong.com/news/SyniverseTechnologies-SVR.

Under the proposed agreement, Carlyle will acquire all of the outstanding common shares of Syniverse for $31.00 per share in cash. The investigation concerns whether Syniverse’s board of directors failed to adequately shop the Company and obtain the best price possible for Syniverse’s shareholders before entering into the agreement with Carlyle.

As recent as August 2, 2010, Syniverse issued its second quarter 2010 financial results wherein the Company reported a 39.9% increase in total revenue compared to the same period in 2009, a 40.9% increase in net revenue compared to the same period in 2009, and a 35.6% increase in net income compared to the same period in 2009. Tony Holcombe, Syniverse’s President and CEO, commented: “Strong organic growth fueled by sales to new and existing customers, plus a renewal rate of 99%, led us to increase full-year guidance to reflect our market momentum.”

If you own the common stock of Syniverse and purchased your shares before October 28, 2010, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at [phone], or by e-mail to [e-mail].

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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