Syniverse Announces 6 Million Share Distribution by GTCR

  
    
  
  
    
      Syniverse Technologies 
      (NYSE:SVR), a leading provider of technology and business solutions for 
      the global telecommunications industry, announced today that GTCR Golder 
      Rauner LLC (GTCR) investment funds distributed 6 million shares of 
      Syniverse common stock to the funds' limited partners and certain of the 
      funds' affiliates. GTCR is a Chicago-based private equity investment 
      firm that partnered with Syniverse’s 
      management team to acquire the company from Verizon Communications Inc. 
      in 2002.
    
    
      Following the distribution, affiliates of GTCR will continue to own 
      approximately 4.9 million shares of Syniverse’s 
      common stock, or about 7.1 percent of the company’s 
      current outstanding shares.
    
    
      Syniverse stated that neither this distribution nor any future 
      distribution of shares by affiliates of GTCR will have any effect upon 
      the total number of shares outstanding.
    
    
      Syniverse shares trade on the New York Stock Exchange under the symbol “SVR.”
    
    
      About Syniverse
    
    
      Syniverse Technologies (NYSE:SVR) solutions allow more than 600 
      communications companies in over 120 countries to provide seamless 
      mobile services by making it possible for disparate technologies and 
      standards to interoperate. Syniverse's flexibility and customer focus 
      permit its customers to quickly react to market changes and demands, 
      enabling the delivery of everything from voice calls to sophisticated 
      data and video services wherever and whenever subscribers need them. 
      With more than 20 years in the industry, Syniverse is headquartered in 
      Tampa, Florida, U.S.A., and has offices in major cities around the 
      globe. Syniverse is ISO 9001:2000 certified and TL 9000 approved, 
      adhering to the principles of customer focus and quality improvement 
      practices. More information is available at www.syniverse.com.
    
    
      Cautions about Forward-Looking Statements
    
    
      This press release contains "forward-looking statements" within the 
      meaning of the Private Securities Litigation Reform Act of 1995. These 
      include, but are not limited to, statements regarding the Company's 
      plans, intentions and expectations. Such statements are inherently 
      subject to a variety of risks and uncertainties that could cause actual 
      results to differ materially from those projected. Given these concerns, 
      investors and analysts should not place undue reliance on 
      forward-looking statements.