Syniverse Announces Three-Year Contract Extension with Verizon Wireless

  
    
  
  
    
      Syniverse Technologies 
      (NYSE:SVR), a leading provider of technology and business solutions for 
      the global telecommunications industry, today announced that it has 
      entered into a three-year contract extension with Verizon Wireless, 
      effective Sept. 30.
    
    
      Under the terms of the agreement, Syniverse will continue to empower the 
      wireless operator with capabilities that enable it to deliver seamless 
      mobile services by making it possible for disparate technologies and 
      standards to interoperate. All of the existing product lines that 
      Syniverse currently provides to Verizon Wireless for the management of 
      its data clearing and roaming operations are encompassed by the 
      contract, including:
    
    
      Mobile 
      Data Roaming – Enables mobile 
      operators to cost effectively bridge technical gaps and simplify 
      business relationships among roaming partners to meet subscriber demand 
      for ubiquitous wireless data connectivity.
    
    
      Data 
      Clearing House – Effectively and 
      efficiently manages data clearing and roaming operations for an 
      operator, minimizing the resources required to handle roaming accounting 
      and ensuring the rapid exchange of data records that drive accurate 
      invoicing and settlement, and increase revenue assurance.
    
    
      UniRoam® 
      – The first-in-the-industry inter-standard 
      roaming solution that enables operators to provide global access to 
      voice and data services across both CDMA and GSM-based networks.
    
    
      “For the past two decades, Verizon Wireless 
      and Syniverse have worked hand-in-hand to bridge the technical issues 
      associated with roaming and simplify the business relationships among 
      telecommunications partners to enable for seamless delivery of wireless 
      services, regardless of geographies,” said 
      Tony Holcombe, President and CEO, Syniverse. “With 
      the extension of this contract, we look forward to building on this 
      collaboration to deliver seamless wireless communications to Verizon 
      Wireless’ customers.”
    
    
      According to Syniverse, the terms of the agreement were consistent with 
      its financial guidance issued on Aug. 4, 2008.
    
    
      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.