Syniverse Announces Three-Year Contract Extension with Verizon Wireless

TAMPA, Fla., Oct 07, 2008 (BUSINESS WIRE) -- Syniverse Technologies, 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. U

niRoam(R) -- 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 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.