{"id":206007,"date":"2021-03-02T11:32:27","date_gmt":"2021-03-02T11:32:27","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=311134"},"modified":"2021-03-02T11:32:27","modified_gmt":"2021-03-02T11:32:27","slug":"twilio-invests-750m-in-syniverse","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/03\/02\/twilio-invests-750m-in-syniverse\/","title":{"rendered":"Twilio invests $750M in Syniverse"},"content":{"rendered":"

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\tCloud communications company Twilio revealed plans to acquire a minority stake in Syniverse for up to $750 million, part of a deal The Wall Street Journal tipped to pave the way for the software company to become publicly traded.<\/p>\n

A statement announcing the deal appeared to confirm this possibility, explaining the companies would jointly \u201cpursue additional potential financing transactions\u201d including \u201ca public market transaction or an additional equity investment\u201d.<\/p>\n

The deal is expected to close by the end of the year and includes a wholesale agreement putting Syniverse in charge of processing application-to-person messaging traffic between Twilio customers and mobile operators.<\/p>\n

Twilio\u2019s cloud-based communications platform delivers voice, text, video and email communications for 220,000 customers across the globe, while Syniverse is one of the telecom industry\u2019s largest IP packet exchange providers.<\/p>\n

James Attwood, Syniverse executive chairman, stated the pairing would enable it to \u201caccelerate our next phase of growth\u201d through \u201caccess to Twilio\u2019s extensive enterprise and API services expertise\u201d.<\/p>\n

Twilio chief product officer Chee Chew added Syniverse\u2019s expertise navigating \u201cthe complexity of the interconnected telecommunications ecosystem\u201d would allow it to offer \u201cbest-in-class\u201d services as messaging increasingly becomes a preferred communication channel with consumers.<\/p>\n\n

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Cloud communications company Twilio revealed plans to acquire a minority stake in Syniverse for up …<\/p>\n

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