Syniverse signs up to acquire MACH

Staff writer
19 Jul 2012
00:00

Syniverse has signed a definitive agreement to acquire MACH for cash consideration of approximately €550 million ($672 million), subject to regulatory approvals.

Once closed, the transaction is expected to be accretive within the first year of closing the transaction.

“The proposed acquisition will benefit both mobile users and the entire mobile ecosystem with greater reach, agility and solutions for the Mobile 3.0 environment, simplifying the increasing complexity of interoperability and service ubiquity,” said Jeff Gordon, president and CEO of Syniverse.

The acquisition will enable the collective company to rapidly address the latest marketplace demands by bringing to market new solutions such as real-time intelligence, fraud prevention, revenue assurance as well as more flexible roaming solutions that address ecosystem interoperability, Wi-Fi offload, multi-SIM solutions and mandated provisions to support local breakout.

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