Syniverse, a globally connected company, and Twilio, a cloud communications platform, announced they have entered into a partnership to accelerate the next wave of innovation in mobile communications and drive long-term growth.
Additionally, the companies have signed a definitive agreement for Twilio to invest up to $750 million cash in Syniverse and become a significant minority owner of the company. The Carlyle Group, Syniverse’s current majority owner, will maintain its majority interest in Syniverse.
Through this partnership, Syniverse will benefit from Twilio’s breadth of experience serving enterprise customers to capitalize on the next wave of growth in mobile communications. Syniverse will be positioned to serve its core carrier customers and support continued innovation, customer service and long-term growth.
Syniverse and Twilio will enter into a wholesale agreement whereby Syniverse will process, route and deliver application-to-person messages originating and/or terminating between Twilio’s customers and mobile network operators.
Syniverse has been a trusted entity and innovator in communications infrastructure for more than 30 years, providing secure networking and connectivity solutions to mobile network operators and enterprises worldwide. The company is one of the largest private IP Packet Exchange providers in the world and offers a range of networking solutions, excelling in scenarios where seamless connections must cross over networks – either across multiple private networks or between public and private networks.
Twilio’s customer engagement platform provides next-generation communications services for channels like voice, text, chat, video and email to more than 220,000 customer accounts globally. Twilio enables software developers and companies to programmatically make and receive phone calls, send and receive text messages, and perform other communication functions using its web service application programming interfaces.
