Syniverse and Twilio Close on Strategic Partnership to Unlock the Power of Communications Technology
Twilio has committed $750 million to acquire a minority stake in Syniverse, enhancing their strategic partnership. This investment is part of a broader strategy to accelerate innovation and improve global communication capabilities. Concurrently, Syniverse raised $1.025 billion in new Term Loan debt and $340 million in preferred equity, primarily aimed at reducing leverage. Syniverse aims to leverage Twilio's expertise to enhance services for enterprise and carrier customers, capitalizing on advancements in 5G and CPaaS.
- Twilio's investment of $750 million strengthens its strategic partnership with Syniverse.
- Syniverse raised $1.025 billion in new Term Loan debt and $340 million in preferred equity, enhancing its financial position.
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Twilio has invested in Syniverse for a minority ownership stake$750 million - Partnership will fuel continued innovation and accelerate seamless connectivity and engagement across the world of communications
Under the terms of the transaction,
Syniverse’s Chief Executive Officer
Through this partnership, Syniverse will benefit from Twilio’s breadth of experience serving enterprise customers to capitalize on the next wave of growth in digital communications. Syniverse will also be even better positioned to serve its carrier customers and support continued innovation, customer service and lasting growth.
Advisors
About Syniverse
Syniverse is the world’s most connected company. We seamlessly connect the world’s networks, devices, and people, so the world can unlock the full power of communications.
Our secure, global technology powers the world’s leading carriers, top Forbes Global 2000 companies, and billions of people, devices, and transactions every day. Our engagement platform delivers better, smarter experiences that strengthen relationships between businesses, customers, and employees.
For over 30 years, we have accelerated important advances in communications technology. Today we are an essential driver of the world’s adoption of intelligent connectivity, from 5G and CPaaS to IoT and beyond.
About
Today’s leading companies trust Twilio’s Customer Engagement Platform (CEP) to build direct, personalized relationships with their customers everywhere in the world. Twilio’s leading communications APIs enable companies to engage with their customers across voice, conversations, messaging, video and email. Twilio Segment, the leading Customer Data Platform, allows companies to create highly personalized interactions and automated customer profiles based on first-party data from multiple channels.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. The words “believe,” “expect,” “anticipate,” “project” and similar expressions, among others, generally identify forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, statements regarding the anticipated benefits of the transaction.
These statements are subject to risks, uncertainties, and assumptions. Should any of these risks or uncertainties materialize, or should any assumptions prove to be incorrect, actual results could differ materially from these statements. Important factors that could cause actual results to differ materially include, but are not limited to, failure to realize the expected benefits of the transaction, negative effects relating to the announcement of the transaction or any further announcements relating to the consummation of the transaction on the market price of Twilio’s shares and/or the business relationships of either of the parties with third parties, general economic and business conditions that affect the benefits
Additional factors that could cause actual results to differ materially from these forward-looking statements are detailed from time to time in the reports
Forward-looking statements represent beliefs and assumptions only as of the date such statements are made.
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Source: Syniverse
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