The proposed acquisition will combine Syniverse's NEXTAdvanced Messaging Hub, the industry's first comprehensive enhanced messaging hub, and other NEXT messaging offerings with four of VeriSign's operator and enterprise messaging solutions:

• Inter-Carrier Gateway enables operators to deliver inter-carrier person-to-person SMS and MMS messages across geographies and technologies.


• PictureMail provides state-of-the-art MMS platform with core components that include a hosted MMS service center (MMSC) for MMS routing, handset photo applications, a social networking interface, and photo storage and sharing capabilities.


• Premium Messaging Gateway manages delivery of "off-portal" or third-party content to subscribers.


• Mobile Enterprise Solutions enables businesses to send time- and event-based messages or alerts via voice, text message or email to customers, employees or partners, and allows operators to offer their high-value customers a broader array of services, including enterprise and mobile financial services.

The transaction is subject to customary closing conditions and regulatory approvals. Deutsche Bank and Alston & Bird LLP provided advisory services to Syniverse in connection with the transaction.