Syniverse Announces 6 Million Share Distribution by GTCR
08 August 2008 - 10:30PM
Business Wire
Syniverse Technologies (NYSE:SVR), a leading provider of technology
and business solutions for the global telecommunications industry,
announced today that GTCR Golder Rauner LLC (GTCR) investment funds
distributed 6 million shares of Syniverse common stock to the
funds' limited partners and certain of the funds' affiliates. GTCR
is a Chicago-based private equity investment firm that partnered
with Syniverse�s management team to acquire the company from
Verizon Communications Inc. in 2002. Following the distribution,
affiliates of GTCR will continue to own approximately 4.9 million
shares of Syniverse�s common stock, or about 7.1 percent of the
company�s current outstanding shares. Syniverse stated that neither
this distribution nor any future distribution of shares by
affiliates of GTCR will have any effect upon the total number of
shares outstanding. Syniverse shares trade on the New York Stock
Exchange under the symbol �SVR.� About Syniverse Syniverse
Technologies (NYSE:SVR) solutions allow more than 600
communications companies in over 120 countries to provide seamless
mobile services by making it possible for disparate technologies
and standards to interoperate. Syniverse's flexibility and customer
focus permit its customers to quickly react to market changes and
demands, enabling the delivery of everything from voice calls to
sophisticated data and video services wherever and whenever
subscribers need them. With more than 20 years in the industry,
Syniverse is headquartered in Tampa, Florida, U.S.A., and has
offices in major cities around the globe. Syniverse is ISO
9001:2000 certified and TL 9000 approved, adhering to the
principles of customer focus and quality improvement practices.
More information is available at www.syniverse.com. Cautions about
Forward-Looking Statements This press release contains
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These include, but are
not limited to, statements regarding the Company's plans,
intentions and expectations. Such statements are inherently subject
to a variety of risks and uncertainties that could cause actual
results to differ materially from those projected. Given these
concerns, investors and analysts should not place undue reliance on
forward-looking statements.
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