Syniverse and Twilio Enter Strategic Partnership

innovation in mobile communications

Syniverse and Twilio have entered a strategic partnership to accelerate the next wave of innovation in mobile communications and drive long-term growth. Both the companies have also signed a definitive agreement for Twilio to invest up to $750 million cash in Syniverse and become a significant minority owner of the company. Syniverse’s current majority owner – The Carlyle Group, will maintain its majority interest in Syniverse.

This partnership will enable Syniverse to take advantage of Twilio’s breadth of experience serving enterprise customers to capitalize on the next wave of growth in mobile communications.

To Read More:  Martechseries