[November 07, 2007] Syniverse Completes Secondary Offering of 20 Million Shares of Common Stock Tweet TAMPA, Fla. --(Business Wire)-- Syniverse Holdings, Inc. (NYSE:SVR), a leading provider of technology and business solutions for the global telecommunications industry, announced today the completion of its previously announced secondary offering of the company's common stock at a public offering price of $15.50 per share. All 20 million shares were sold by investment funds affiliated with GTCR Golder Rauner, LLC, and certain members of Syniverse's current and former management. In addition, the underwriters have a 30-day period to exercise an option to purchase up to an additional 3 million shares from the selling stockholders. As a result of this offering, Syniverse has ceased to be a "controlled company" for purposes of the NYSE corporate governance rules. Syniverse did not receive any proceeds from the sale of its common stock by such selling stockholders. The underwriting group for the offering was led by Deutsche Bank Securities and Lehman Brothers as joint book-running managers and included Bear, Stearns & Co. Inc., Robert W. Baird & Co., Jefferies & Company, JPMorgan, Raymond James and UBS Investment Bank. The offering is being made only by means of a prospectus and related prospectus supplement. Copies of the prospectus and related prospectus supplement may be obtained from any member of the underwriting group, including the joint book-running managers of Deutsche Bank Securities (Deutsche Bank Securities Prospectus Department, 100 Plaza One, Jersey City, New York 07311; telephone 800-503-4611; email [email protected]) and Lehman Brothers (Lehman Brothers Inc., c/o Broadridge, 1155 Long Island Avenue, Edgewood, New York 11717; email [email protected]; fax 631-254-7140). An effective registration statement and related prospectus is on file with the Securities and Exchange Commission (SEC), and a copy of the prospectus supplement, together with the prospectus, is also available on the SEC's website at www.sec.gov. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described, nor will there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Syniverse Syniverse Technologies (NYSE:SVR) makes it possible for over 375 communications companies in more than 75 countries to address market changes and demands as they deliver everything from voice calls to sophisticated data and video services. By ensuring that disparate technologies and standards interoperate, Syniverse allows operators to provide seamless, interactive mobile services to their subscribers wherever and whenever they need them. Celebrating its 20th anniversary in 2007, 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. [ Back To TMCnet.com's Homepage ]