[August 26, 2014]

Syniverse Announces CEO Transition

Syniverse today announced a leadership transition under which Jeffrey S. Gordon has stepped down from his role as President, Chief Executive Officer and Director, effective immediately. In connection with this change in leadership, Stephen C. Gray, a member of the Syniverse (News - Alert) Board of Directors since January 2011, will become interim President and Chief Executive Officer.

"My time at Syniverse has been very exciting as we have transformed the business, completed key acquisitions and expanded our customer base, putting Syniverse in the center of the mobile ecosystem while delivering valued, differentiated services to our customers," Gordon said. "It has been an honor to work with this outstanding team, which consistently provides superior service to our broad customer base."

"Jeff's strategic vision for the business has been integral in driving Syniverse to this pivotal point in its history, and we appreciate his contributions and dedication during his almost seven-year tenure at the company," said James A. Attwood, Jr., Chairman of the Syniverse Board of Directors. "We are also grateful to Steve for joining the management team at this critical time. Steve is a seasoned executive who brings tremendous leadership skills and an established track record of opeational excellence. Steve understands the tremendous opportunity for Syniverse with the proliferation of LTE (News - Alert) and more advanced mobile technologies worldwide, ensuring Syniverse is well positioned for its next phase of growth."

Gray joined Syniverse's Board of Directors following the company's acquisition by The Carlyle Group in January 2011. As an Operating Executive with Carlyle's Global Telecommunications, Media and Technology Group, he has more than 25 years of experience in the telecommunications industry and currently serves on the Board of Directors of CommScope, Inc. and as Chairman of ImOn Communications, LLC, SecurityCoverage, Inc., Involta, LLC, and HH Ventures, LLC (d/b/a, ReadyWireless).

"As a leader in the enablement of LTE technology with reach to more than 6 billion mobile devices, Syniverse is an exceptional company poised for continued growth in the mobile ecosystem," Gray said. "Going forward, we will focus the efforts of our world-class team at Syniverse to propel the company forward, leveraging our unmatched operational scale, unique assets and unrivaled mobile expertise to continue to grow the business and deliver additional strategic value to our operator and enterprise customers across the world."

The Board will commence a search for a permanent Chief Executive Officer immediately. Gray will continue to be a member of the company's Board of Directors.

About Syniverse

Syniverse is the leading global transaction processor that connects more than 1,500 mobile service providers, enterprises, ISPs and OTTs in nearly 200 countries and territories, enabling seamless mobile communications across disparate and rapidly evolving networks, devices and applications. We deliver innovative cloud-based solutions that facilitate superior end-user experiences through always-on services and real-time engagement. For more than 25 years, Syniverse has been simplifying complexity to deliver the promise of mobility - a simple, interoperable experience, anytime, anywhere. For more information, visitwww.syniverse.com, follow Syniverse on Twitter or connect with Syniverse on Facebook.

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