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Twilio invested $750 million in Syniverse for a minority stake
The partnership will drive continuous innovation and drive continued connectivity and engagement in the communications world.
TAMPA, Fla. & SAN FRANCISCO, May 16, 2022–(BUSINESS WIRE)–Syniverse®, “the world’s most connected company” and communications generation provider for leading operators and businesses, and Twilio (NYSE: TWLO) (LTSE: TWLO), the visitor engagement platform that generates personalized, real-time reports for today’s leading brands, today announced that the corporations have entered into their strategic partnership announced in the past. Twilio has invested $750 million in non-unusual inventory at Syniverse and the two corporations have expanded their strategic and advertising partnerships. Twilio is now a significant minority owner of Syniverse, and Carlyle retains its majority stake.
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Andrew Davies, CEO, Syniverse (Photo: Business Wire)
Under the terms of the transaction, Twilio invested $750 million in Syniverse, and Syniverse raised $1025 million in new term debt and $340 million in similar new stocks, the proceeds of which were primarily used to reduce leverage.
Syniverse CEO Andrew Davies said: “This transaction provides Syniverse with greater liquidity and monetary flexibility that will enable us to drive investments in innovation, product quality and scale-up to gain advantages from our corporate consumers and operators around the world. Our partnership with Twilio, combined with our enhanced balance sheet as a result of this new capital injection, positions us well to better monetize the 5G and CPaaS revolutions, deepen our engagement with our consumers in key industry verticals, and create long-term pricing and opportunities for all of our stakeholders. “
Through this partnership, Syniverse will leverage Twilio’s extensive experience in serving commercial consumers to capitalize on the next wave of virtual communications growth. Syniverse will also be better placed to serve its carrier consumers and continuous innovation, visitor service and sustainable growth.
Simon Khalaf, Senior Vice President of Twilio and Managing Director of Communications Platform, said: “We are very pleased to have entered into this partnership and investment to drive the next wave of innovation in communications and drive long-term growth. “
James Attwood, Senior Advisor to Carlyle and President of Syniverse, said: “Today marks a new day for Syniverse and Carlyle’s investment in the company. We look to the future to proceed to marry Syniverse and Twilio to drive the next wave of innovation in intelligence. , connectivity and communications. »
Advisors
Moelis
Centerview Partners LLC acted as monetary advisor to Twilio and Kirkland
About Synverse
Syniverse is the largest connected company in the world. We seamlessly connect networks, devices and other people around the world, so the world can harness the full force of communications.
Our secure global generation powers the world’s leading carriers, Forbes Global 2000 companies and billions of people, devices and transactions every day. Our engagement platform delivers better and smarter reporting than relationships between companies, customers and employees.
For more than 30 years, we have accelerated advances in the field of communication technologies. Today, we are a key driving force for the global adoption of intelligent connectivity, from 5G and CPaaS to IoT and more.
About Twilio Inc.
Today’s leading corporations rely on Twilio’s customer engagement platform (CEP) to build direct, personalized relationships with their consumers anywhere in the world. Twilio’s central communication APIs allow businesses to interact with their consumers through voice, conversation, messaging, video, and email. Twilio Segment, the leading visitor insights platform, enables corporations to create highly personalized interactions and automated visitor profiles based on channel knowledge. Twilio enables businesses to use communications and knowledge to load intelligence into every step of the visitor journey, from sales and marketing to growth, visitor service, and many other instances of engagement use in a flexible and programmatic way. In 180 countries, millions of developers and thousands of companies use Twilio to create magical reports for their consumers.
Forward-Looking Statements
This press release comprises forward-looking statements within the meaning of the federal securities laws, the statements of which involve dangers and uncertainties. The words “believe,” “expect,” “anticipate,” “project” and similar expressions, among others, identify forward-looking statements. The forward-looking statements contained in this press release include, but are not limited to, statements regarding the expected benefits of the transaction.
These statements are subject to dangers, uncertainties and assumptions. If any such dangers or uncertainties materialize, or assumptions prove incorrect, actual effects may also differ materially from those statements. Significant items that may also cause actual effects to differ materially include, but are not limited to, failure to deliver the expected benefits of the transaction, adverse effects similar to the announcement of the transaction, or any other announcement related to the final touch of the transaction. in the market value of Twilio’s shares and/or one of the parties’ business relationships with third parties, general economic and publicity situations that the benefits that Twilio would possibly derive from the transaction and adjustments in the global markets, political, economic , advertising, competitive, market and regulatory.
Other points that may also cause actual effects to differ materially from those forward-looking statements are detailed from time to time in Twilio’s reports to the Securities and Exchange Commission (SEC), adding Twilio’s most recent annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on Twilio’s online page and can be obtained with no fee from Twilio. In addition, Twilio operates in a highly competitive and fast-converting environment, and new hazards and uncertainties may arise that may also have an effect on the forward-looking statements contained in this press release.
Forward-looking statements constitute ideals and assumptions only as of the date such statements are made. Twilio assumes no legal responsibility to update any forward-looking statements made in this press release to reflect occasions or cases subsequent to the date of this press release or to reflect new information or the occurrence of unforeseen events, as required by law.
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Contacts
Media and press: Kevin PetschowSyniverse pr@syniverse. com 1. 813. 637. 5084
Kelsey MarkovichSard Verbinnen
Carolyn BosTwilio press@twilio. com
Investor Relations: Stanley Martinez, CFA, IRCSyniverse ir@syniverse. com 1. 813. 614. 1070
Bryan VanimanTwilio ir@twilio. com