Syniverse Technologies Inc Completes Acquisition Of MACH

Syniverse Technologies Inc announced that it has completed its acquisition of MACH for approximately EUR550 million. The combined company now serves more than 1,500 mobile service providers, enterprises, ISPs and app providers in nearly 200 countries, offering a full suite of advanced solutions that help Syniverse`s customers ensure seamless, high-quality end-user experiences in an increasingly complex mobile ecosystem. The transaction is expected to be accretive within a year. Deutsche Bank acted as sole M&A adviser, and Debevoise & Plimpton, Latham & Watkins, and Shearman & Sterling acted as legal advisers to Syniverse in connection with the transaction. Barclays, Deutsche Bank, Credit Suisse and Goldman Sachs provided debt financing for the transaction.