Syniverse has agreed to buy MACH for €550 million (US $681 million) in a strategic move to expand its global reach and scale.
“The proposed acquisition will benefit both mobile users and the entire mobile ecosystem with greater reach, agility and solutions for the Mobile 3.0 environment, simplifying the increasing complexity of interoperability and service ubiquity," said Jeff Gordon, president and CEO, Syniverse.
Syniverse says the acquisition, which is subject to standard closing conditions, would add to its existing global customer base of more than 900 managed service providers in more than 160 countries and will enable the collective company to rapidly address the latest marketplace demands by bringing to market new solutions such as real-time intelligence, fraud prevention, revenue assurance as well as more flexible roaming solutions that address ecosystem interoperability, Wi-Fi offload, multi-SIM solutions and mandated provisions to support local breakout.
“The proposed acquisition offers significant potential benefits for our customers and end-users globally," said Morten Brøgger, CEO, MACH. “Combined, we would provide a complementary suite of solutions that would enable customers to deliver an enhanced end-user experience."
Analysys Mason senior analyst Justin van der Lande thinks the future is bright for the combined company.
"Scale is a significant benefit for the providers of roaming, interconnect and settlement services, such as MACH and Syniverse providing greater connectivity and simplification for CSPs the larger they are. The proposed acquisition would provide a leading position in all markets for Syniverse, with a high barrier of entry for any new entrant, van der Lande said.