Twilio has invested $750 million in Syniverse, a communication technology provider, as part of their expanded partnership.
This investment makes Twilio a significant minority owner of Syniverse, with Carlyle maintaining its majority stake.
Commenting on the exciting news, Syniverse’s CEO Andrew Davies said: “This transaction provides Syniverse with the enhanced liquidity and financial flexibility that will enable us to accelerate investment in innovation, product quality, and breadth to benefit our enterprise and carrier customers around the world.”
“Our partnership with Twilio, combined with our enhanced balance sheet following this new infusion of capital, leaves us well positioned to more effectively monetize the 5G and CPaaS revolutions, deepen our engagement with our customers across key industry verticals and create long-term value and opportunity for all our stakeholders.”
Through this partnership, Syniverse will be one step closer to serving enterprise customers and will capitalise on the next wave of growth in digital communications.