When 49ers flush with gold fever raced westward, many found broken dreams and empty bank accounts. Those selling pickaxes and shovels found fortune and glory. In technology, there is no easy button. As companies large and small seek to harness the strength of transformation, it is those equipping this expedition seeing extraordinary success.
Syniverse announced new full-year revenue and earnings forecasts in advance of an upcoming vote to take the company public via SPAC merger.
In August 2021, the mission-critical mobile platform provider announced a merger with M3-Brigade Acquisition II Corp – a publicly traded special purpose company – pushing the Syniverse (News - Alert) valuation to $2.85 billion. On February 9th 2022, shareholders will vote on the merger, renaming the firm to Syniverse Technolologies Corporation and going public on the NYSE under the symbol SYNV.
Syniverse projects 2022 revenue between $840 million and $875 million, representing a significant increase to the expected $780 million.
“Today’s preliminary results show that we continue to execute our strategic growth plan and are very well positioned to deliver the mobile ecosystem solutions necessary to monetize 5G data and messaging and create long-term value for shareholders,” said Andrew Davies, CEO of Syniverse. “We’re very encouraged by the strong growth momentum in our Carrier and Enterprise businesses.”
Mobile messaging and 5G are shaping the next generation of enterprise operations, and Syniverse is positioned to provide the pickaxes and shovels of this new era. There’s gold in them there hills!
As M3-Brigade CEO Mo Meghji exclaimed Syniverse is “Integral in the mobile-centric 5G world.”
Join us a IoT Evolution Expo June 21-24 to hear from Syniverse and other industry leaders on 5G, mobility and the promise of our cloud-powered, data-driven connected world.