SVR Syniverse Holdings

Syniverse Financial Settlement Services (FSS), a new offering designed to meet CDMA operator demand for cost-effective, comprehensive settlement services, is now available from Syniverse Technologies (NYSE:SVR), a leading provider of technology and business solutions for the global telecommunications industry. Syniverse FSS enables the settlement of hundreds of millions of financial transactions conducted each month between operators and their roaming partners. Designed to meet a wide range of operator needs from net to non-net settlement processing, and to provide a secure single-source solution in a global market that is increasingly seeking to automate the settlement of roaming cash transactions, Syniverse FSS streamlines the payment and receipt of financial positions between roaming partners. �Syniverse truly listened to operators who need a trusted, third-party provider to manage this complex but vital part of their roaming business,� said Tony Holcombe, President and CEO of Syniverse. �We responded with a comprehensive portfolio of services that offers CDMA operators the best solution available. They can be confident that Syniverse will smoothly and cost-effectively manage the financial transactions that form the lifeblood of their businesses.� Syniverse FSS is comprised of three solutions designed for three different operator requirements: Syniverse Financial Net Settlement (FNS) is a cost-effective service that consolidates the huge number of transactions conducted between roaming partners every month into a single payable amount per partner. This is of particular importance for operators who have a multitude of roaming partners. Outsourcing financial settlement in this way enables operators to achieve efficiencies from speedier settlement as well as reduced operational and capital costs, thus gaining more resources to focus on their core businesses. Syniverse Invoice & Accounting (I&A) was created for non-net operators and operators who use net settlement but would prefer to manage their own payments and collections for their non-net roaming agreements. I&A uses a feature-rich interface that provides information on financial activity, customized invoicing and check requests, aging, and transaction recording. Syniverse Managed Invoice & Accounting (Managed I&A) is a managed service that settles payments for operators on a non-net basis. This solution is designed for operators who wish to have a dedicated and professional external team handle payments, collections and the other resource-consuming tasks required for managing non-net settlement. Holcombe said many operators who have long been frustrated by the limited number of solutions available in the CDMA financial clearing and settlement marketplace finally have a better option. Syniverse FSS not only improves the transparency of the process for the operator and automates the adjustment process, it also enhances reporting and audit capabilities � all key areas of improvement asked for by operators. �Our new FSS offering has clearly injected more dynamism and more choice into the sector,� he said. �We are pleased to be able to extend Syniverse�s unrivalled heritage and proven ability to deliver trusted financial clearing services to the CDMA market and to those operators who are looking for a way to solve the growing complexities they face when dealing with financial settlement issues.� About Syniverse Syniverse Technologies (NYSE:SVR) solutions allow more than 500 communications companies in over 100 countries to provide seamless mobile services by making it possible for disparate technologies and standards to interoperate. Syniverse�s flexibility and customer focus�permit its customers to quickly react to�market changes and demands,�enabling�the delivery of everything from voice calls to sophisticated data and video services wherever and whenever subscribers need them. Celebrating its 20th anniversary in 2007, Syniverse is headquartered in Tampa, Florida, U.S.A., and has offices in major cities around the globe. Syniverse is ISO 9001:2000 certified and TL 9000 approved, adhering to the principles of customer focus and quality improvement practices. More information is available at www.syniverse.com.