April 20, 2014 5:22 PM ET

IT Services

Company Overview of Syniverse Holdings, Inc.

Company Overview

Syniverse Holdings, Inc. provides transaction processing and intelligence solutions enabling seamless mobile communication for mobile network operators (MNOs), over-the-top providers (OTTs), and enterprises worldwide. The company offers mobile transaction services, such as processing, clearing, and exchanging end-user billing records between MNOs; processing and settlement of payments between participants in the mobile ecosystem; activating, authenticating, and authorizing end-user mobile activities; managing the routing and delivery of SMS, MMS, and next generation messaging; data transport services; and business intelligence and real-time policy management applications. It also provides en...

8125 Highwoods Palm Way

Tampa, FL 33647

United States

Founded in 1987

2,589 Employees

Phone:

813-637-5000

Key Executives for Syniverse Holdings, Inc.

Chief Executive Officer
Age: 52
Chief Financial & Administrative Officer and Executive Vice President
Age: 52
President of Enterprise & Intelligence Solutions Business Unit
Age: 48
Chief Strategy Officer
Age: 43
Senior Vice President
Age: 56
Compensation as of Fiscal Year 2013.

Syniverse Holdings, Inc. Key Developments

Syniverse to Reduce Costs, Revenue Leakage for Andorra Telecom

Syniverse announced the deployment of its Interconnect Services for Andorra Telecom, a full-service network operator that manages and operates exclusively in the Principality of Andorra. The services allow Andorra Telecom to realign its interconnect billing business as a managed service. Syniverse's Interconnect Services will improve Andorra Telecom's cost containment and management of its wholesale interconnect margins. Interconnect billing eliminates capital expenditures and reduces operating costs. It also cuts revenue leakage by minimizing the number of call detail record (CDR) errors through proactive error detection. With levels of unreconciled interconnect CDRs creating significant issues for some operators, Syniverse's services aim to significantly reduce that error rate to close to zero. In addition to reducing the cost and complexity of maintaining an in-house interconnect billing function, Syniverse's Interconnect Services come with dedicated 24/7 service and support staff, benefitting Andorra Telecom by freeing up internal resources. With the advent of new IP-based services and the intensification of wholesale competition, the traditional environment of voice interconnection is rapidly shifting. As operators examine the sustainability of maintaining in-house interconnect billing, cloud-based solutions like Syniverse's Interconnect Services are becoming viable options to reduce costs and increase efficiency.

Syniverse Holdings, Inc. Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Syniverse Holdings, Inc. announced earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, revenue increased 30% from the previous year's quarter to $243 million, driven by solid organic growth and the acquisition it closed at midyear. Adjusted EBITDA margin was 42.4%, an increase of 2.8% from the fourth quarter of 2012. Adjusted EBITDA was up 40% to $103 million versus the prior year quarter. Free cash flow, representative of net cash provided by operating activities, adjusted for the acquisition expenses and discontinued operations, less capital expenditures, was $68 million On a pro forma basis, revenue increased $14.2 million or 6% from fourth quarter of 2012 and Adjusted EBITDA was up $12 million or 13%.On Non-GAAP basis, For the year the company reported a net loss of $46.6 million, compared to a net loss of $3.2 million in the prior year. Revenue was up 15.5% to $859 million for 2013, compared to $743.9 million in 2012. Revenues of $859 million were up $115 million or 15% versus 2012. The MACH acquisition contributed $74.1 million to the increase, which was also driven by new contract wins and continued volume growth across several of the service offerings. The increase in revenue was partially offset by pricing declines in roaming processing services and volume declines in it's intercarrier SMS messaging and number portability services. Adjusted EBITDA was $358 million, an increase of 14% versus 2012. The year-over-year increase for both periods was driven by growth in it's organic business, as well as the impact of the acquisition. Free cash flow, representative of net cash provided by operating activities, adjusted for the acquisition expenses and discontinued operations, less capital expenditure, was $114 million. Capital expenditure during the year was $73.9 million compared to $65.8 million in 2012. On a pro forma basis, the combined revenue 2013 was $933 million and Adjusted EBITDA was approximately $385 million. The gross margin for the year was flat to the prior year at 63%. On Non-GAAP basis, Adjusted EBITDA was $358.2 million, up $44.7 million or 14% from 2012, driven by growth on it' stop line. The revenue increase was partially offset by higher operating costs, resulting primarily from the acquired workforce, as well as integration costs. Capital expenditures in 2013 were $73.9 million or 8.6% of revenue compared to against $65.8 million in 2012. Spending growth in 2013 focused mainly on product offerings in areas such as real-time Intelligence, identity and campaign management and hosted data optimization, as well as $3.1 million related to integration activities.

Syniverse Holdings, Inc., Q4 2013 Earnings Call, Mar 26, 2014

Syniverse Holdings, Inc., Q4 2013 Earnings Call, Mar 26, 2014

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