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Syniverse, recognized as the world’s most connected company, will be a platinum sponsor at the IoT Evolution Conference and Expo from Feb. 8-11, 2022, in Fort Lauderdale, Fla. This event will showcase innovative IoT solutions for mobile operators and enterprises. Syniverse aims to address the growing IoT needs by leveraging technologies like 5G and CPaaS. In August 2021, Syniverse announced a merger with M3-Brigade Acquisition II Corp (MBAC), making it publicly listed under the ticker SYNV.
Syniverse has partnered with NTW Software to integrate the Syniverse CPaaS Concierge into NTW's call center platform. This partnership aims to enhance omnichannel communications, enabling enterprises to improve customer engagement through diverse messaging options like RCS and popular apps. The service will also provide tools to address security concerns. Additionally, Syniverse plans to go public via a merger with M3-Brigade Acquisition II Corp (NYSE: MBAC), with trading expected to commence under the ticker 'SYNV' after the transaction's completion.
Syniverse has partnered with Adobe as an Accelerate Partner in the Adobe Exchange Partner Program. This collaboration aims to enhance customer engagement through the Syniverse CPaaS Concierge Software as a Service platform, which is used by global enterprises across various sectors. The deal allows Adobe Experience Cloud customers access to a wide range of messaging channels, increasing brand engagement and customer communication effectiveness. Syniverse also announced plans to go public via a merger with M3-Brigade Acquisition II Corp (NYSE: MBAC), set to trade under the ticker 'SYNV'.
Syniverse Holdings reported third quarter 2021 revenue of $207.9 million, a 30% increase year-over-year. Year-to-date revenue reached $540 million, up 11%. Adjusted EBITDA for Q3 rose 20% to $60.5 million. The company anticipates exceeding its previous fiscal 2021 revenue target of $678 million by 10% and aims to meet its $210 million adjusted EBITDA target. Notably, the enterprise segment saw significant growth, accounting for 49% of total revenue, while carrier service revenues declined 4%.
M3-Brigade Acquisition II Corp. (NYSE: MBAC) has successfully closed its initial public offering (IPO) of 40 million units at $10.00 per unit, raising a total of $400 million. The units began trading on the NYSE under the ticker symbol 'MBAC.U' as of March 4, 2021. Each unit comprises one share of Class A common stock and one-third of a warrant, with a whole warrant allowing the purchase of one share at $11.50. The underwriter, Cantor Fitzgerald & Co., has an option to acquire an additional 6 million units to cover over-allotments.
