Syniverse Announces 6 Million Share Distribution by GTCR.

Private Equity Sponsor Distributes Portion of Its Holdings in Syniverse to Certain of its Limited Partners and Affiliates

TAMPA, Fla. -- Syniverse Technologies (NYSE:SVR), a leading provider of technology and business solutions for the global telecommunications industry, announced today that GTCR Golder Rauner LLC (GTCR) investment funds distributed 6 million shares of Syniverse common stock to the funds' limited partners and certain of the funds' affiliates. GTCR is a Chicago-based private equity investment firm that partnered with Syniverse's management team to acquire the company from Verizon Communications Inc. in 2002.

Following the distribution, affiliates of GTCR will continue to own approximately 4.9 million shares of Syniverse's common stock, or about 7.1 percent of the company's current outstanding shares.

Syniverse stated that neither this distribution nor any future distribution of shares by affiliates of GTCR will have any effect upon the total number of shares outstanding.

Syniverse shares trade on the New York Stock Exchange under the symbol "SVR."

About Syniverse

Syniverse Technologies (NYSE:SVR) solutions allow more than 600 communications companies in over 120 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. With more than 20 years in the industry, 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.

Cautions about Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These include, but are not limited to, statements regarding the Company's plans, intentions and expectations. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected. Given these concerns, investors and analysts should not place undue reliance on forward-looking statements.