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United States : VeriSign s messaging business acquired by Syniverse.


Byline: Mamta03

Wireless voice and data services provider Syniverse Technologies (NYSE NYSE

See: New York Stock Exchange
:SVR) reported on Monday that it has completed its acquisition of the messaging business of Internet company VeriSign Inc (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:VRSN VRSN Verisign, Inc. (stock abbreviation, AMEX)
VRSN Version Number (NEC) 
) for USD USD

In currencies, this is the abbreviation for the U.S. Dollar.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
175m in cash.

VeriSign's Messaging and Mobile Media Services unit was purchased by Syniverse for approximately USD175m in cash, subject to working capital adjustments.

The transaction, which was effective as of Friday, is expected to be immediately accretive to cash net income, Syniverse said.

Copyright : Euclid Infotech Pvt. Ltd.

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Publication:TendersInfo
Date:Oct 29, 2009
Words:90
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