JEFFERIES BROADVIEW ADVISES SYNIVERSE

Syniverse Completes Secondary Offering of 20 Million Shares of Common Stock

TAMPA, Fla.--(BUSINESS WIRE)--Nov. 7, 2007--Syniverse Holdings, Inc. (NYSE:SVR), a leading provider of technology and business solutions for the global telecommunications industry, announced today the completion of its previously announced secondary offering of the company's common stock at a public offering price of $15.50 per share. All 20 million shares were sold by investment funds affiliated with GTCR Golder Rauner, LLC, and certain members of Syniverse's current and former management. In addition, the underwriters have a 30-day period to exercise an option to purchase up to an additional 3 million shares from the selling stockholders. As a result of this offering, Syniverse has ceased to be a "controlled company" for purposes of the NYSE corporate governance rules. Syniverse did not receive any proceeds from the sale of its common stock by such selling stockholders.

The underwriting group for the offering was led by Deutsche Bank Securities and Lehman Brothers as joint book-running managers and included Bear, Stearns & Co. Inc., Robert W. Baird & Co., Jefferies & Company, JPMorgan, Raymond James and UBS Investment Bank.

About Syniverse

Syniverse Technologies (NYSE:SVR) makes it possible for over 375 communications companies in more than 75 countries to address market changes and demands as they deliver everything from voice calls to sophisticated data and video services. By ensuring that disparate technologies and standards interoperate, Syniverse allows operators to provide seamless, interactive mobile services to their subscribers wherever and whenever they 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.