Syniverse is buying Aicent, a mobile technology company, for $290 million.
Aicent, headquartered in San Jose, California, provides data networking services that connect global mobile network operators. The company's network reaches 2G, 3G and 4G operators, which allows mobile users to roam between international networks.
Tampa, Florida-based Syniverse provide mobility services, including cloud-based technology used by mobile network operators. The company expects the acquisition to increase its communications network and extend the company's reach to mobile subscribers in Asia.
“In particular, the increased direct connections we gain as part of this transaction will make it possible to deliver on the promise of mobile context via an expanded footprint for the exchange of real-time information," says Syniverse CEO Jeff Gordon. "Our combined global network will deliver mobile service providers around the world the connectivity they need to enable their customers to use services how they want, when they want, where they want.”
Debevoise & Plimpton acted as legal adviser to Syniverse on the deal.
Other mobile-related deals include Facebook's (Nasdaq: FB) April acquisition of Moves, a mobile fitness application, and Zebra Technologies Corp.'s purchase of the enterprise business of Motorola Solutions Inc. for $3.45 billion.