TAMPA, Fla.-Syniverse Technologies announced it plans to acquire EDS Interoperator Services North America, a subsidiary of Electronic Data Systems Corp., for $57 million cash.
IOS North America is a third-party clearinghouse service provider for wireless carriers, offering clearing and settlement services for roaming and business intelligence reporting.
“The acquisition of IOS North America is an excellent fit for Syniverse and aligns with our strategy to grow our business, maximize profitability and strengthen our leadership position in the wireless industry,” said Ed Evans, Syniverse’s chief executive officer. “The two companies’ combined expertise, technology applications and history of providing industry-leading solutions for more than 15 years is a tremendous asset to the wireless industry.”
