TAMPA, Fla.—Syniverse Technologies Inc. purchased Hong Kong-based Interactive Technology Holdings Ltd. for $45 million, the company announced.
ITHL sells prepaid, messaging, video and number portability services to carriers in the Asia Pacific region and has nine regional offices in locations such as Singapore, Malaysia and Taiwan.
Tony Holcombe, president and chief executive officer of Syniverse, called the acquisition an “important step in Syniverse’s strategic plan for global expansion and product development.
“ITHL provides many new customers, many of whom are GSM operators, and a strong set of advanced products, including prepaid, messaging, video and number portability products that complement Syniverse’s existing suite of services,” Holcombe said. “ITHL expands our presence and provides us with additional development capabilities in the heart of the world’s most advanced wireless market.”
