Syniverse Technologies (NYSE:SVR) achieved a new messaging traffic milestone in the second quarter of 2010 as consumers worldwide turned to their mobile devices with even greater frequency to text and tweet with friends and family, share pictures and video, manage their financial accounts, and interact with their favorite brands. Overall, Syniverse moved an average of 1.6 billion mobile messages per day in the second quarter of 2010, an increase of 23 percent from a year ago.

The company’s peer-to-peer (P2P) messaging volumes, which include both short messaging service (SMS) and multimedia message service (MMS), were up 23 percent quarter-over-quarter, with MMS traffic continuing with an explosive 202 percent growth rate year over year. SMS traffic also achieved 22 percent year-over-year gains.

“With SMS now enabled on nearly 100 percent of the world’s handsets – both smart devices as well as inexpensive feature phones – all types of mobile providers as well as new entrants to mobile are motivated to take advantage of its broad reach,” explained Tony Holcombe, President and CEO, Syniverse. “In fact, we have added more than 15 new SMS customers across the globe in the second quarter alone.”

Over the past few months, Syniverse has seen strong interest in messaging within Latin America where more than 500 million messaging-enabled mobile devices are currently active.

Evidence of this trend is supported by Portio Research’s “Mobile Messaging Futures 2010-2014” report, which forecasts SMS traffic in this part of the world will grow from 250.2 billion messages in 2009 to 403.7 billion in 2014, while MMS traffic is expected to grow from 1.8 billion to 5.7 billion over the same period.

Syniverse has signed almost 20 messaging contracts in Latin America this year. One of these is with Open Mobile, a long-time Syniverse roaming and networking customer. In the second quarter, the Puerto Rican wireless communications provider chose Syniverse to power both its in-country and international SMS messaging, providing the SMS interoperability its subscribers demand for texting.

“Syniverse’s network and roaming solutions have served as the enabler of Open Mobile’s services for years,” said Frank Bell, President and COO, Open Mobile. “When we decided to strengthen our mobile messaging capabilities, we knew that Syniverse was the right partner to engage because of its continued track record of superior customer service, reliability and flexibility.”

Syniverse’s solid messaging leadership also was recognized earlier this year by CTIA-The Wireless Association®, which chose Syniverse to support the launch of the Latin America Common Short Code (CSC) initiative. Short codes are six-digit numbers used to address SMS messages and can be used by consumers to obtain information, contribute to a charitable cause, purchase content, view promotions and more. The CSC initiative gives businesses, brand marketers and others around the globe an unprecedented opportunity to reach millions of consumers across Latin America by obtaining a single short code. Syniverse is the power behind the registration process for the CSCs at www.latinshortcodes.com, which is fully supported by the major regional operators.

Holcombe said the CSC initiative is not the only new messaging application driving Syniverse’ increased revenues or customer diversification in Latin America – or globally. The company continues to see strong growth in its mobile enterprise messaging (MES) business with volumes up 72% when compared to second quarter 2009.

For more information about the Syniverse’s NEXTSM portfolio of messaging solutions, including the SMS, MMS and MES portfolios, please visit http://www.syniverse.com/NEXT/.

About Syniverse

Syniverse Technologies (NYSE:SVR) makes mobile work for more than 800 mobile operators, cable and Internet providers, and enterprises in over 160 countries. With unmatched expertise and more than 20 years simplifying the complexities of roaming, messaging and networking, Syniverse serves as the force at the center of the mobile communications universe, keeping people connected today and forging new connections for tomorrow. Nobody knows mobile like Syniverse. For more information, visit www.syniverse.com, follow Syniverse on Twitter or find Syniverse on Facebook.

About Open Mobile

Open Mobile is a wireless company where the consumer will find a variety of mobile phones and at the same time enjoy a purchasing process both fast and simple. Established on June 12, 2007, Open Mobile owns 19 stores, 4 kiosks, a strong distribution chain of dealers and 196 points of sales. Open Mobile operates throughout the island for the benefit of the Puerto Rican consumer, thereby opening a new era in the telecommunications market in Puerto Rico. For more information visit our web page www.openmobilepr.com.

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