Syniverse: SMS growing

You can confirm the latest report from Syniverse Technologies (NYSE: SVR) just by looking at the people around you using mobile phones: text-messaging usage continues to grow.

Syniverse, a mobile technology company, helped move an average of 1.52 billion mobile messages per day in 2010's first quarter, according to a company release. That number is up 32% from a year ago.

The gain is driven by a major acquisition from late 2009, when the company bought the mobile messaging business of VeriSign, a Mountain View, Calif.-based firm.

The increased activity has impacted Syniverse's revenues as well. Messaging revenues were $47.4 million in the first quarter of 2010, compared to just $9.4 million in 2009.

“When someone updates his or her status on a social networking site via a mobile device, uses a text message to pledge to a charitable organization or sends a family photo from a mobile phone, an MMS or SMS must move across the global mobile network,” explained CEO Tony Holcombe in a release.

“The result of this ongoing growth in mobile connections among friends, family and organizations has resulted in a stable growth platform for all of us in the mobile messaging space.”

Indeed, Syniverse's first quarter revenues grew 36.8% overall this year, up to $149 million.

Based in Tampa, Syniverse Technologies serves more than 800 mobile operators, cable and internet providers, and enterprises, in about 160 countries.