Syniverse: SMS growing


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  • | 5:00 p.m. June 9, 2010
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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.

 

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