Sunnyvale, California – Quanergy Systems, Inc., a provider of LiDAR sensors and smart 3D solutions, announced that Audio Technology has selected Quanergy to provide perimetre intrusion detection to reduce false alarms, provide real-time tracking and classification, all while working under any lighting conditions. (more…)
May 26, 2022
Posted by: Shriya Raban
Tampa and San Francisco, United States. 16 May, 2022 – Syniverse, communications technology provider to carriers and enterprises, and Twilio, the customer engagement platform that drives real time, personalised experiences for today’s brands, announced that the companies have closed on their previously announced strategic partnership. Twilio has invested [$750 million (€720.50 million)] for common equity in Syniverse, and the two companies have expanded their strategic and commercial partnership. Twilio is now a significant minority owner of Syniverse with Carlyle maintaining its majority stake.
Under the terms of the transaction, Twilio has invested [$750 million (€720.50 million)] in Syniverse, with Syniverse concurrently having raised [$1.025 billion (€0.98 billion)] in new term loan debt and [$340 million (€326.63 million)] in new preferred equity, the proceeds of which were primarily used to reduce leverage.
Syniverse’s chief executive officer Andrew Davies comments, “This transaction provides Syniverse with the enhanced liquidity and financial flexibility that will enable us to accelerate investment in innovation, product quality, and breadth to benefit our enterprise and carrier customers around the world. Our partnership with Twilio, combined with our enhanced balance sheet following this new infusion of capital, leaves us well positioned to more effectively monetise the 5G and CPaaS revolutions, deepen our engagement with our customers across key industry verticals and create long-term value and opportunity for all our stakeholders.”
Through this partnership, Syniverse will benefit from Twilio’s breadth of experience serving enterprise customers to capitalise on the next wave of growth in digital communications. Syniverse will also be even better positioned to serve its carrier customers and support continued innovation, customer service and lasting growth.
Simon Khalaf, Twilio’s senior vice president and GM of communications Platform, says “We are pleased to have closed this partnership and investment to accelerate the next wave of innovation in mobile communications and drive long-term growth.”
James Attwood, senior advisor at Carlyle and Chairman of Syniverse, says “Today marks a new day for Syniverse and for Carlyle’s investment in the business. We look forward to continuing to partner with Syniverse and Twilio to accelerate the next wave of innovation in intelligent connectivity and communications.”
Comment on this article below or via Twitter @IoTGN
May 16, 2022
Posted by: Janmesh Chintankar
April 13, 2022
Posted by: Anasia D'mello
Santa Clara, Calif, USA. 18 Februray, 2022 – Intel Corporation announced that Christoph Schell has been appointed executive vice president and chief commercial officer to lead the sales, marketing and communications group (SMG), starting March 14. Schell will succeed Michelle Johnston Holthaus, who will take on a new role as general manager of Intel’s client computing group (CCG). (more…)
February 21, 2022
Posted by: Anasia D'mello
Vodnjan, Croatia & London, UK. 8 February 2022 – Infobip, a global cloud communications platform and provider of omnichannel engagement, has introduced a new strategic position to take it into the next phase of exponential growth and global expansion. (more…)
February 8, 2022
Posted by: Anasia D'mello
McLean, VA., USA. 5th January 2022 – Iridium Communications Inc. reports that Manjula Sriram has joined the company as vice president & chief information officer. Reporting to chief financial officer Tom Fitzpatrick, Sriram is now responsible for leading Iridium’s Information Technology (IT) organisation in implementing information systems to support both distributed and centralised business operations. (more…)
January 6, 2022
Posted by: Anasia D'mello
Phoenix. 29 Dec 2021 – eVisit, the Virtual Care platform for healthcare providers, announced that Juli Stover has joined its leadership team as chief strategy officer. Stover most recently served as vice president of virtual health strategies at Envision Healthcare, a national hospital-based physician group headquartered in Nashville. (more…)
December 30, 2021
Posted by: Anasia D'mello
Boca Raton, Fla. 28 Dec 2021 – HealthWorksAI, a Healthcare analytics company, announces the launch of the 2nd generation of their xAI program. It’s an advanced analytical approach that collects and processes data, generating in-depth market analysis which standard models do not uncover. (more…)
December 29, 2021
Posted by: Anasia D'mello
Atlanta, GA. USA. – KORE Group Holdings, Inc. a global provider of Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS), reports that Paul Holtz, SVP of corporate performance, planning and analytics, has been named as interim chief financial officer, while KORE identifies a permanent successor. (more…)
December 3, 2021
Posted by: Anasia D'mello
1NCE, the provider of global IoT Flat Rate, has appointed Ivo Rook as its new chief operating officer (COO). Rook was previously chief executive officer of IoT at Vodafone, senior vice president at T-Mobile / Sprint, and liaison officer for SoftBank Group. (more…)
November 30, 2021
Posted by: Anasia D'mello
