ICT: Luxembourg-based telecom software provider MACH is set to be acquired by a Florida-based rival.
Syniverse “signed a definitive agreement to acquire MACH for cash consideration of approximately €550 million,” the companies said in a press statement on Tuesday.
MACH makes software for managing large volumes of mobile messages and lets phone operators track and bill cross-border roaming calls and texts. It claims that “more than 50% of the world’s roaming calls are processed through MACH systems.” MACH employees more than 1,000 people worldwide, including approximately 150 in the Grand Duchy.
In addition to its Contern headquarters, the firm has offices in Brazil, Denmark, Dubai, Germany, India, Russia, Singapore, the UK and the US, and has 650 customers including Orange, Telefonica, T-Mobile, Telus, Verizon Wireless, Microsoft and KLM Airlines.
Syniverse, headquartered in Tampa (photo), has a larger set of products and has stated that it has more than 900 customers in 160 countries.
One driver for the acquisition is the increase in devices that switch between mobile and wi-fi networks, popular in the developed world, and devices that use multiple SIM cards, popular in emerging markets. In its press statement, Syniverse said buying MACH would help the combined firm compete in those spaces.
Citing the pending regulatory review process, a Syniverse spokesman told Delano on Wednesday that the company would not give press interviews or provide additional details on the deal.