May 18, 2009 (FinancialWire) — Syniverse Technologies (NYSE: SVR) said it has closed its acquisition of Wireless Solutions International.

The company said it a cash payment funded from its existing cash balances. It also awarded 200,000 shares of common stock to WSI and five individuals who, along with Martin Guilfoyle, the sole shareholder of WSI at the time of its acquisition, became employees of Syniverse.

Each award of shares has been placed into escrow and will be disbursed in 32 months if certain employment conditions are met by the individuals listed above.

Tampa, Florida-based Syniverse Technologies provides technology and business services for the telecommunications industry. The company’s solutions are designed to allow mobile services by making it possible for disparate technologies and standards to interoperate.

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