Twilio, a cloud communications platform, is set to invest $750m in Syniverse, a provider of technology and business services for a number of telecommunications companies. Carlyle will remain majority shareholder in Twilio. "The partnership will provide Syniverse access to Twilio’s extensive enterprise and API services expertise, creating opportunities to continue to build on Syniverse’s highly innovative product portfolio that helps mobile network operators and enterprises make communications better for their customers," James Attwood, Syniverse Executive Chairman. On February 11, 2022, Syniverse announced it would pursue the deal with Twilio as alternative to terminated deal with M3-Brigade Acquisition II. The terms will remain as previously agreed, but Syniverse will pursue additional financing transactions.