VeriSign To Acquire CallVision
Customer Self Care and Consolidated E-Billing and Analysis
Services to Complement VeriSign Commerce Suite
MOUNTAIN VIEW, CAJanuary 11, 2006--VeriSign, Inc. (Nasdaq: VRSN),
the leading provider of intelligent infrastructure services for the
Internet and telecommunications networks, today announced it has
signed a definitive agreement to acquire Seattle-based CallVision,
a leading provider of online analysis applications.
The acquisition will enable VeriSign to deliver converged
electronic bill presentation, payment and customer self-care
applications to mobile operators, Tier 1 carriers, broadband
companies and consumer-brand MVNOs worldwide. By adding these
applications to the comprehensive VeriSign Commerce Suite, VeriSign
can help communications providers further simplify the billing
process, improve customer satisfaction, reduce operational
costs
and mitigate churn.
Laptop Battery The acquisition of CallVision is a strategic investment that
furthers our goal of providing intelligent infrastructure services
that enable rich and seamless communications, commerce and content
services for carriers, online portals, media companies and consumer
brands worldwide, said Vernon Irvin, executive vice president and
general manager, VeriSign Communications Services
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Thinkpad CallVision clients such as T-Mobile, Bell Canada, TelstraClear
and AAPT (Australia) use its applications to transform billing data
into vital sources of business intelligence to increase
satisfaction and retention. This is done by consolidating billing
data from multiple systems, products, geographies, languages and
currencies into a single electronic analysis and bill payment view
and creating one view of multiple accounts. The company distributes
and markets its services through direct sales and channel partners
such as global system integrators and major BSS/OSS vendors.
year career in sales and marketing with Hewlett Packard and Apollo Computer. He is a graduate of MIT with a bachelor's degree in electrical engineering and computer science and has an MBA from the Harvard Business School. Bill is currently on the boards of Lumigent, Red Hat, and WildTangent. He previously served on the boards of Alias Research (acquired by SGI), Avid Technology, CheckFree, Clarus, Course Technology (acquired by Thomson), Gateway Design Automation (acquired by Cadence), Mainspring Communications (acquired by IBM), MapInfo, Open Market (acquired by divine), Raptor Systems (acquired by Axent, now part of Symantec), Reflectent (acquired by Citrix), SightPath (acquired by Cisco), Spyglass (acquired by Open TV), Student Advantage and Tenth Planet (now part of Mattel).
Microsoft By developing highly regarded customer self-care and
consolidated e-billing and analysis applications for Tier 1 and
global carriers, CallVision has realized solid growth and
established itself as a world-class provider of customer-centric
solutions. We are pleased to be joining VeriSign to help one of the
industrys most trusted brands deliver new services to a broader,
diversified audience," said Derek Edwards, CEO of CallVision.
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Laptop Computers The acquisition is being accounted for as a purchase transaction
and is valued at $30 million net of acquired cash. Revenue and
earnings contributions from the acquisition will not be material to
VeriSigns 2006 financial results. The transaction is expected to
close in the first quarter of 2006.
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Laptop Computer About VeriSign
VeriSign, Inc. (Nasdaq: VRSN), operates intelligent infrastructure
services that enable and protect billions of interactions every day
across the worlds voice and data networks. Additional news and
information about the company is available at www.verisign.com.
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Desktop Computer Source: VeriSign
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