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Press Release |
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VeriSign Acquires CallVision
Customer Self Care and Consolidated E-Billing and Analysis Services
will Complement VeriSign Commerce Suite
MOUNTAIN VIEW, California – January 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 telecoms, 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 rates.
‘The acquisition of
CallVision is a strategic investment that furthers our goal of providing
intelligent infrastructure services which enable rich and seamless communications,
commerce and content services for telecoms, online portals, media companies
and consumer brands worldwide,’ said Vernon Irvin, executive vice president
and general manager, VeriSign Communications Services.
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, regions, 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.
‘By developing highly regarded customer self-care
and consolidated e-billing and analysis applications for Tier 1 and
global telecoms, CallVision has realised 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 industry’s most trusted
brands deliver new services to a broader, diversified audience,’ said
Derek Edwards, chief executive officer of CallVision.
The acquisition is being accounted for as a purchase
transaction and is valued at £17 million, net of acquired cash. Revenue
and earnings contributions from the acquisition will not be material
to VeriSign’s 2006 financial results. The transaction is expected to
close in the first quarter of 2006.
VeriSign, Inc. (Nasdaq: VRSN), operates intelligent infrastructure
services which enable and protect billions of interactions every day
across the world’s voice and data networks. Additional news and information
about the company is available at www.verisign.co.uk.
Trademarks
VeriSign and other trademarks, service marks and logos are registered
or unregistered marks of VeriSign, Inc. and its subsidiaries in the
United States and in foreign countries. Copyright © 2006 VeriSign UK
Ltd. All rights reserved.
For More Information
VeriSign Media Relations: Lori Sinsley, lsinsley@verisign.com,
001 650-426-4716
VeriSign Investor Relations: Tom McCallum, tmccallum@verisign.com,
001 650-426-3744
Statements
in this announcement other than historical data and information constitute
forward-looking statements within the meaning of Section 27A of the
United States Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These statements involve risks and uncertainties
that could cause VeriSign's actual results to differ materially from
those stated or implied by such forward-looking statements. The potential
risks and uncertainties include, among others, the uncertainty of future
revenue and profitability and potential fluctuations in quarterly operating
results due to such factors as increasing competition and pricing pressure
from competing services offered at prices below our prices and market
acceptance of our existing services, the inability of VeriSign to successfully
develop and market new services and the uncertainty of whether new services
as provided by VeriSign will achieve market acceptance or result in
any revenues. More information about potential factors that could affect
the company's business and financial results is included in VeriSign's
filings with the US Securities and Exchange Commission, including in
the company's Annual Report on Form 10-K for the year ended December
31, 2004 and quarterly reports on Form 10-Q. VeriSign undertakes no
obligation to update any of the forward-looking statements after the
date of this press release.
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